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

SIH - INTENTION TO RECAPITALISE THE COMPANY & RECONSTITUTE THE BOARD

Release Date: 05/02/2001 08:16
Code(s): SKJ
Wrap Text
Sekunjalo Investments Holdings (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1998/008480/07)
("SIH" or "the company")

Announcement regarding the intention to recapitalise the company and reconstitute the board
SIH is pleased to announce that a broad-based empowerment consortium comprising several leading empowerment companies, intends, subject to certain conditions precedent being met, investing an amount of R70 million into SIH.
SIH is the controlling shareholder in Sekunjalo Investments Ltd ("Sekunjalo"). The board of SIH, which will be reconstituted to include members of the new consortium, together with the board of Sekunjalo, are examining methods of recapitalising the Sekunjalo group. Cape Town 5 February 2001 Sponsor Sasfin Bank Limited (Registration number 1951/002280/06) Attorneys Mallinicks

Share This Story