| Wed 29 Apr 2009, 12:15 | | OLG - Onelogix Group Limited - Dealings In Securities By The Onelogix Group |
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OLG
OLG
OLG - Onelogix Group Limited - Dealings In Securities By The Onelogix Group
Share Trust
ONELOGIX GROUP LIMITED
(Registration number 1998/004519/06)
Share code: OLG
ISIN: ZAE000026399
DEALINGS IN SECURITIES BY THE ONELOGIX GROUP SHARE TRUST
Shareholders of OneLogix Group Limited ("OLG") are advised of the following
information, relating to the dealing in securities by the OneLogix Group Share
Trust:
Name: OneLogix Group Share Trust
Date of transaction: 23 April 2009
Number of securities: 1,212,000
Price per security: 43 Cents
Total Value: R521,160.00
Class of securities: Ordinary shares
Nature of transaction: Purchase
Nature and extent of Direct Beneficial
interest:
Name: OneLogix Group Share Trust
Date of transaction: 24 April 2009
Number of securities: 31,820
Price per security: 44 Cents
Total Value: R14,000.80
Class of securities: Ordinary shares
Nature of transaction: Purchase
Nature and extent of Direct Beneficial
interest:
The ordinary shares referred to above have been purchased in anticipation of the
implementation of the transaction announced on 11 March 2009, in terms of which
inter alia:
- The Snow Trust (IT No. 1544/95) ("The Snow Trust") has sold to OneLogix
(Proprietary) Limited ("the purchaser"), a wholly owned subsidiary of OLG,
the equity in each of PM Hire (Proprietary) Limited, RFB Logistics
(Proprietary) Limited and Lynx Investments (Proprietary) Limited ("the
acquired companies");
- R13,000,000 of the purchase consideration (being in aggregate R22,500,000)
is payable in cash on the implementation date on the basis that:
- R12,000,000 (plus interest thereon, if any) thereof shall be paid to
The Snow Trust; and
- R1,000,000 (plus interest thereon, if any) thereof shall be paid to
the OneLogix Group Share Trust by and on behalf of The Snow Trust in
full and complete discharge of that portion of the purchase
consideration, on the basis that the trustees of the OneLogix Group
Share Trust will utilize those monies to purchase ordinary shares in
OLG for and on behalf of employees of the acquired companies.
As detailed in prior SENS announcement issued on 8 April 2009, 1 088 000
ordinary shares in Onelogix (for an aggregate purchase price of R435 200)have
already been purchased by the Onelogix Group Share Trust, in anticipation of the
implementation of the transaction.
The transaction remains subject to the fulfilment of certain conditions
including inter alia the securing of the approval of the regulatory authority in
terms of the Competition Act No. 81 of 1998.
Clearance to deal was received as required in terms the JSE`s Listings
Requirements.
29 April 2009
Designated Advisor
Java Capital (Proprietary) Limited
Date: 29/04/2009 12:15:01 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.
