Beige Holdings Limited - Update To Cautionary Announcement
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`)
UPDATE TO CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements dated 29 March 2005 and 16 May 2005,
shareholders are advised that the company has now entered an exclusivity phase
with a potential seller of a business operating in a field which would be
complementary to Beige, which could affect the price at which Beige securities
trade. In addition, negotiations with Tura are still ongoing with regard to a
possible recovery of costs related to agreed minimum volume levels during the
previous 12 months. Accordingly, shareholders are advised to continue to
exercise caution when dealing in their securities.
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.
By order of the Board
John Rawlings Mark Di Nicola
Chairman Chief Executive Officer
27 May 2005
Johannesburg
Designated Advisor Transfer Office
Arcay Corporate Services Ultra Registrar
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