SBG - Simeka - Fulfilment of conditions precedent: Restructure of Adcheck
SBG
SBG
SBG - Simeka - Fulfilment of conditions precedent: Restructure of Adcheck
Investment and sale of Mint Net
Simeka Business Group Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: SBG ISIN code: ZAE000074878
("Simeka" or "the Company")
FULFILMENT OF CONDITIONS PRECEDENT: RESTRUCTURE OF ADCHECK INVESTMENT AND SALE
OF MINT NET
Shareholders are referred to the announcement of 30 March 2009 detailing the
restructure of Simeka`s Adcheck (Proprietary) Limited investment and the sale of
Mint Net (Proprietary) Limited by Simeka to Adcheck, which transactions remained
conditional on the approval by the Competition Commission of the disposal of
Mint Net.
The Competition Commission has, as of 20 May 2009, approved the disposal of Mint
Net and accordingly the transactions have now been implemented in accordance
with their terms.
3 June 2009
Designated advisor
Java Capital (Proprietary) Limited
Date: 03/06/2009 12:21:01 Produced by the JSE SENS Department.
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