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Cautionary announcement and withdrawal of previous cautionary

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Shareholders are advised that Poynting has entered into negotiations in respect of the possible disposal of loss making parts of the business which, if successfully concluded, may have a material effect on the price of the Company's securities.

Furthermore, shareholders are referred to the cautionary announcement dated 16 July 2014 and the subsequent renewal of cautionary announcements, the last of which is dated 16 October 2014, regarding the acquisition by the Company of 100% percent of the issued share capital of Radio Networks Solutions Proprietary Limited (“RNS”).

Shareholders are advised that negotiations regarding the acquisition of RNS have been terminated as the board is of the view that the strategic rationale and potential synergies in acquiring RNS will not, at this stage, be realised by the Company.

Accordingly, shareholders are advised to exercise caution when dealing in the Company's securities until a further announcement is made.

Johannesburg
27 November 2014

Designated Adviser
Merchantec Capital

 

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