CS Computer Services Holdings Limited - Trading Statement And Cautionary
Announcement
CS COMPUTER SERVICES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/015131/06)
Share code: CSH
ISIN: ZAE000022034
("CS Holdings")
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa ("JSE"), a listed company is required to publish a trading statement as
soon as it becomes aware that the financial results for the next period to be
reported on will be substantially ("substantially" equating to equal to or above
30% as defined in the Listings Requirements of the JSE) different from those of
the previous corresponding period.
Accordingly, shareholders are advised that, it is anticipated that:
The earnings of CS Holdings for the financial year ending 30 June 2004 will be
substantially lower than those of the preceding financial year, and;
The net asset value of CS Holdings at 30 June 2004 will be substantially lower
than the net asset value at 30 June 2003.
As this trading statement has not been reviewed or reported on by CS Holdings"
auditors, shareholders are advised to exercise caution when dealing in their CS
Holdings shares until the audited results for the year ended 30 June 2004 are
published.
CS Holdings shareholders are also referred to the cautionary announcement dated
23 April 2004 stating that discussions are taking place between Reunert Limited
("Reunert") and CS Holdings regarding a potential offer for the shares in or the
underlying assets and liabilities of CS Holdings for an effective cash
consideration of 35 cents per CS Holdings share ("the proposed transaction"). A
further announcement with regard to the proposed transaction will be made as
soon as possible.
Johannesburg
28 April 2004
Sponsor:
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Date: 28/04/2004 01:48:07 PM Produced by the JSE SENS Department
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