MGX HOLDINGS LIMITED - DELAY IN THE PUBLICATION OF FINANCIAL RESULTS AND TRADING
UPDATE
MGX Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MGX
ISIN: ZAE000009262
("MGX" or "the Company")
DELAY IN THE PUBLICATION OF FINANCIAL RESULTS AND TRADING UPDATE
1. PUBLICATION OF FINANCIAL RESULTS
Shareholders are advised that, due to delays being experienced in assessing the
ongoing impact of the several disposals that MGX is in the process of
implementing and the proposed refinancing of the Company, the financial results
of MGX for the financial year ended 30 June 2003 will only be published towards
the end of October 2003.
2. TRADING STATEMENT
Shareholders are further advised that MGX will report a headline loss per share
for the financial year ended 30 June 2003, which will be a substantial reduction
relative to the headline earnings for the prior comparative period. MGX does not
yet have a reliable estimate of earnings per share for the year ended 30 June
2003, as exceptional items are still being reconciled.
3. CAUTIONARY STATEMENT
The earnings and headline earnings for the financial year ended 30 June 2003
have not yet been reviewed and reported on by MGX"s auditors. Shareholders are
therefore advised to exercise caution when dealing in the Company"s shares on
the JSE Securities Exchange South Africa, until the financial results for the
financial year ended 30 June 2003 are published.
8 October 2003
Sandton
Sponsor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Date: 08/10/2003 04:34:17 PM Produced by the JSE SENS Department
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