PRISM HOLDINGS LIMITED - GIJIMA TECHNOLOGIES
PRISM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/018949/06)
Share code: PIM
ISIN: ZAE000022257
("Prism")
GIJIMA TECHNOLOGIES
(PROPRIETARY) LIMITED ("GIJIMA")
Further to the announcement dated 18 November 2003 regarding the conclusion of
an agreement between Prism and Gijima whereby a wholly-owned subsidiary of
Gijima would acquire a 25,1% equity stake in TSS ("the transaction"), Standard
Corporate and Merchant Bank is authorised to announce that the conditions
precedent to the transaction have been fulfilled and the first tranche payment
of R12,3 million has been received by Prism in accordance with the sale
agreement.
Subsequent to the completion of the transaction, TSS will be a "black empowered
company", as defined by the Black Economic Empowerment Commission, and will be
well positioned for the transformation of its business and to facilitate growth
in new areas.
Fourways
4 February 2004
Merchant bank and sponsor to Prism
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Corporate legal advisor to Prism
JAVA CAPITAL
Corporate law advisor to Gijima
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & Consultants
(Registration number 1999/026464/07)
Date: 04/02/2004 05:29:02 PM Supplied by www.sharenet.co.za
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