("Treacle") Of An Interest In ERP.com Holdings Limited
ERP.com Holdings Limited
ERP.com
ISIN Code: ZAE000019311
("ERP")
ACQUISITION BY TREACLE VENTURE PARTNERS ("TREACLE") OF AN INTEREST IN
ERP.COM HOLDINGS LIMITED
As previously communicated to the JSE and the investment community, in
October 2001 Treacle acquired a 14,5% interest in ERP.com Holdings Limited
for a consideration of R5,8 million. This coincided with the appointment of
Rudolf Pretorius, a partner in Treacle, to the ERP.com Holdings Limited
board of directors.
Treacle subscribes to the practice of good corporate governance and believes
that it is in the best interests of all stakeholders to inform the
investment community of its dealings in ERP.com securities.
At the time of the initial investment Treacle indicated that it was their
intention to grow their stake in ERP.com. Treacle today acquired a further 6
436 005 shares bringing Treacle's current equity interest to 19,75%.
Johannesburg
23 April 2002
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