To view the PDF file, sign up for a MySharenet subscription.

PPC PRESS RELEASE

Release Date: 22/09/2000 08:04
Code(s): PPC
Wrap Text
21 SEPTEMBER 2000
SLAGMENT/ (PPC)

ON 20 SEPTEMBER 2000 THE APPLICATION BROUGHT BY SLAGMENT (PTY) LTD (AND PPC) FOR AN ORDER SETTING ASIDE THE SEARCH WARRANTS ISSUED ON 2 AUGUST 2000 AND DIRECTING THAT ALL MATERIALS SEIZED UNDER THE WARRANTS BE RETURNED TO THE COMPANIES, WAS REFUSED BY THE COURT.
JOHN GOMERSALL, GROUP MANAGING DIRECTOR OF PPC, SAID: "THE COURT HOWEVER, GRANTED AN APPLICATION MADE ON BEHALF OF THE COMPANIES THAT EFFECTIVELY EXTENDS THE FREEZING OF THE DOCUMENTS SEIZED, THAT ARE LODGED WITH THE REGISTRAR OF THE HIGH COURT. THIS GIVES THE COMPANIES AN OPPORTUNITY TO CONSIDER THE JUDGEMENT AND TAKE ADVICE FROM THEIR LAWYERS ON APPEALING AGAINST THE JUDGEMENT REFUSING THE SETTING ASIDE OF THE WARRANTS." ENDS ISSUED BY:ANDREA VISSER MEROPA COMMUNICATIONS TEL : (011) 784-1008/082 571 2313 ON BEHALF OF:PPC CONTACT: JOHN GOMERSALL TEL : (011) 488-1700

Share This Story