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LABAT AFRICA LIMITED - Company Update

Release Date: 14/01/2004 17:25
Code(s): LAB
Wrap Text

LABAT AFRICA LIMITED - Company Update LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) JSE Share code: LAB ISIN: ZAE000018354 ("Labat" or "the company") Company Update Labat is currently involved in discussions with Allied Technologies Ltd ("Altech"), relating to the card manufacturing portion of Altech"s card business, Africard, excluding the card personalisation activities thereof. The outcome of these discussions is dependent upon the obtaining of approval by the Competition Tribunal of Altech"s proposed purchase of control of NamITech Holdings Limited. Should this approval be obtained, Labat would enter into detailed discussions relating to a proposed purchase of the card-manufacturing portion of Africard, which transaction would in turn be conditional upon approval by the Competition Authorities. A further announcement will be made by the Company as and when the abovementioned issues have been resolved. 14 January 2004 Sponsor Brait Date: 14/01/2004 05:25:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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