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RLO - Reunert Limited - Reunert brings high court application against Holdsworth

Release Date: 27/03/2012 14:42
Code(s): RLO
Wrap Text

RLO - Reunert Limited - Reunert brings high court application against Holdsworth and Appchat Reunert Limited (Incorporated in the Republic of South Africa) (Registration number: 1913/004355/06) ISIN: ZAE000057428 Share Code: RLO ("Reunert") REUNERT BRINGS HIGH COURT APPLICATION AGAINST HOLDSWORTH AND APPCHAT Shareholders are advised that Reunert has instituted proceedings against John Charles Holdsworth, the ex-CEO and major shareholder of ECN Telecommunications (Pty) Ltd and his new business AppChat. Reunert seeks to enforce contractual restraint of trade and confidentiality undertakings given by Mr Holdsworth in favour of Reunert, following its acquisition of the ECN Telecommunications business in June last year. The business now operates as Nashua ECN, a Division of Reunert Limited. The undertakings are contained in Mr Holdsworth`s contract of employment and in the termination agreement entered into between Mr Holdsworth and Reunert when he left Reunert`s employment in November 2011. Sandton 27 March 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/03/2012 14:42:15 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.