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

POYNTING HOLDINGS LIMITED - Update to the renewal of cautionary announcement

Release Date: 03/09/2014 09:00
Code(s): POY     PDF:  
Wrap Text
Update to the renewal of cautionary announcement

POYNTING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1997/011142/06)
Share code: POY ISIN: ZAE000121299
(“Poynting” or “the Company”)


UPDATE TO THE RENEWAL OF CAUTIONARY ANNOUNCEMENT




Shareholders are referred to the renewal of cautionary announcement dated 27 August 2014 regarding
the acquisitions of Poynting Europe and Radio Networks Solutions Proprietary Limited (“RNS”).

Shareholders are hereby advised that, with regards to the 100% acquisition of Poynting Europe, a final
binding agreement will not be concluded and that negotiations have therefore been terminated. Poynting
Europe is currently the exclusive distributor of Poynting’s commercial antenna products in the European
market. Poynting will continue to evaluate how to most effectively grow the European market.

Shareholders are however advised that, with regards to the acquisition of RNS (“RNS Acquisition”), to
continue exercising caution when dealing in the Company’s securities, until a further announcement
incorporating the pro forma effects of the RNS Acquisition is made.

Johannesburg
3 September 2014

Designated Adviser
Merchantec Capital

Date: 03/09/2014 09:00:00 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