DNA - Cautionary Announcement
DNA Supply Chain Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004875/06)
Share code: DNA
ISIN: ZAE000022794
("DNA" or "the Company")
CAUTIONARY ANNOUNCEMENT
Introduction
Chartwell Capital Group (Proprietary) Limited and Standard Corporate and
Merchant Bank are authorised to announce that there are several developments
relating to DNA, which the Board would like to communicate to shareholders.
Introduction of a strategic partner
The Board of DNA has resolved to enter into negotiations with a view to
introducing a strategic partner as a shareholder in DNA. This move will be in
line with the Company`s stated intention of introducing a long-term partner that
will enable DNA to capitalise on the substantial opportunities within the supply
chain environment. Negotiations are currently in the preliminary stages and
further information will be released to shareholders as and when negotiations
progress.
Disposal of Sensormatic (Proprietary) Limited ("Sensormatic")
The Company has agreed in principle to dispose of its entire interest in
Sensormatic to the original vendor. Further details of this transaction will be
announced in due course.
Caution to shareholders
As a result of the above developments, DNA shareholders are advised to exercise
caution when dealing in the Company`s shares until a further announcement is
made.
The proposed investment in DNA Micor by a Black Empowerment Company ("the
proposed BEC transaction")
Shareholders are referred to the press announcements of 15 July 2002 and
13 September 2002 in relation to the proposed BEC transaction. A circular to
shareholders containing full details of the proposed BEC transaction was posted
to shareholders yesterday.
Sandton
31 October 2002
Corporate Adviser
Chartwell Capital Group (Pty) Ltd
(Registration number 1991/027720/07)
Merchant bank and sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Attorneys
Fluxmans Inc.
(Registration number 2000/024775/21)
Date: 31/10/2002 05:15:01 PM Produced by the JSE SENS Department
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