MIK Meikles Limited

 

TIDMMIK 
 
RNS Number : 7200O 
Meikles Limited 
02 July 2010 
 

MEIKLES LIMITED 
 
NOTICE TO SHAREHOLDERS 
 
In the interests of the Group, the Meikles Limited ("Company", "ML") Board has 
so far exercised patience and restraint in response to the recent unauthorized 
"public announcements" of members of the Board of Kingdom Financial Holdings 
Limited ("KFHL") and persons who are not members of the Board of KFHL.  These 
unauthorized announcements were, amongst other things, made without the 
permission or prior knowledge of KFHL's sole shareholder ML, or the ML Board. 
The ML Board can no longer remain silent.  The ML Board has now requested the 
KFHL Board to comply with certain corporate formalities in terms of both the 
Companies Act and the Banking Act to ensure the de-merger is legally 
implemented.  These requirements were formally communicated to the Board of KFHL 
by ML. The relevant authorities have been consulted and notified of the ML 
Board's stance in this matter.  The urgent response of the KFHL Board is 
awaited. 
 
Shareholders are further advised that no capital restructuring of KFHL can take 
place without the formal approval of ML (as the sole shareholder of KFHL) in a 
general meeting of KFHL and compliance with certain other corporate and 
regulatory formalities.  None of these formalities have been complied with. 
 
Shareholders are further advised that statements made by the KFHL Board or other 
unauthorized third parties cannot bind ML, the ML Board, or its shareholders. 
The only official announcements by ML concerning the affairs of ML must emanate 
from the ML Board.  The ML Board disassociates itself from any other statements 
concerning actions and intentions of the ML Group, including the recent 
purported public announcements of members of the KFHL Board and others. 
 
Shareholders will be advised of future developments. 
 
By order of the Board 
 
30 June 2010 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 STRGIGDRGXGBGGD 
 

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