Metrofile Holdings Limited - Settlement of legal m
Metrofile Holdings Limited - Settlement of legal matter
Metrofile Holdings Limited
(Formerly MGX Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN: ZAE000061727
("Metrofile Holdings" or "the Group")
SETTLEMENT OF LEGAL MATTER
Shareholders of Metrofile Holdings are referred to the announcement dated 28
September 2005 stating that in February 2002 Motswedi Technology Group
(Proprietary) Limited ("Motswedi") initiated a claim for damages against the
Group through arbitration proceedings. The Group in turn initiated actions
against Motswedi.
Metrofile Holdings is pleased to announce that another legacy of the Metrofile
Holdings" history has been resolved in that on 13 October 2005 the Group settled
the High Court action and the arbitration proceedings with Motswedi, with no
financial implications for the Group in the current financial year as full
provisions were made in prior years.
Johannesburg
21 November 2005
Sponsor
Standard Bank
Date: 21/11/2005 05:30:03 PM Produced by the JSE SENS Department
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