MIK Meikles Limited

 
TIDMMIK 
 
MEIKLES LIMITED 
 
                            NOTICE TO SHAREHOLDERS 
 
The Directors of Meikles Limited would like to advise shareholders that Wide 
Free Investments t/a Core Solutions proceeded to auction certain assets of the 
Group on the 24 December 2018. The assets relate to Meikles Limited's 
investments in Tanganda Tea Company Limited and Meikles Hospitality (Private) 
Limited.  This auction is being contested in the Supreme Court, the outcome of 
which is pending. The attachment and subsquent auctioning of the assets was as 
a result of a heavily contested arbitral award of $1.5 million to Core 
Solutions. This matter is before the Court under case number (SC 988/18). 
 
In addition to contesting the auction in the Supreme Court, Meikles Limited has 
appealed against the arbitral award in the High Court. The outcome of the 
appeal against the arbitral award is pending. 
 
The  Meikles Limited Board has put other measures in place to ensure Company 
assets are safe and shareholder value is protected. 
 
BY ORDER OF THE BOARD 
 
T MPOFU 
 
Company Secretary 
 
8 January 2019 
 
 
 
END 
 

(END) Dow Jones Newswires

January 08, 2019 02:17 ET (07:17 GMT)

Meikles (LSE:MIK)
Historical Stock Chart
From Jun 2024 to Jul 2024

Meikles (LSE:MIK)
Historical Stock Chart
From Jul 2023 to Jul 2024