IDT INT'L<0167> - Exceptional Turnover Movement
The Stock Exchange has received a message from IDT International Limited
which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
We have noted today's increase in the trading volume of the shares of the
Company and wish to state that we are not aware of any reasons for such
increase. The Board has been informed by Mr. Jack William Edouard Heuer,
one of the directors of the Company, that he has disposed 1,000,000 shares
of the Company in the market today. Mr. Heuer was interested in 5,000,000
shares in the Company (representing approximately 0.25% of the total
issued share capital of the Company) immediately before the said disposal
and he continues to hold 4,000,000 shares in the Company (representing
approximately 0.20% of the total issue share capital of the Company)
immediately thereafter.
Save as disclosed above, we confirm that there are no negotiations or
agreements relating to intended acquisitions or realisations which are
discloseable under paragraph 3 of the Listing Agreement, neither is the
Board aware of any matter discloseable under the general obligation
imposed by paragraph 2 of the Listing Agreement, which is or may be of a
price sensitive nature.
Made by the order of the Board of IDT International Limited the Directors
of which individually and jointly accept responsibility for the accuracy
of this statement.
For and on behalf of
IDT International Limited
Chan Pau Shiu Yeng, Shirley
Director
February 17, 2000"
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