WEA
WG Wearne Limited - Award of new contracts
W G Wearne Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(JSE code: WEA ISIN: ZAE000078002)
("Wearne" or "the company")
SUCCESSFUL AWARD OF NEW CONTRACTS TO WG WEARNE LIMITED ("Wearne")
The directors of Wearne are pleased to announce that new contracts of
approximately R68 million were recently awarded to Wearne for the delivery of
aggregates and ready mixed concrete. Both the new contracts will commence in
March 2006. These contracts cover an 18 month period.
Designated Adviser
Exchange Sponsors
21 February 2006
Warning: The listing of ordinary shares in the company is on ALTx. Investors
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a
company listed on ALTx. In terms of the Listings Requirements, the company is
obliged to appoint and retain a Designated Adviser, which is required to, inter
alia, attend all board meetings held by the company to ensure that all the
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
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its
securities. If a Designated Adviser is not appointed within 30 days of its
suspension, the company faces the termination of its listing without the
prospect of an appropriate offer to minority shareholders.
Date: 21/02/2006 07:59:31 AM Produced by the JSE SENS Department
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