Forim Holdings Limited - Cautionary Announcement
Forim Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1986/004111/06)
("Forim" or "the Company")
Share Code: FOM ISIN Number: ZAE000002689
CAUTIONARY ANNOUNCEMENT
The board of directors has decided that is no longer the strategy of the
company to be invested in fixed property, and that the resources that
are currently invested in these assets may be better utilised.
Shareholders are therefore advised that Forim has entered into
negotiations to sell these assets, or part thereof, by way of an
auction, that will take place on Wednesday, 9 October 2002.
There is no obligation on Forim to accept any of the offers resulting
from the auction. Should sales be concluded for either the entire, or
part of the portfolio, shareholders approval will be sought if required
in terms of the JSE Securities Exchange South Africa ("JSE") Listings
Requirements.
These fixed property sales may have an effect on the share price of the
Company`s securities on the JSE. Accordingly, shareholders are advised
to exercise caution when dealing in the Company`s securities until a
further announcement is made.
7 October 2002
Johannesburg
SPONSOR
SASFIN BANK LIMITED
Date: 07/10/2002 05:25:00 PM Produced by the JSE 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
