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Disposal by UCS Solutions (Pty) Ltd (“UCS SOLUTIONS”) of its Enterprise Solutions Business (“THE ES BUSINESS”) to HCL AXON (Pty) Ltd (“HCL AXON”)
Jul 17 2009
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1. Introduction

Further to the cautionary announcements dated 7 May 2009 and 18 June 2009 (“the Cautionary Announcements”) shareholders are advised that UCS Solutions and UCS Solutions Holdings (Proprietary) Limited, wholly owned subsidiary companies of UCS, have entered into a sale of business agreement with HCL Axon (a wholly owned subsidiary company of Axon Group Limited, United Kingdom (“Axon Group”)) in terms of which HCL Axon will acquire the ES Business from UCS Solutions as a going concern (“the Transaction”).

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Disposal by UCS Solutions (Pty) Ltd (“UCS SOLUTIONS”) of its Enterprise Solutions Business (“THE ES BUSINESS”) to HCL AXON (Pty) Ltd (“HCL AXON”) - Jul 17 2009
1. Introduction Further to the cautionary announcements dated 7 May 2009 ... more

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