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MMG - MICROmega - Update of disposal of BTM Manufacturing (Proprietary) Limited

Release Date: 14/02/2008 17:30
Code(s): MMG
Wrap Text

MMG - MICROmega - Update of disposal of BTM Manufacturing (Proprietary) Limited ("BTM")and renewal of cautionary announcement MICROmega HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/003821/06) (Share code: MMG & ISIN: ZAE000034435) ("MICROmega" or "the group") UPDATE OF DISPOSAL OF BTM MANUFACTURING (PROPRIETARY) LIMITED ("BTM")AND RENEWAL OF CAUTIONARY ANNOUNCEMENT 1. DISPOSAL OF BTM Further to the announcement dated 11 January 2008, MICROmega Shareholders are advised that the proposed disposal of BTM Manufacturing (Proprietary) Limited to Autovest Limited has not taken place due to the non- fulfilment of the conditions precendent. 2. RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are further advised that in continuation of the cautionary announcement dated 11 January 2008, MICROmega is in negotiations to acquire the entire shareholding in Kolbenco (Proprietary) Limited, a first tier OEM supplier. If these negotiations are successfully concluded, it may have an effect on the price at which the company`s securities trade on the JSE Limited. Accordingly, shareholders are advised to exercise caution when dealing in MICROmega securities, until such time as a full announcement is made. Sandton 14 February 2008 Sponsor: Investec Bank Limited Date: 14/02/2008 17:30:01 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.

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