HUG - Huge Group - Acquisition Of Centracell (Proprietary) Limited
HUG
HUG
HUG - Huge Group - Acquisition Of Centracell (Proprietary) Limited
HUGE GROUP LIMITED
(formerly Vanquish Fund Managers Limited)
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
("Huge" or "the company")
ACQUISITION OF CENTRACELL (PROPRIETARY) LIMITED ("CENTRACELL")
Shareholders are referred to the announcement dated 14 August 2007, which
detailed the acquisition by Huge of the entire share capital of and
shareholders` claims on loan account against CentraCell from Julian Arie Morelis
and Alexander John Morelis ("the sale transactions") for a total consideration
of R80 032 000.
The acquisition was subject to Competition Commission approval. This approval
has now been obtained and the acquisition is now accordingly unconditional. In
terms of the agreement, the acquisition is effective from the date on which
Competition Commission approval was obtained, being 15 February 2008.
Woodmead
19 February 2008
Corporate Advisors
Manhattan Equity Corporate Finance (Pty) LImited
Designated advisor
Arcay Moela Sponsors (Pty) Limited
Date: 19/02/2008 13:01:34 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
