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JSC
JSC - Jasco Electronics Holdings Limited - Circular And Notice Of General
Meeting
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1987/003293/06)
Share code: JSC & ISIN: ZAE000003794
("Jasco" or "the company")
circular and notice of general meeting
1. Shareholders are referred to the announcements released on SENS on 3 April
2008 and 24 April 2008 respectively, concerning, inter alia:
1.1 that an agreement had been concluded in terms of which Iningi
Investments 180 (Pty) Limited ("Iningi"), a wholly-owned subsidiary of
Jasco, would acquire from Malesela Holdings No. 1 (Pty) Limited
("Malesela"), a wholly-owned subsidiary of Community Investment
Holdings (Pty) Limited ("CIH"), a 34% economic interest in Malesela
Taihan Electric Cable (Pty) Limited ("M-Tec"), subject to certain
suspensive conditions ("the M-Tec acquisition");
1.2 the creation and issue by Iningi of 40 000 fully paid-up cumulative
redeemable Iningi preference shares ("the Iningi preference shares")
to AfroCentric Investment Corporation Limited ("AfroCentric") at an
issue price of R2 500 per Iningi preference share, as part of the
total consideration payable for the M-Tec acquisition ("the Iningi
preference share issue");
1.3 the acquisition by AfroCentric of a 34,9% interest in Jasco from CIH
("the AfroCentric investment"); and
1.4 various related corporate actions that the company proposes.
(collectively, "the transactions").
2. With respect to the above transactions, shareholders are hereby advised
that a circular and revised listing particulars to Jasco shareholders dated
30 April 2008 containing details of the transactions and notice of a
general meeting, convened for Monday, 26 May 2008 at 10:00 at the
registered offices of Jasco, Woodmead Office Park, 8 Saddle Drive, Woodmead
2157, was posted on 3 May 2008.
Johannesburg
5 May 2008
Corporate adviser and sponsor
PSG Capital (Pty) Limited
Date: 05/05/2008 15:00:05 Produced by the JSE SENS Department.
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