Spectrum Shipping Limited - Further cautionary ann
SUM
SUM
Spectrum Shipping Limited - Further cautionary announcement
Spectrum Shipping Limited
Registration number: 1998/018118/06
Share code: SUM
ISIN: ZAE000037446
("Spectrum" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 29 July 2006, shareholders are
advised that negotiations are still in progress which, if successfully
concluded may have a material effect on the price of the company"s securities.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the company"s securities until a full announcement is made.
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised 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 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 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 minority shareholders.
11 August 2006
Designated Advisor
River Group
Date: 11/08/2006 10:53:02 AM Produced by the JSE SENS Department
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