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JASCO ELECTRONICS HOLDINGS LIMITED - Update on the Reflex Solutions Proprietary Limited acquisition

Release Date: 31/07/2019 13:50
Code(s): JSC     PDF:  
 
Wrap Text
Update on the Reflex Solutions Proprietary Limited acquisition

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the group”)

Update on the Reflex Solutions Proprietary Limited acquisition.

Shareholders are referred to the SENS announcement released on
19 July 2019 in which it was advised that the arbitration
process with the minority shareholders of Reflex Solutions was
concluded on 17 July 2019. As indicated, the arbitrator found
in favour of Jasco.

Shareholders are further advised that the parties have accepted
the outcome of the arbitration and have waived their respective
rights to appeal or review the arbitration award.


Midrand
31 July 2019

Sponsor: Grindrod Bank Limited

Date: 31/07/2019 01:50:00
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