JIGSAW HOLDINGS LIMITED - ANNOUNCEMENT TO JIGSAW S
JIGSAW HOLDINGS LIMITED - ANNOUNCEMENT TO JIGSAW SHAREHOLDERS REGARDING
MORTGAGESA.COM (PROPRIETARY) LIMITED ("Mortgagesa")
JIGSAW HOLDINGS LIMITED
(Registration No:1987/00011/06)
("Jigsaw" OR "the company")
JSE CODE: JGS - ISIN CODE: ZAE000018370
ANNOUNCEMENT TO JIGSAW SHAREHOLDERS REGARDING MORTGAGESA.COM (PROPRIETARY)
LIMITED ("MortgageSA")
Further to the cautionary announcement published by Jigsaw Holdings Limited
("Jigsaw") within their interim results on 26 November 2002 Jigsaw wishes to
announce, for information purposes only, that:
1. Jigsaw has appointed MortgageSA as its exclusive provider of mortgage
origination services to Jigsaw`s real estate subsidiaries, being AIDA, ERA
and Realty 1 Elk, and their homebuyer clients ("the agreement").
2. The agreement will enable Jigsaw and MortgageSA to:-
2.1 leverage the synergies and opportunities created through a cohesive brand
maximization strategy;
enhance their strategic positioning in the bond origination market;
leverage MortgageSA`s national infrastructure and core competency in
mortgage sales and processing;
3. The arrangement will also enable Jigsaw to focus on its primary business in
the property arena and to improve Jigsaw`s overall service offering to its
real estate network and home buyer clients.
- Corporate advisor and
Sponsor to Jigsaw
The Janus Corporation (Pty) Ltd
Legal advisor
to MorgageSA
Bernadt Vukic Potash & Getz
Corporate advisor
to MortgageSA
Corpcapital
26 November 2002
Date: 27/11/2002 05:24:37 PM Produced by the JSE SENS Department
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