| Thu 19 Mar 2009, 13:33 | | ACT / ACTP - AfroCentric / Lethimvula - Revised Dates and Times Announcement |
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ACT ACTP
ACT
ACT / ACTP - AfroCentric / Lethimvula - Revised Dates and Times Announcement
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
Share code: ACT/ ACTP & ISIN: ZAE000078416 / ZAE000082269
("AfroCentric" or "the Company")
LETHIMVULA INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/005087/06)
("Lethimvula")
REVISED DATES AND TIMES ANNOUNCEMENT
Shareholders of both AfroCentric and Lethimvula are referred to the announcement
released on the Securities Exchange News Service ("SENS") of the JSE Limited on
Friday, 27 February 2009 and to the circular posted to Lethimvula shareholders
on that date in which they were advised of:
1. the offer by AfroCentric to all of the shareholders of Lethimvula, other
than the AfroCentric group, ("Offeree Shareholders") to acquire all of
their Lethimvula shares ("the Offer"); and
2. the offers to Dewald Dempers, in respect of the options he holds to
subscribe for Lethimvula shares and Newshelf 755 (Proprietary) Limited
(African Vanguard Consortium), in respect of the options it holds to
subscribe for Lethimvula shares (collectively, the "Option Holders").
At 12:00 on Wednesday, 18 March 2009, the AfroCentric group has received
acceptances from Offeree Shareholders holding 21 953 573 shares in Lethimvula
and has not received any acceptances from the Option Holders. Following the
acquisition of the Lethimvula shares in respect of which acceptances have been
received by the Offeree Shareholders, the AfroCentric group holds 387 818 602
shares in Lethimvula representing 67% of the entire issued share capital of
Lethimvula.
Given certain unforeseen delays in the postal distribution of the circular,
Offeree Shareholders and Option Holders are hereby notified that the scheduled
closing date of the Offer and offers to Option Holders of Friday, 20 March 2009
has been extended to Thursday, 30 April 2009. The revised salient dates and
times are indicated in the table below:
2009
Closing date of the Offer to the Thursday, 30 April
Offeree Shareholders (12:00)
Results of the Offer to be released on Monday, 4 May
SENS
Results of the Offer to be published in Tuesday, 5 May
the press
Offer consideration to be posted to the Within five business
Offeree Shareholders who have accepted days of the date on
the Offer during the Offer period and which the documents
whose acceptances have been received by of title are received
the transfer secretaries by the transfer
secretaries
Johannesburg
19 March 2009
Advisors to AfroCentric Advisors to Lethimvula
Investment Bank and sponsor to the Corporate advisors to Lethimvula
transaction Sinergi Corporate Advisors
Investec Bank Limited (Proprietary) Limited
(Registration number 1969/004763/06) (Registration number
2004/011875/07)
Sponsor to AfroCentric Joint Legal Advisors to
Sasfin Capital Lethimvula
(Registration number 1951/002280/06) Edward Nathan Sonnenbergs
(Registration number
2006/018200/21)
Rothbart Inc
(Registration number
1995/001105/21)
Legal advisor to AfroCentric
HR Levin Attorneys, Notaries &
Conveyancers
(Practice number M2841)
Date: 19/03/2009 13:33:01 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.
