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TKG - Telkom SA Limited - Telkom Media

Release Date: 25/03/2009 10:00
Code(s): TKG
Wrap Text

TKG - Telkom SA Limited - Telkom Media Telkom SA Limited (Registration number 1991/005476/06) JSE and NYSE share code: TKG ISIN: ZAE000044897 ("Telkom") Telkom Media On 31 March 2008, Telkom announced its intention to significantly reduce its shareholding in Telkom Media (Proprietary) Limited (registration number 2006/003303/07 "Telkom Media" or the "Company"). Since the above decision, Telkom Media has reduced its operational expenses and commitments to a minimum. An extensive process to identify potential buyers of Telkom`s interest in Telkom Media has proved unsuccessful. Telkom, a shareholder of Telkom Media, intends calling the necessary shareholder meetings to seek the approval for the winding up of Telkom Media. It is anticipated that the meeting will be held within the next 30 days. To date, Telkom has fully impaired all of its investments in Telkom Media. Sponsor: UBS South Africa (Pty) Ltd 25 March 2009 Date: 25/03/2009 10:00:01 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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