SPESCOM -
SPESCOM LIMITED
(Registration number 1987/001083/06)
(Incorporated in the Republic of South Africa)
Share code: SPS ISIN: ZAE000017919
("Spescom"or "the company")
WITHDRAWAL OF CAUTIONARY
Shareholders are referred to the cautionary announcements dated 4 August 2003
and 16 September 2003 respectively in which shareholders were advised that
initiatives with regard to the reduction of the debt were of high priority and
continuing.
Shareholders are now advised that as a result of:
* Continued good trading conditions;
* Good cash flow management;
* The finalisation of arrangements to convert a significant portion of the
company"s short term debt to medium term debt;
* The conclusion of a favourable agreement with a customer, which will
facilitate and sustain the company"s technological development activities;
* Successful fund raising by the company"s US subsidiary,
the concerns leading to the issue of the cautionary announcement no longer
exist.
Accordingly caution is no longer required to be exercised by shareholders when
dealing in their securities.
Shareholders are further advised that certain other initiatives pertaining to
Black Economic Empowerment are being pursued. Further information will be
provided to shareholders in due course.
JOHANNESBURG
16 October 2003
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 16/10/2003 09:35:39 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
