DIAL-A-MOVIE LIMITED
(incorporated in the Republic of South Africa)
(Registration No. 1977/003591/06)
Share code: DLM ISIN code: ZAE000002150
("DAM" or "the company")
Announcement
Trading in DAM shares on the JSE Securities Exchange South Africa ("JSE")
was suspended on 28 September 1993 after the company was placed in
liquidation. Liquidators were appointed who duly realised the assets of the
company. In a liquidation scenario, only secured creditors would have
received a small payment.
In July 1998 a scheme of arrangement with the creditors of the company was
approved and registered, and the order of liquidation discharged.
Since then the directors have sought means of reviving the company.
They are currently negotiating with various parties with a view to
converting the company into one whose principal activity will be mineral
exploration and mining. As an integral part of these negotiations it is
intended to introduce an empowerment shareholder and to change the name of
the company to Udonga Exploration Limited.
Once these negotiations are successfully concluded, the company will make
application to the JSE to lift the suspension of the trading in the
company's shares on the JSE.
Further announcements advising of progress will be made in due course.
Durban
8 February 2002
SPONSOR
SASFIN BANK LIMITED
(Registration number 1951/002280/06)
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