Jd Group - Further Cautionary And Hearing Dates Se
JD Group - Further Cautionary and Hearing Dates set by the Competition Tribunal
JD GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
Share code: JDG ISIN:ZAE000030771
("JD Group")
FURTHER CAUTIONARY ANNOUNCEMENT AND INFORMATION IN RESPECT OF THE HEARING DATES
SET BY THE COMPETITION TRIBUNAL
Further to the cautionary announcement dated 8 October 2002, in which
shareholders were advised that the Competition Commission had recommended to the
Competition Tribunal that the proposed transaction, in terms of which JD Group
and FirstRand Bank Limited have entered into a Memorandum of Understanding
regarding the proposed sale of the businesses of Profurn Limited to JD Group
("the proposed transaction"), be approved without conditions, the Competition
Tribunal hearing dates have now been set for 25, 29 and 30 November 2002.
JD Group will release its results for the year ended 31 August 2002 subsequent
to the Competition Tribunal hearings.
The proposed transaction is still conditional upon, inter alia, the approval of
the Competition Tribunal and the terms of the relevant documentation, including
comprehensive agreements, being concluded. A further announcement will be made
after the Competition Tribunal ruling.
Accordingly, shareholders are advised to continue to exercise caution when
dealing in JD Group securities until a further announcement is made.
Johannesburg
23 October 2002
Corporate Advisor Legal Adviser
and Transactional Sponsor to to JD Group
JD Group
Gensec Bank Limited Feinsteins
Date: 23/10/2002 10:00:00 AM 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
