ISA
ISA
ISA Holdings Limited - Cautionary Announcement
ISA HOLDINGS LIMITED (formerly Y3K GROUP LIMITED)
("ISA", "the company" or "the group")
(Registration number: 1998/009608/06)
JSE share code: ISA (formerly YHK)
ISIN code: ZAE000067344 (formerly ZAE000017208)
Cautionary Announcement
In accordance with the AltX Listings Requirements, shareholders are advised of
the risks of investing in a company listed on AltX and are advised that the JSE
does not guarantee the viability or the success of a company listed on AltX. In
terms of JSE Listings requirements a Designated Adviser has to be retained by
the company. The Designated Adviser is required to, inter alia, attend all board
meetings held by the company to ensure that all JSE 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 an offer to minorities.
In terms of the section 5.50 to 5.52 and section 21.8 of the JSE Listing
Requirements pertaining to issue of shares for cash, the company hereby
announces that it has entered into negotiations with potential Black Economic
Empowerment partners to acquire up to 32.5% of the equity securities of the
group by way of a new issue of shares for cash.
Shareholders are advised that the company has entered into negotiations, as
described above, which if successfully concluded may have a material effect on
the price of the company"s securities. Accordingly, shareholders are advised to
exercise caution when dealing in the company"s securities until a full
announcement is made.
Randburg
4 May 2006
Designated Advisor: River Sponsors
Date: 04/05/2006 04:41:08 PM Produced by the JSE SENS Department
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