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JASCO ELECTRONICS HOLDINGS LIMITED - Update: Reflex Solutions (Proprietary) Limited

Release Date: 08/02/2019 09:50
Code(s): JSC     PDF:  
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Update: Reflex Solutions (Proprietary) Limited

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: Reflex Solutions (Proprietary) Limited

Shareholders are referred to the audited June 2018 Annual
Financial Statements published on 5 November 2018. It was
disclosed then that the minority shareholders of Reflex
Solutions have disputed Jasco’s majority ownership of the
company.

Shareholders are advised that this dispute has progressed to
arbitration by agreement between the parties and the
arbitration has been set down for mid-March 2019.

Further updates will follow on conclusion of the arbitration
process.

Midrand
8 February 2019

Sponsor: Grindrod Bank Limited

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