Beige Holdings Limited - Update To Cautionary Anno
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, 16 May 2005 and 27
May 2005, shareholders are advised that the company has reached agreement with
Tura International LLC (`Tura`) relating to the supply agreement as regards
minimum volume levels for the period ended 31 March 2005, whereby a settlement
amount will be paid to Beige before the 28 February 2006.
Shareholders are, however, advised that the company remains in exclusive
acquisition negotiations, which could affect the price at which the company`s
securities trade and that they should accordingly continue to exercise caution
when dealing in securities until such time as a further announcement in this
regard is made.
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.
Johannesburg
30 June 2005
Designated Advisor
Arcay Corporate Services
Date: 01/07/2005 10:27:05
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