Spicer Holdings Limited - Announcement
Spicer Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/005392/06)
Share Code: SPI ISIN Code: ZAE000016309
("the Company")
Announcement
Shareholders are advised that further to the announcement of 12 December
2001 in which they were advised that, following the decision by the
Company`s principal bankers not to continue the facilities granted to the
group and in view of the uncertainty, the directors had requested that the
listing of the Company`s securities on the JSE Securities Exchange South
Africa ("JSE") be suspended with immediate effect.
Shareholders are advised that negotiations have been substantially completed
to dispose of the remaining assets in a manner which will allow for the
settlement of the obligations of the Company and an orderly winding down of
the Company. A further announcement in this regard will be made in the next
few weeks. In the meantime, the listing of the Company`s securities on the
JSE will remain suspended.
In order to facilitate the process and to provide for a quorum of directors,
Mr Johan George du Toit has been appointed to the Board of Directors.
2 July 2002
Johannesburg
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Corporate Adviser
Bishop Corporate Finance (Pty) Ltd
Attorneys
Werksmans Inc.
Date: 02/07/2002 04:56:08 PM Produced by the SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
