MICROmega Holdings Limited - Results Of General Me
MMG
MMG
MICROmega Holdings Limited - Results Of General Meeting
MICROmega Holdings Limited
(Registration number 1998/003821/06)
(Incorporated in the Republic of South Africa)
ISIN code:ZAE000034435 Share code: MMG
("MICROmega" or "the Group")
RESULTS OF GENERAL MEETING
Shareholders of MICROmega are advised that at the general meeting of
shareholders of the company held at 10:00am on Wednesday, 11 January 2006, the
resolutions proposed in order to dispose of 50% of MICROmega"s shareholding in
MICROmega Revenue Management Solutions (Pty) Limited ("MRMS") to Mzimkhulu
Financial Services (Pty) Limited, for a consideration of R32,5 million, were
passed by the requisite number of shareholders.
MRMS is South Africa"s largest revenue management service provider to Local
Government. The business has been in existence for more than thirty years and
boasts a client base that includes three of the six metropolitans. In addition,
the transaction represents a substantial empowerment deal for the company.
The cautionary announcement dated 9 January 2006 is, however, still in effect,
and as a result, shareholders are advised to continue to exercise caution when
dealing in their MICROmega shares.
11 January 2006
Sponsor: LPC Manhattan Moela (Pty) Ltd
Date: 11/01/2006 05:19:03 PM Produced by the JSE SENS Department
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