| Mon 13 Jul 2009, 15:14 | | FRT - Faritec - Results Of The Faritec General Meeting And The Rights Offer |
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FRT
FRT
FRT - Faritec - Results Of The Faritec General Meeting And The Rights Offer
Faritec Holdings Limited
Registration No. 1998/004872/06
Share code: FRT ISIN code: ZAE000016838
("Faritec")
RESULTS OF THE FARITEC GENERAL MEETING AND THE RIGHTS OFFER
Shareholders are advised that, at the general meeting of Faritec shareholders
held on Friday, 10 July 2009, all of the resolutions relating to the proposed
specific issue of Faritec shares for cash to Shoden Data Systems (Proprietary)
Limited ("Shoden") and the waiver by Faritec shareholders, in terms of Rule 8.7
of the Securities Regulation Panel Code on Takeovers and Mergers, of their right
to receive any mandatory offer to which they might otherwise have been entitled
as a result of Shoden acquiring control of Faritec were passed by the requisite
majorities.
The specific issue of shares for cash to Shoden remains conditional upon
the unconditional approval (or approval on conditions acceptable to Shoden) of
the Competition Authorities.
RESULTS OF THE RIGHTS OFFER
Shareholders are referred to the rights offer to Faritec shareholders which
closed on Friday, 10 July 2009 (the "rights offer").
The directors are pleased to advise that shareholders and/or their renouncees
have applied for 322,101,905 new Faritec shares equivalent to 48.32% of the
total number of shares offered in terms of the rights offer ("the rights offer
shares"). In addition, excess applications were received in respect of
31,558,528 rights offer shares, all of which have been allocated to the
applicants. The underwriters of the rights offer will take up the remaining
313,006,234 rights offer shares.
The accounts of dematerialised shareholders will be debited and updated by their
CSDP/broker and certificated shareholders will have certificates posted to them
on or about on Monday, 13 July 2009.
13 July 2009
Sponsor
Java Capital (Proprietary) Limited
Legal advisor in respect of the issue of shares for cash
Edward Nathan Sonnenbergs Inc.
Independent reporting accountants
Charles Orbach & Company
Date: 13/07/2009 15:14:01 Produced by the JSE SENS Department.
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