BRIEF-Metrofile Holdings Says Co Got Second Unsolicited Approach From A International Corp

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BRIEF-Metrofile Holdings Says Co Got Second Unsolicited Approach From A International Corp
Credit: © Reuters.

Dec 15 (Reuters) - Metrofile Holdings Ltd MFLJ.J :

* JSE: MFL - PRE-CLOSED PERIOD TRADING UPDATE AND POTENTIAL BIDS FOR METROFILE UPDATE

* METROFILE HOLDINGS LTD - 1QFY21 PERFORMANCE WAS WITHIN EXPECTATION AND SHOWED GOOD IMPROVEMENT FROM 4QFY20

* METROFILE HOLDINGS LTD - REVENUES FOR FIRST SIX MONTHS ARE PROJECTED TO BE SLIGHTLY LOWER THAN IN CORRESPONDING PERIOD IN 2019

* METROFILE HOLDINGS LTD - BOARD OF DIRECTORS HAS RECEIVED A SECOND UNSOLICITED APPROACH BY ANOTHER INTERNATIONAL CORPORATION

* METROFILE HOLDINGS LTD - HOUSATONIC CONSORTIUM ASSURED COMPANY OF THEIR WISH TO CONTINUE WITH POSSIBLE TRANSACTION FOR ACQUISITION OF METROFILE

* METROFILE HOLDINGS LTD - EXPECT PROFITABILITY FOR SIX MONTHS TO BE AT LEAST AT HISTORICAL LEVELS

* METROFILE - INDEPENDENT PANEL WILL ASSESS SECOND UNSOLICITED APPROACH, CONSIDER TERMS OF APPROACH AS& WHEN FURTHER DETAILS ARE PROVIDED BY THIRD PARTY

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