ACE - Accentuate Limited - Copmletion of the Acquisition of interior Wooden
ACE
ACE
ACE - Accentuate Limited - Copmletion of the Acquisition of interior Wooden
floors (PTY) Limited
Accentuate Limited
(previously known as Safic Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
(JSE code: ACE ISIN: ZAE000115986)
("Accentuate" or "the company")
COMPLETION OF THE ACQUISITION OF INTERIOR WOODEN FLOORS (PTY) LIMITED
Shareholders are referred to the announcement dated 2 October 2008 in which it
was announced that subject to the fulfilment of certain conditions, Floorworx
Africa (Pty) Limited, a wholly owned subsidiary of Accentuate has purchased the
business and certain specified assets and liabilities of Interior Wooden Floors
(Pty) Limited ("Interior Wooden Floors").
The final purchase consideration for the business and certain specified assets
and liabilities of Interior Wooden Floors was R11.00 million paid as follows:
- R8.25 million paid in cash on 17 October 2008; and
- the issue of 2 925 532 Accentuate shares at 94 cents per share to the
vendors of Interior Wooden Floors on 23 October 2008.
Shareholders are advised that all conditions precedent have now been fulfilled
and accordingly, the board of directors of Accentuate announce that the
acquisition has now become unconditional in all respects.
Johannesburg
21 October 2008
Designated adviser
Exchange Sponsors
Date: 21/10/2008 10:41:11 Produced by the JSE SENS Department.
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