ew Clicks Holdings Limited - Further Cautionary announcement
NEW CLICKS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/000645/06)
Share code: NCL ISIN: ZAE000014585
("New Clicks Holdings")
Further Cautionary announcement
In response to market speculation that followed the release of the cautionary
announcement dated 27 October 2003, the board of New Clicks Holdings believe
it is appropriate to briefly explain the cautionary announcement.
New Clicks Holdings is currently focused on the opportunities in its South
African healthcare initiative, given the recent change in legislation
regarding ownership of pharmacies in South Africa, and is refocusing the core
Clicks business in South Africa. Given these key initiatives in South Africa,
it would be inappropriate for New Clicks Holdings to commit resources to
Australia at this time. Accordingly, New Clicks Holdings have entered into
negotiations which may lead to the disposal of New Clicks Australia
(Proprietary) Limited at fair value.
If the negotiations are successful, they could have an impact on the price at
which New Clicks" shares trade on the JSE Securities Exchange South Africa.
New Clicks Holdings shareholders are accordingly advised to exercise caution
when dealing in their New Clicks Holdings shares until a further announcement
is made.
Sandton
29 October 2003
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 29/10/2003 05:39:05 PM Produced by the JSE SENS Department
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