GLOBAL TECHNOLOGY LIMITED - FURTHER CAUTIONARY ANN
GLOBAL TECHNOLOGY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/009809/06)
Share code GLT
ISIN ZAE000016820
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 22 April 2003, the Board of Global
Technology Limited ("Glotec" or "the company") wishes to advise shareholders
that a due and payable loan of approximately R29 million, which loan was secured
by Temenos Group AG ("Temenos") shares, was redeemed in terms of the loan
agreement through the disposal of approximately 3,1 million of these secured
shares. Glotec holds the balance of approximately 4,2 million Temenos shares
that are encumbered as security against other loans.
Furthermore, shareholders are advised that the company is still in discussions
that may have a material effect on the price of Glotec"s securities.
Shareholders are therefore advised to exercise caution in dealing in the
company"s securities until a full announcement is made.
By order of the board
Johannesburg
15 May 2003
Date: 15/05/2003 08:45:01 AM Supplied by www.sharenet.co.za
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
