Beige Holdings Limited - Change In Directorship An
BEG
BEG
Beige Holdings Limited - Change In Directorship And Renewal Of
Cautionary Announcement
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161 Share code: BEG
CHANGE IN DIRECTORSHIP AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
In compliance with paragraph 3.59 of the Listings Requirements of the JSE
Limited, the board of directors of Beige advises that John Alexander ("Jack")
Noble has elected to resign as an executive of the company but to remain as a
consultant as and when required by the company. In recognition of the positive
contribution made by Jack since his appointment, the board has invited him to
continue to serve as a non-executive director of Beige, which appointment he has
accepted. The change from executive to non-executive will take place with
immediate effect.
Shareholders are referred to the cautionary announcement dated 14 June 2006 and
are advised that the negotiations referred to therein are still in progress.
As these negotiations may have a material effect on the price at which the
company"s securities trade on the JSE Limited, shareholders are advised to
continue to exercise caution when dealing in the company"s securities until a
full announcement is made.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on the AltX and that the JSE does not
guarantee the viability or the success of a company listed on the AltX. In
terms of the JSE Listings Requirements, a Designated Advisor has to be retained
by the company. The Designated Advisor is required, inter alia, to attend all
board meetings held by the company to ensure that all the 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 Advisor it must
make arrangements to appoint a new Designated Advisor within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Advisor is not appointed within 30 days of its suspension, the
company faces the termination of its listing without an offer to minorities.
Johannesburg
28 July 2006
Designated Advisor
Arcay Corporate Services
Date: 31/07/2006 07:30:04 AM Produced by the JSE SENS Department
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