| Wed 9 Jan 2008, 11:04 | | IFW - Infowave Holdings Limited - Change On Name Of Infowave |
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IFW
IFW
IFW - Infowave Holdings Limited - Change On Name Of Infowave
INFOWAVE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1998/017276/06
Share code: IFW ISIN: ZAE000016440
("InfoWave" or "the company")
CHANGE ON NAME OF INFOWAVE
Introduction and rationale
Shareholders are referred to the announcement dated 21 November 2007
wherein, inter alia, it was disclosed that the board of InfoWave had reached
an agreement with Mr S Shabalala to acquire his 100% equity interest in
Microzone which held a 67% interest in Adapt-IT (Proprietary) Limited. Since
Infowave held the other 33% in Adapt-IT (Proprietary) Limited, the
acquisition resulted in the company having a 100% interest.
Due to this acquisition it is now proposed to change the name of the company
to "AdaptIT Holdings Limited". The name change symbolises the group`s
positioning in the IT industry to take advantage of the broader
opportunities in the market.
Salient dates and times
The salient dates and times for the implementation of the change of name of
the company to AdaptIT Holdings Limited are set out below.
2008
Circular posted to shareholders on Wednesday, 9 January
Forms of proxy to be received by 10:00 on Tuesday, 29 January
General meeting to be held at 10:00 on Thursday, 31 January
Results of general meeting released on SENS on Thursday, 31 January
Results of general meeting published in the Friday, 1 February
press on
Expected date of registration of the special
resolution changing the name
of Infowave to "AdaptIT Holdings Limited" on Thursday, 14 February
or about
Last day to trade under old name "Infowave Friday, 29 February
Holdings Limited" on
Change of name on the JSE effective from close Friday, 29 February
of business on
Trade under the new name "AdaptIT Holdings
Limited" under the JSE share code
"ADI", abbreviated name "ADAPTIT" and new
ISIN: ZAE000113163 from commencement
of trading on Monday, 3 March
Record date for the change of name on Friday, 7 March
New share certificates reflecting the change
of name posted by registered post
to Infowave certificated shareholders who have
surrendered their documents
of title on or before 12:00 on the record date Monday, 10 March
(see note iii below) on or about
Dematerialised Infowave shareholders` accounts
updated with
new name by their CSDP or broker on Monday, 10 March
Notes:
The dates and times provided for in this circular are subject to amendment.
Any such amendment will be released on SENS and published in the press.
Shareholders will not be able to dematerialise or rematerialise securities
in the name of Infowave after Friday, 29 February 2008 and may only
dematerialise their new AdaptIT Holdings Limited shares from Monday, 10
March 2008.
Certificated Infowave shareholders who surrender their existing documents of
title after 12:00 on the record date, will have their new share certificates
mailed within five business days of receipt thereof by the transfer
secretaries, by registered post in South Africa, at the risk of the
shareholders concerned.
Circular to shareholders
Infowave shareholders are hereby notified that a circular regarding the
change of name, including a form of proxy in respect of the general meeting
of Infowave shareholders and a form of surrender, will be dispatched to
shareholders today.
Johannesburg
9 January 2008
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Legal advisers
Shepstone & Wylie Inc.
Date: 09/01/2008 11:04:18 Produced by the JSE SENS Department.
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