Zaptronix Limited - Further Cautionary Announcemen
Further Cautionary Announcement
Further to the cautionary announcements dated 15 October and 5 November
2001, the company has taken the decision to curtail its operations in Durban
(`the plant"). The plant is continuing to produce product for certain
customers until the end of December, where after the assets relating to the
plant will be sold and the operation terminated, which will increase cash
resources within the group. Certain material shareholders, holding in excess
of 50% of the issued share capital, have given their consent to the sale of
the assets of the plant. A formal announcement will be made to shareholders
when agreements have been reached for the sale of the respective assets.
Shareholders are advised that the company is continuing with negotiations,
which when concluded, may have a material effect on the price at which the
shares of Zaptronix trade on the JSE Securities Exchange South Africa.
Shareholders are therefore advised to continue exercising caution when
dealing in the company's shares until a full announcement is made
Johannesburg
7 December 2001
Sponsor
BENEFIQUE CAPITAL
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