JCI Limited - CEO - Peter Gray, Issues The Following Update To Shareholders
JCI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1894/000854/06)
Share Code: JCD (Suspended) ISIN: ZAE000039681
Debenture Code: JCDD (Suspended) ISIN: ZAE000039699
("JCI" or "the Company")
CEO - PETER GRAY, ISSUES THE FOLLOWING UPDATE TO SHAREHOLDERS:
As shareholders may realise, the reconstitution of the Board of JCI, the tragic
death of Mr RB Kebble, and the appointment of new auditors have inevitably led
to some delay in the finalisation of the financial statements of JCI.
Publication of the Annual Financial Statements:
KPMG is completing the audit of the accounts for the financial year ended 31
March 2005, including the work already done by the previous auditors, Charles
Orbach & Company.
Publication of the Annual Report is now targeted for end-November 2005.
Shareholders will be notified should this date change.
Further review:
The Board has appointed a forensic auditor to assess various transactions, and
any other issues identified by KPMG and the directors.
Commitment to transparency and accuracy:
The Board wishes to emphasise that the delay in commenting in detail at the
present time is a consequence of the strenuous efforts being made to ensure,
insofar as possible, that accurate information is conveyed to shareholders.
The Board is committed to publishing a full account of the affairs of JCI, when
such information has been independently verified.
In addition to the foregoing, the Company will issue updates on SENS should the
need arise.
12 October 2005
Johannesburg
Sponsor
Sasfin Corporate Finance
(A division of Sasfin Bank Limited)
Date: 12/10/2005 05:07:05 PM Produced by the JSE SENS Department
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