m Cubed - Circular regarding disposals previously announced and General Meeting
m CUBED HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1998/014568/06)
Share code: MCU & ISIN: ZAE000033353
("m Cubed" or "the Company")
- CIRCULAR REGARDING DISPOSALS PREVIOUSLY ANNOUNCED and general meeting
- Disposal of m Cubed"s interest in Advantage Asset Managers (Proprietary)
Limited ("Advantage")
CIRCULAR TO SHAREHOLDERS AND general meeting
Shareholders are referred to the announcement of 4 July 2005 regarding the
disposal by the company of:
- m Cubed Life Limited and associated divisions;
- Automated Outsourcing Services Limited;
- m Cubed Unit Trust Management Company Limited;
- m3 Capital Management (Guernsey) Limited;
- Policy Exchange (Proprietary) Limited; and
- 74,99% of Escher UK Asset Management Limited,
(collectively "the disposals"),
for an aggregate disposal consideration of R234 million, payable in cash.
A circular to m Cubed shareholders containing details of the disposals and
notice of a general meeting for the approval thereof, convened for Monday, 5
December 2005 at 12:00, will be posted today.
Disposal of MCUBED"S interest in advantage and further cautionary announcement
Shareholders are advised that m Cubed has received an offer from Momentum
International Multi-Managers (Proprietary) Limited for its entire interest in
Advantage, for a cash consideration of R140 million ("the Advantage disposal").
The Board of m Cubed has accepted the offer, subject to approval by m Cubed
shareholders in general meeting and other regulatory approvals.
m Cubed shareholders are advised to continue to exercise caution in the trading
of their shares until a further announcement, including the financial effects of
the Advantage disposal, is made.
Johannesburg
17 November 2005
Corporate adviser and sponsor
- PSG CAPITAL -
Date: 17/11/2005 05:45:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
