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Meikles Ld (MIK)

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Friday 06 August, 2010

Meikles Ld

Statement re Kingdom Financia

RNS Number : 6993Q
Meikles Limited
06 August 2010







On 6 August 2010 the Meikles Limited ("Company") Board met to consider the offer from Mr N M K Chanakira and his associated companies to purchase the Company's interest in Kingdom Financial Holdings Limited ("KFHL").


At this meeting the Board resolved to reject such offer and further resolved to convene an Extraordinary General Meeting ("EGM") of the Company to implement the de-merger of KFHL from the Company on the amended terms proposed in the EGM Notice.


Accordingly, shareholders will shortly be sent an EGM Notice to convene the EGM.


Shareholders are then urged to exercise caution in dealing with the Company's shares due to the above and other transactions that are the subject of negotiations.



By order of the Board


6 August 2010

This information is provided by RNS
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