Profit warning
Shareholders are advised that the results for the year ending 31 August 2001
are expected to show a loss.
On the 31 August 2001 the directors of Vesta Technology Holdings Limited
decided to discontinue the operations of the special purpose vehicle Vesta
Software Solutions (UK) Limited as the company can no longer operate as a
profitable entity because there is no longer a viable market for its
product.
All stock will be written off, all other assets recovered and liabilities
paid.
The principle reason for the decline in earnings is the discontinuation of
the operations of Vesta Software Solutions (UK) Limited as well as the
pressures in the worldwide slow down of spend in the IT industry.
Shareholders are accordingly advised to exercise caution when dealing in
their shares until the results for the year ending 31 August 2001 are
announced.
Midrand
ENF Sponsors (Proprietary) Limited
(Registration number 2000027636/07)
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