Mathomo Group Limited - Further Cautionary Announc
Mathomo Group Limited
(Registration number 1995/004783/06)
("Mathomo" or "the Company")
Share code: MTO
ISIN code: ZAE000010542
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the announcement dated 23 January 2002 concerning the
restructuring of the Company, the Board of Directors of Mathomo ("the
Board") wishes to advise shareholders that, as part of the restructuring and
at the request of the Company, Burke Russell Macnab Marketing (Proprietary)
Limited, a clothing brand management and outsourcing company in the Mathomo
stable, has been placed into provisional liquidation ("the BRM liquidation")
in order to stem any further losses to the Company. The Board believes that
this is the most appropriate action to maximise the value of shareholders of
Mathomo in respect of this investment.
Further information concerning the restructuring of the Company, together
with the results for the year ended 30 September 2001 and the impact of the
BRM liquidation, will be released prior to 8 February 2002. Accordingly,
Mathomo shareholders are advised to exercise caution when dealing in their
shares until a further announcement is made.
Johannesburg
1 February 2002
Merchant bank and sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Attorneys
Levy, Feinsteins & Associates Inc.
(Registration number 1995/001716/21)
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