Johnnic - Press Announcement
JOHNNIC HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1889/000429/06)
ISIN: ZAE000024352
Share Code: JNC
("Johnnic")
ANNOUNCEMENT
Further to the announcements dated 13 January and 14 February 2003, in which
Johnnic stated that it was investigating various options with regard to its
shareholding in Johnnic Communications Limited ("Johncom"), the board of
directors of Johnnic ("the board") wishes to announce that, following work
undertaken by its corporate advisers, a transaction involving a possible
disposal of Johnnic`s shareholding in Johncom is not currently feasible.
The board will, however, continue to look at ways of unlocking shareholder
value.
5 March 2003
Date: 06/03/2003 07:00:02 AM Supplied by www.sharenet.co.za
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