Spicer shareholders are still awaiting news of when the suspension of JSE-listed group's share might be lifted and about plans for the company's future.
Spicer shareholders have been requesting information from ITWeb, but Spicer financial director Danie de Villiers says that nothing has changed substantially since Spicer's interim results were announced in March.
While he says he cannot comment on specific details in terms of regulations, he confirmed that the group is still in negotiations as to its future.
Spicer announced in December last year that its share had been suspended after its financiers indicated they were unwilling to continue with their financial support.
After the end of December the financiers transferred R18 million, which served as part security for an offshore liability of lb1.8 million, to be used as part payment for the offshore debt.
Spicer's results for the six months to end-December showed a headline loss of R4.7 million compared with a previous profit of R1.9 million. It attributed the performance to a slowdown in the IT industry in Sweden, where it has its sole operating asset, Inter-IT Konsult.
Vorster says he is not aware of any limit on how long a share may be suspended, but adds that Spicer is working closely with the JSE.
He has promised that the group will make an announcement if it has any further news to share.
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