Paracon/ Mgx - Withdrawal Of Joint Cautionary Anno
Paracon/ MGX - WITHDRAWAL OF JOINT CAUTIONARY ANNOUNCEMENT
Paracon Holdings Limited MGX Holdings Limited
Incorporated in the Republic Incorporated in the Republic
of South Africa of South Africa
Registration number Registration number
1997/008181/06 1993/02467/06
Share code PCN Share code MGX
ISIN Number ZAE 000029674 ISIN Number ZAE000009262
("Paracon") ("MGX")
WITHDRAWAL OF JOINT CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements dated 2 July 2002 and 20 August 2002,
regarding the potential acquisition ("the acquisition") by Paracon of a 100%
shareholding in MGX Software Futures (Proprietary) Limited, shareholders are
advised that Paracon and MGX have been unable to reach agreement on the final
terms of the acquisition. These negotiations have therefore been terminated.
Shareholders of Paracon and MGX are therefore no longer required to exercise
caution when dealing in Paracon and MGX shares.
Johannesburg
4 September 2002
Investment bank and transaction Joint advisor to MGX
sponsor to Paracon
Nedcor Investment Bank Gensec Bank
Attorneys to Paracon Joint advisor and sponsor
to MGX
Werksmans Inc SCMB
Corporate law advisor to
MGX
Brait
Date: 04/09/2002 08:55:00 AM Produced by the JSE SENS Department
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