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METROFILE HOLDINGS LIMITED - Withdrawal of cautionary announcement

Release Date: 16/10/2020 13:08:00      Code(s): MFL       PDF(s):  
Withdrawal of 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’’)

UPDATE ON INTENDED BID FOR METROFILE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcement released on the Johannesburg Stock
Exchange News Service (SENS) on 3 September 2020.

The Housatonic Consortium has again assured the Company of its wish to progress
with the possible transaction for the acquisition of Metrofile. However as advised
previously, Housatonic executives will need to travel to South Africa to refresh and
complete their due diligence but are still not able to do so until Australian travel
restrictions and quarantine requirements have been lifted.

The first cautionary announcement was released on SENS on 6 September 2019. At
the present time the Company has no indication of when the process will recommence
and does not have any renewed expression of interest containing indicative pricing
and funding confirmation.

The Board has accordingly resolved to withdraw the cautionary announcement with
immediate effect.

Illovo
16 October 2020


Sponsor: The Standard Bank of South Africa Limited

Date: 16-10-2020 01:08:00
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