EC-Hold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/020093/06)
JSE Share code: ECH ISIN: ZAE000016705
("EC-Hold")
FURTHER CAUTIONARY ANNOUNCEMENT
Subsequent to the further cautionary announcement dated 11 March 2002,
the Securities Regulation Panel ("SRP") announced on 18 March 2002 that it
had rejected the appeal of MGX Holdings Limited ("MGX") and the Mandy
Rebecca Price Trust against a previous ruling of the Executive Committee of
the SRP and ordered them to make an unconditional offer of R2,40 per EC-Hold
share to all parties who were shareholders of EC-Hold on 11 October 1999.
On 19 March 2002 MGX informed its shareholders that it maintains that no
concert party activity occurred with respect to share dealings in EC-Hold
shares. MGX will, therefore, continue to consider alternative courses of
action, taking all of its stakeholders into consideration.
Reasons for the ruling have been called for and the SRP has undertaken to
furnish them.
Accordingly, EC-Hold shareholders are advised to continue to exercise
caution when dealing in their shares until a further announcement is made.
Johannesburg
30 April 2002
Sponsor
Brait
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