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ARDOR SA LIMITED - Cautionary Announcement

Release Date: 09/04/2013 16:24
Code(s): ARD     PDF:  
Wrap Text
Cautionary Announcement

Ardor SA Limited
(formerly Decillion Limited)
(Registration number: 1998/011692/06)
(Incorporated in the Republic of South Africa)
JSE code: ARD   ISIN: ZAE000165569
("Ardor" or "the Company")


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the detailed cautionary announcement
released on SENS on, 6 January 2013 which advised shareholders that the
Company advises that it is still in the process of securing cash from
various subscribers in order to provide guarantees to enable the transfer
of various properties to Ardor and renewal of cautionary announcement
dated 21 February 2013.

Investors who subscribed for the amount of R359 500 000 in the equity of
Ardor SA were unable to have their subscription payment released from
Cyprus banks were the funds were held.      These investors are making
alternative arrangements and proposed to enter into a new subscription
agreement once the new investment company structures have been set up
elsewhere.

Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company`s securities until a further announcement is made.

JOHANNESBURG
9 April 2013


SPONSOR
Arcay Moela Sponsors Proprietary Limited

Date: 09/04/2013 04:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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