C-Tech - Termination Of Listing
Mashold Consolidated Investment Holdings Limited
trading as
COMMUNITY TECHNOLOGIES LIMITED
(registration number 1988/0033352/06)
Share code: CTH ISIN: ZAE000022323
("C-Tech" or "the company")
TERMINATION OF LISTING
Shareholders are referred to the announcement dated 28 June 2002 regarding the
acquisition by C-Tech of Harlequin Duck Properties 200 (Proprietary) Limited
("HDP") and via such acquisition a controlling interest in the Sindile Mining
business and, after completion of negotiations, the Calculus business.
To date the negotiations on Calculus have not yet been finalised. The directors
consider Calculus as an important asset in the restructured C-Tech.
After considering this, the current status of C-Tech, and the time required to
implement the acquisition of HDP the directors have concluded that they would
not be able to meet the deadlines agreed on with the JSE for publication of the
prescribed circular to shareholders and other regulatory requirements.
The directors have accordingly resolved to accept the termination of the listing
of C-Tech with effect from commencement of business on 14 August 2002, but to
reapply for a listing of the new group as soon as negotiations have been
completed and all regulatory and other requirements have been met.
Cape Town
13 August 2002
SPONSOR
EXCHANGE SPONSORS (PTY) LIMITED
(Registration number: 1999/024433/07)
Date: 13/08/2002 02:36:42 PM Produced by the JSE SENS Department
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