Sallies Limited: Withdrawal Of Cautionary Announce
SALLIES LIMITED: WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
SALLIES LIMITED
(Incorporated in the Republic of South Africafr)
(Registration number 1903/001879/06)
JSE Share code: SAL ISIN: ZAE000022588
("the company")
Withdrawal of cautionary announcement
Shareholders are referred to the cautionary announcements dated
6 December 2001, 17 January 2002, 27 February 2002 and 10 April 2002,
respectively.
Acting in what the directors perceive to be the best interests of
Sallies shareholders, the shareholders are now advised that the
protracted negotiations between various parties that may potentially
have resulted in an offer being made to shareholders, have deadlocked.
Accordingly, caution is no longer required in dealing in the company`s
shares.
The board of directors continues to explore strategic opportunities
related to the growth and expansion of the business.
Johannesburg
23 May 2002
Sponsor
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
Date: 22/05/2002 05:10:00 PM Produced by the SENS Department
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