To view the PDF file, sign up for a MySharenet subscription.

HUGE GROUP LIMITED - Cancellation of Share Option Agreement with a past director of Huge Telecom (Pty) Ltd

Release Date: 21/08/2013 17:46
Code(s): HUG     PDF:  
Wrap Text
Cancellation of Share Option Agreement with a past director of Huge Telecom (Pty) Ltd

HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG     ISIN: ZAE000102042
(“Huge Group” or “the Group” or “the Company”)


CANCELLATION OF SHARE OPTION AGREEMENT WITH A PAST
DIRECTOR OF HUGE TELECOM PROPRIETARY LIMITED


Shareholders are referred to the announcement dated 15
July 2013 detailing the exercise of a call option in
terms of a Call Option Agreement concluded with Managoran
Pillay, a former director of Huge Telecom Proprietary
Limited (“the Pillay Agreement”), and are advised that
the Pillay Agreement has been cancelled in terms of a
Cancellation Agreement entered into by the parties
concerned on 20 August 2013 (“the   Cancellation
Agreement”).

No rights or obligations arising out of the Pillay
Agreement, shall be enforceable, and any exercise or
purported exercise of a call option in terms of the
Pillay Agreement, is void and of no further force or
effect.

Johannesburg
21 August 2013

Designated Advisor
Arcay Moela Sponsors Proprietary Limited

Date: 21/08/2013 05:46:00 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.

Share This Story