| Tue 28 Apr 2009, 12:50 | | 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 of the JSE Limited on Thursday,
19 March 2009 ("Announcement") in which they were advised of the extension of
the closing date 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 by AfroCentric 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").
As at 12:00 on Tuesday, 28 April 2009, the AfroCentric group has received
acceptances from Offeree Shareholders holding 86 961 530 shares in Lethimvula
representing 15.03% of the entire issued share capital of Lethimvula. In
addition, at this date the AfroCentric group has received an acceptance from
Newshelf 755 (Proprietary) Limited (African Vanguard Consortium), in respect of
the options it holds to subscribe for Lethimvula shares.
Following the acquisition of the Lethimvula shares in respect of which
acceptances have been received by the Offeree Shareholders, the AfroCentric
group holds 452 826 559 shares in Lethimvula representing 78.23% of the entire
issued share capital of Lethimvula.
Offeree Shareholders and Option Holders are hereby notified that the scheduled
closing date of the Offer and offers to Option Holders of Thursday, 30 April
2009 per the Announcement has been extended to Friday, 29 May 2009. The revised
salient dates and times are indicated in the table below:
2009
Closing date of the Offer to the Friday, 29 May
Offeree Shareholders (12:00)
Results of the Offer to be released on Monday, 1 June
SENS
Results of the Offer to be published in Tuesday, 2 June
the press
Offer consideration to be posted to the Within five
Offeree Shareholders who have accepted business days of
the Offer during the Offer period and the date on
whose acceptances have been received by which the
the transfer secretaries documents of
title are
received by the
transfer
secretaries
Offeree Shareholders are reminded that if they wish to accept the Offer, then
the form of acceptance, election, surrender and transfer as contained in the
offer circular posted to Offeree Shareholders on Friday, 27 February 2009
("Offer Circular") must be completed by the Offeree Shareholders and forwarded
to the transfer secretaries, Computershare Investor Services (Proprietary)
Limited ("Computershare") by the closing date. In the event that Offeree
Shareholders have not received the form of acceptance, election, surrender and
transfer as contained in the Offer Circular, Offeree Shareholders are advised to
contact Computershare directly.
Johannesburg
28 April 2009
Advisors to AfroCentric Advisors to Lethimvula
Investment Bank and sponsor to Corporate advisors to Lethimvula
the transaction Sinergi Corporate Advisors
Investec Bank Limited (Proprietary) Limited
(Registration number (Registration number
1969/004763/06) 2004/011875/07)
Sponsor to AfroCentric Joint Legal Advisors to
Sasfin Capital Lethimvula
(Registration number Edward Nathan Sonnenbergs
1951/002280/06) (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: 28/04/2009 12:50:02 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.
