MIK Meikles Limited

 

TIDMMIK 
 
RNS Number : 9604M 
Meikles Africa Ld 
06 February 2009 
 

 
 
 
 
KINGDOM MEIKLES LIMITED 
 
 
 
 
CAUTIONARY NOTICE 
 
 
 
 
 
 
 
 
 
Shareholders are advised that one of Kingdom Meikles Limited's Directors, Mr J. 
R. T. Moxon was specified on 16 January 2009 in terms of Section 6 of the 
Prevention of Corruption Act, Chapter 9 : 16. In terms of Section 10 1 ( e) of 
that act, he shall not perform any act as a director of a company registered in 
Zimbabwe. 
 
 
 
 
Shareholders are further advised that the Company has instituted legal action in 
South Africa against Coolbay Investments (Pty) Ltd, Mr J. R. T. Moxon and Mentor 
Holdings Ltd and Messrs S. Levenberg and B. Till for the recovery of funds 
deposited with Coolbay Investments (Pty) Ltd and Mentor Holdings Limited. The 
total amount being claimed in the two actions is US Dollars 22,1 million. 
 
 
 
 
Shareholders are further advised that Mentor Africa Ltd has purported to have 
exercised the call option it alleges it has in respect of Kingdom Meikles 
Limited's interest in Cape Grace Hotel. The Company contests the validity of the 
purported exercise of this option. There is the possibility of litigation if 
Mentor Africa Limited contends its exercise of the call option is enforceable. 
 
 
 
 
Shareholders will be advised of further developments in due course. 
 
 
 
 
The Company Secretary Kingdom Meikles Limited 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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