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MMG - MICROmega Holdings Limited - Transfer of Sector

Release Date: 22/12/2006 10:43
Code(s): MMG
Wrap Text

MMG - MICROmega Holdings Limited - Transfer of Sector MICROmega Holdings Limited (Registration number 1998/003821/06) (Incorporated in the Republic of South Africa) ISIN code: ZAE000034435 & Share code: MMG ("MICROmega" or "the Group") TRANSFER OF SECTOR Shareholders are advised that the listing of MICROmega`s ordinary shares will be transferred from the "Speciality Finance" sub-sector within the "General Financial" sector to the "Business Support Services" sub-sector within the "Support Services" sector of the JSE Lists, with effect from the third Friday of December 2006, being Friday 22 December 2006. MICROmega listed in 1998, in the Speciality and Other Finance sector. At the time, the group`s core business was the provision of inter-dealing broking services. Since the time of listing, MICROmega has diversified its interests into many different sectors within the South African economy, and the company profile has changed significantly, incorporating the following services, amongst others: inter-dealing broking; revenue management solutions; web-based software and information visualisation solutions; importation and distribution of power supply solutions; manufacture and distribution of automotive components; employment outsourcing services; risk management services; and occupational health and safety services. The board of MICROmega were thus of the opinion that the sector under which the company currently trades does not reflect the true nature of the company`s business, and believe that a transfer to the "Business Support Services" sub- sector would more correctly reflect the nature of the group`s business. A successful application was made to the JSE in this regard, resulting in the transfer of sector to the "Business Support Services" sub-sector of the "Support Services" sector of the JSE Lists. 22 December 2006 Sponsor: Vunani Corporate Finance (Pty) Ltd Date: 22/12/2006 10:43:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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