MVELASERVE LIMITED - Further cautionary announcement

Release Date: 31/07/2013 11:00
Code(s): MVS
 
Wrap Text
Further cautionary announcement

MVELASERVE LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1999/003610/06
Ordinary share code: MVS
Ordinary share ISIN: ZAE 000151353
(“Mvelaserve” or “the Company”)

FURTHER CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement released on SENS on 19 June
2013 and in the press on 20 May 2013, and to the joint
announcements released by the Company with Bidvest Group Limited
("Bidvest") on SENS on 28 May 2013 and in the press on 29 May 2013
in respect of the firm intention letter received by the Company
from Bidvest ("Proposed Transaction"), shareholders are advised
that the independent board of directors, together with the
independent expert, are still formulating their opinions on the
Proposed Transaction which, when concluded, may have a material
effect on the price of the Company’s securities.

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

For all enquiries, please contact:
Mvelaserve communication advisor:
College Hill
Nick Williams or Frederic Cornet
011 447 3030

Johannesburg
31 July 2013

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Communications Advisors to Mvelaserve: College Hill

Date: 31/07/2013 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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