FPF - Finbond Property Finance - Announcement regarding the fullfilment of
FPF
FPF
FPF - Finbond Property Finance - Announcement regarding the fullfilment of
conditions precedent and listing of New Finbond shares
Finbond Property Finance Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FPF ISIN: ZAE000097259
("Finbond" or "the Company")
ANNOUNCEMENT REGARDING THE FULLFILMENT OF CONDITIONS PRECEDENT AND LISTING OF
NEW FINBOND SHARES:
Finbond shareholders are referred to the announcement issued by the Company on
18 February 2009 regarding, inter alia, Finbond`s acquisition of the business of
Moneyline Financial Services Holdings (Proprietary) Limited ("Moneyline / New
World Finance") a subsidiary of Net1 UEPS Technologies Limited ("Net1") ("the
Acquisition") and a general issue of new Finbond shares for cash. Shareholders
are accordingly advised that the conditions precedent to the Acquisition,
namely:
- the conclusion of a successful comprehensive due diligence by Finbond on
the business of Moneyline / New World Finance; and
- Finbond and Net1 entering into a service level agreement,
have both been fulfilled. Accordingly the Acquisition has become
unconditional.
The JSE Limited has approved the listing of 84 632 525 new Finbond shares issued
by Finbond (which shares were issued at 80 cents per share) in respect of the
Acquisition and the general issue of new Finbond shares for cash from today.
Pretoria
4 March 2009
TRANSACTION AND DESIGNATED ADVISER:
GRINDROD BANK LIMITED
Date: 04/03/2009 11:02:02 Produced by the JSE SENS Department.
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