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METROFILE HOLDINGS LIMITED - Further Cautionary Announcement

Release Date: 30/03/2020 08:15
Code(s): MFL     PDF:  
Wrap Text
Further Cautionary Announcement

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1983/012697/06
JSE ordinary share code: MFL
ISIN: ZAE000061727
(‘‘Metrofile’’ or the “Company’’)


Metrofile's shareholders are referred to the cautionary announcement dated 4 March 2020 relating to
the ongoing discussions between the Company and the Housatonic Consortium regarding the potential
acquisition of the entire issued share capital of Metrofile.

The uncertainty arising from the COVID-19 pandemic, as well as the ongoing lockdown in South Africa,
has resulted in the Housatonic Consortium not being in a position to be able to finalise its arrangements
with potential funding and BEE partners by 31 March 2020 and, accordingly, both parties have agreed
to extend the date by which the Housatonic Consortium needs to finalise its arrangements with potential
funding and BEE partners to 31 May 2020.

Shareholders are advised to continue to exercise caution when dealing in the Company's securities
until a further announcement is made in this regard.

30 March 2020

Sponsor: The Standard Bank of South Africa Limited

Date: 30-03-2020 08:15:00
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