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FRT
FRT
FRT - Faritec - Specific Issue Of Shares For Cash And Rights Offer Circulars
Faritec Holdings Limited
Registration No. 1998/004872/06
Share code: FRT & ISIN code: ZAE000016838
("Faritec")
SPECIFIC ISSUE OF SHARES FOR CASH AND RIGHTS OFFER CIRCULARS
Shareholders are referred to the announcements released between 10 March 2009
and 5 June 2009 in relation to the Faritec rights offer ("the rights offer") and
the announcement dated 16 April 2009 relating to the specific issue of shares
for cash in terms of the loan facility agreements with Shoden Data Systems
(Proprietary) Limited ("specific issue of shares for cash") and are advised that
the circulars to Faritec shareholders in respect of the rights offer and the
specific issue of shares for cash have been dispatched.
RIGHTS OFFER
The rights offer opens today and will be implemented in accordance with the
timetable detailed in the SENS announcement released on 28 May 2009.
SPECIFIC ISSUE OF SHARES FOR CASH
The specific issue of shares for cash remains conditional upon Faritec receiving
the requisite shareholder approval and the unconditional approval (or approval
on conditions acceptable to Shoden) of the Competition Authorities ("Competition
Approval").
The salient dates and times in respect of the specific issue of shares for cash
are as follows:
2009
Receipt of Forms of Proxy in respect of the
general meeting to be held on Friday,
10 July 2009 by 10h00 on Thursday, 9 July
The General Meeting at 10h00 on Friday, 10 July
Results of the General Meeting in respect of
the general meeting to be held on Friday,
10 July 2009 published on SENS on Friday, 10 July
Results of the General Meeting in respect of
the general meeting to be held on Friday,
10 July 2009 published in the press on Monday, 13 July
The listing of the shares issued to Shoden
(see note below) Wednesday, 15 July
Notes:
The date of listing of the shares to be issued to Shoden (the "repayment
shares") is dependent upon Competition Approval having been obtained prior to
that date. In the event that Competition Approval is not received before the
anticipated listing date the repayment shares will be listed as soon as possible
after such approval is obtained. An announcement will be made on SENS and in the
press advising shareholders of the new listing date.
The above dates and times are South African and are subject to change. Any
changes will be released on SENS and published in the press.
22 June 2009
Corporate advisor and legal advisor in respect of the rights offer and sponsor
Java Capital (Proprietary) Limited
Reporting accountants and auditors
Charles Orbach & Company
Legal advisor in respect of the issue of shares for cash
Edward Nathan Sonnenbergs Inc.
Date: 22/06/2009 12:51:01 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.
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