Johannesburg - Gijima Group [JSE:GIJ] is in the process of
finalising the terms of agreements relating to the potential disposal of its
mining technology and consulting businesses - MineRP - to a consortium led by
RMB Corvest (Pty) Limited‚ a subsidiary of RMB Private Equity‚ it said on
MineRP would be housed in a newly incorporated entity‚ Oakleaf
Investment Holdings 89 (Pty) Limited. The agreements will be subject to
approval of the Competition authorities.
The Board has identified MineRP as non-core and‚ as MineRP
requires considerable investment to maintain its competitive position‚ has resolved
to dispose thereof in order to preserve MineRP´s value and realise maximum
value for shareholders‚ Gijima said.
Accordingly‚ shareholders were advised to continue
exercising caution when dealing in Gijima shares until a further announcement
in this regard is made.
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