Across - Cautionary Announcement and Renewal of Pr
ACC
ACC
Across - Cautionary Announcement and Renewal of Previous Cautionary Announcement
ACC-ROSS HOLDINGS LIMITED
(Formerly Le-Sel Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/000059/06)
Share code: ACC & ISIN: ZAE000077335
("AccRoss" or "the company")
CAUTIONARY ANNOUNCEMENT AND RENEWAL OF PREVIOUS CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the company has entered into negotiations with a
potential strategic shareholder, which if successfully concluded may have an
effect on the price at which the company"s securities trade on the JSE Limited.
In addition, following the cautionary announcement published on SENS on 04
October 2006, shareholders are advised that the company is close to finalising
its acquisition of the remaining interest in Lizard Point from various parties,
details of which will be announced in due course.
Shareholders are accordingly 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
16 November 2006
Designated Advisor
Arcay Moela Sponsors
Date: 16/11/2006 03:42:03 PM Produced by the JSE SENS Department
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