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Mon 3 Jan 2022
Close: 705c 
Day's move: 0c (0.00%)
Volume: 0
Trades: 0
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Adapt IT - confirmation of delisting
Shareholders of Adapt IT are referred to the various announcements released on SENS relating to the offer by Volaris to acquire control of Adapt IT through the acquisition of up to 100% of the issued ordinary shares (excluding treasury shares) of Adapt IT from the Adapt IT Shareholders for a cash consideration of R7.00 per Adapt IT share ("Volaris Offer"), the last of which was released on SENS on Thursday, 30 December 2021.
With reference to the Finalisation Announcement, Adapt IT Shareholders are advised that, following the receipt of a compliance certificate from the Takeover Panel in relation to the Scheme, the Transaction is now unconditional and Shares in Adapt IT will be delisted from the Main Board of the securities exchange operated by the JSE with effect from the commencement of trade on Tuesday, 4 January 2022.
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AdaptIT - volaris offer finalisation announcement
Shareholders of Adapt IT ("Adapt IT Shareholders") are referred to the various announcements released on SENS relating to the offer by Volaris to acquire control of Adapt IT through the acquisition of up to 100% of the issued ordinary shares (excluding treasury shares) of Adapt IT from the Adapt IT Shareholders for a cash consideration of R7.00 per Adapt IT share ("Volaris Offer"), the last of which was released on SENS on Tuesday, 28 December 2021.
Fulfilment of Scheme Conditions
With reference to the announcement released on SENS on Monday, 13 December 2021 wherein it was advised that the Scheme was still conditional upon:
- Scheme Participants making the Exit Election (or being deemed to have made the Exit Election) in respect of at least 50% plus one of the Adapt IT Shares (excluding Excluded Shares), and the announcement of such result on SENS; and
- the issuance of a compliance certificate by the Takeover Panel,
Adapt IT Shareholders are hereby advised that the Scheme Condition stated in paragraph above has been duly fulfilled.
With reference to the Scheme Condition stated in paragraphs above, Adapt IT has applied for a compliance certificate from the Takeover Panel in terms of the Companies Act, and expects to receive it later today.
Accordingly, the Transaction will proceed in accordance with the timetable published on SENS on Tuesday, 30 November 2021.
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AdaptIT - Volaris offer update
Shareholders of Adapt IT are referred to the various announcements released on SENS relating to the offer by Volaris to acquire control of Adapt IT through the acquisition of up to 100% of the issued ordinary shares (excluding treasury shares) of Adapt IT from the Adapt IT shareholders for a cash consideration of R7.00 per Adapt IT share ("Volaris Offer").
Dealing in securities
Shareholders are advised that during the week commencing on 20 December 2021 Volaris acquired 30 380 Adapt IT shares on the market, such that the entire beneficial shareholding held by Volaris in Adapt IT amounts to 4.310% of the total number of Adapt IT shares in issue (and 4.326% of the total number of Adapt IT shares in issue excluding treasury shares).
Elections
Adapt IT shareholders are reminded that the Transaction is subject inter alia to the condition that Exit Elections are made in respect of more than 50% of the Adapt IT shares (excluding treasury shares).
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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