Beige - Renewal Of Cautionary Announcement And Change To The Board Of Directors
Beige Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1997/006871/06)
Share code: BEG ISIN code: ZAE000034161
(`Beige` or `the company`)
Director changes
Craig van Zeil will be resigning from the board with effect from 31 May 2005 and
will head up Beige`s operations in Australia. Lionel Karp will be appointed to
the board of Beige Australia as a non-executive director to oversee Beige`s
interests.
Renewal of cautionary announcement
Further to the cautionary announcement dated 29 March 2005, shareholders are
advised that the company is still in acquisition negotiations which could affect
the price at which its securities trade. In addition, negotiations with Tura
are being pursued with regard to agreed minimum volume levels. Accordingly,
shareholders are advised to exercise caution when dealing in their securities.
By order of the Board
John Rawlings Mark Di Nicola
Chairman Chief Executive Officer
16 May 2005
Johannesburg
In accordance with AltX Listings Requirements, shareholders are advised
of the risks of investing in a company listed on the AltX and that the
JSE does not guarantee the viability or the success of a company listed
on the AltX. In terms of the JSE Listings Requirements, a Designated
Advisor has to be retained by the company. The Designated Advisor is
required, inter alia, to attend all Board meetings held by the company
to ensure that all the 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 30
days of its suspension, the company faces the termination of its
listing without an offer to minorities.
Company Secretary and Registered Office
Arcay Client Support (Pty) Ltd (Registration number 1998/025284/07)
Arcay House, Number 3 Anerley Road, Parktown, 2193
PO Box 62397, Marshalltown, 2107
Directors
JH Rawlings Chairman**, MM Di Nicola Chief Executive Officer, IL
Stromin, MK von Berg, C van Zeil, KDD de Villiers*, LI Karp* GH
Pinches#, NP le Roux#
(*Non-executive **American #Alternate)
Designated Advisor Transfer Office
Arcay Corporate Services Ultra Registrar
Date: 16/05/2005 02:42:32 PM
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