Joint announcement by R&E and JCI
Shareholders update on Settlement negotiations
Shareholders are referred to the SENS announcement released on 22 July 2008 where R&E and JCI informed shareholders that a Memorandum of Understanding (“MOU”) was signed between the parties. Amongst various conditions, the MOU provided for a period of 21 days in which the companies were expected to sign a full and final settlement agreement.
The parties have subsequently agreed to extend the 21 day period to 25 August 2008.Shareholders will be kept informed of developments.
19 August 2008
A division of Sasfin Bank Limited
Date: 19/08/2008 15:52:01 Produced by the JSE SENS Department.
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