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Onelogix - Transfer Of Listing To The Alternative Exchange (`AltX`), Appointment
To The Board, Trading Update And Cautionary Announcement
Onelogix Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
Share code OLG ISIN: ZAE000026399
(`Onelogix` or `the company`)
TRANSFER OF LISTING TO THE ALTERNATIVE EXCHANGE (`AltX`), APPOINTMENT TO THE
BOARD, TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
1. Introduction
Java Capital is pleased to announce that the JSE Securities Exchange South
Africa (`JSE`) has formally approved the transfer of the listing of Onelogix to
AltX with effect from commencement of business on Thursday, 27 May 2004. Java
Capital has been appointed as Designated Advisor to the company.
2 Notice in compliance with JSE Listings Requirements for AltX (`Listings
Requirements`)
In compliance with the Listings Requirements, shareholders are advised of the
risks of investing in a company listed on AltX. The JSE does not guarantee the
viability or success of a company listed on AltX. In terms of Listings
Requirements, the company is obliged to appoint and retain a Designated Advisor,
which is required to, inter alia, attend all board meetings held by the company
to ensure that all JSE Listings Requirements and applicable regulations are
complied with, approve the financial director of the company and guide the
company in a competent, professional and impartial manner. If the company fails
to retain a Designated Advisor it must make arrangements to appoint a new
Designated Advisor within 10 business days, failing which the company faces
suspension of trading of its securities. If a Designated Advisor is not
appointed within a further one month, the company faces the termination of its
listing without the prospect of an appropriate offer to minorities.
3 Appointment of non-executive chairman
Andrew Brooking, a director of Java Capital (Proprietary) Limited, has been
appointed as the non-executive Chairman of Onelogix with effect from Thursday,
27 May 2004.
4 Trading update and cautionary announcement
Shareholders are advised that Onelogix expects a substantial increase in
earnings per share and headline earnings per share and a material increase in
headlines earnings per share from continuing operations for the year ended 31
May 2004, compared to the corresponding annual financial period ended 31 May
2003. In terms of the JSE Listing Requirements `substantial` is defined as an
increase equal to or greater than 30%, and `material` is defined as an increase
between 10% and 30%.
The above information has not been reviewed or reported on by the company`s
auditors. Accordingly shareholders are advised to exercise caution when dealing
in the company`s securities until the release of the annual results, which is
expected in August 2004.
Johannesburg
26 May 2004
Designated Advisor
Java Capital (Proprietary) Limited
Date: 26/05/2004 04:30:16 PM Produced by the JSE SENS Department
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