NEW CLICKS HOLDINGS LIMITED - DISPOSAL OF NEW CLICKS AUSTRALIA (PTY) LTD
NEW CLICKS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/000645/06)
JSE Share code: NCL
ISIN: ZAE000014585
("NCH")
DISPOSAL OF NEW CLICKS AUSTRALIA (PROPRIETARY) LIMITED ("NCA")
Further to the announcement dated 5 January 2004, Investec Bank Limited is
authorised to announce that the conditions precedent to the agreement, in terms
of which NCH and its wholly owned subsidiary, New Clicks International Holdings
NV (together "New Clicks"), agreed to dispose of New Clicks" interest in NCA
("the disposal") to Synapse Holdings (Proprietary) Limited, a company owned by a
consortium of private equity funders, have been met. Accordingly, the disposal
has become unconditional.
In accordance with section 3.59 of the Listings Requirements of the JSE
Securities Exchange South Africa, shareholders are advised that Mr Jeff Sher has
resigned as executive director of NCH with effect from 13 February 2004. It was
previously indicated that Mr Sher would resign on the completion of the sale
agreement.
Sandton
17 February 2004
Merchant Bank:
Investec Corporate Finance
Sponsor:
Investec Bank Limited
Attorneys:
Sonnenberg Hoffman Galombik
Date: 17/02/2004 01:40:02 PM Supplied by www.sharenet.co.za
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