Innscor Issues Further Cautionary amid Retail Unbundling Delays

Innscor Issues Further Cautionary Statement amid Retail Unbundling Delays

Now Daily Business

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Innscor Africa issued a ‘further cautionary statement’ Friday 04 March 2016, saying ‘regulation and other matters’ relating to unbundling and separate listing of its retail and distribution units remained outstanding.

“Further to the Cautionary Statement published on 12 February 2016, regarding the approval by the Innscor Africa Limited Board of Directors to unbundle and separately list the Company’s Speciality Retail and Distribution Business , shareholders are advised that the Advisory Committee meets regularly and is making progress on the regulation and other matters relating to the unbundling. Accordingly, shareholders are advised to exercise caution and should consult their professional advisors before dealing in the Company’s shares.”

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© Now Media 2016

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