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Update Announcement and Renewal of Cautionary
AH-Vest Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL ISIN code: ZAE000129177
(“AH-Vest” or “the Company”)
UPATE ANNOUNCEMENT AND RENEWAL OF CAUTIONARY
Shareholders are referred to cautionary announcement incorporated in
the interim results for the six months ended 30 September 2012
(“interim results”) as released on SENS on 14 January 2013 and are
advised that with regard to the advice to exercise caution in respect
of the cancellation by JR 209 Investments (Pty) Ltd (“the landlord”)
of the lease agreement entered into in respect of the premises known
as Twenty One Industrial Estate, the Company has now received summons
in terms of which the landlord has claimed, in the first instance, an
amount of R42 523 377, plus interest at prime plus 2% calculated from
15 February 2013 to date of payment; and in the alternative, an
amount of R9 272 401.60, plus interest at prime plus 2% from date of
summons to date of payment. The Company has filed an intention to
defend both of these claims and shareholders will be kept informed of
any further developments in this regard.
With regard to the cautionary relating to the stock concerns
following the relocation of the head office facilities, the Company
is in the process of implementing a new accounting system and
shareholders are accordingly advised to continue to exercise caution
when dealing in the Company’s securities until a further announcement
on the stock is made.
Johannesburg
22 April 2013
Designated Advisor
Arcay Moela Sponsors (Pty) Ltd
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