| Mon 3 May 2010, 7:33 | | SPO - Set Point Group Limited - Finalisation announcement |
|
SPO
SPO
SPO - Set Point Group Limited - Finalisation announcement
Set Point Group Limited
(formerly Set Point Technology Holdings Limited)
Incorporated in the Republic of South Africa
Registration number: 1996/014334/06
Share code: SPO
ISIN code: ZAE000132601
("Set Point" or "the company")
Finalisation announcement
Set Point Shareholders are advised that registration by the Companies and
Intellectual Property Registration Office of the special resolutions relating to
the specific offer, as detailed in the circular that was despatched by prepaid
registered mail to all beneficial Set Point shareholders on Friday, 26 March
2010, has been effected.
Set Point shareholders are advised that the salient dates and times relating to
the specific offer and the delisting of the company from the JSE ("delisting")
are as follows:
2010
Last day to trade in order to participate in the Friday, 14 May
specific offer
Suspension of listing from commencement of business on Monday, 17 May
Election period for the specific offer closes at 12:00 Friday, 21 May
on (refer note 2 below)
Form headed "Form of election and surrender" (blue)
(to be completed by certificated shareholders only)
and documents of title (where applicable) to be Friday, 21 May
received by 12:00 on
Record date by close of business Friday, 21 May
Cheques posted or electronic transfers effected to
certificated Set Point shareholders who sell all or
some of their shareholdings in terms of the specific
offer and accounts of dematerialised Set Point
shareholders with or without own name registration who Monday, 24 May
sell all or some of their shareholdings in terms of
the specific offer credited on (see note 3 below)
Results of the specific offer released on SENS on Monday, 24 May
Results of the specific offer published in the press Tuesday, 25 May
on
Delisting of Set Point with effect from the
commencement of business on or about Tuesday, 25 May
Notes:
1. These dates and times are subject to amendment. Any
such amendment will be released on SENS and published
in the press.
2. Those certificated shareholders who do not validly
elect either to sell all or some of their shares to Set
Point and/or Brubin Pumps (Proprietary) Limited
("Brubin Pumps"), a wholly owned subsidiary of Set
Point, for a consideration of 90 cents per Set Point
share ("cash alternative") or to retain all or some of
their shares in the unlisted Set Point before 12h00 on
Friday, 21 May 2010 will be deemed to have elected the
cash alternative and to have agreed to sell their
entire shareholding to Set Point and/or Brubin Pumps in
terms of the specific offer. The documents of title of
certificated shareholders who have elected or have been
deemed to have elected the cash alternative will no
longer be valid after Friday, 21 May 2010 other than to
receive the proceeds of the sale of such shares for the
specific offer consideration of 90 cents per Set Point
share on or about Monday, 24 May 2010.
3. Share certificates may not be dematerialised after
Friday, 14 May 2010.
Isando
3 May 2010
Joint sponsor
BDO Corporate Finance Investec Bank Limited
Legal advisor Reporting accountants and
auditors
Edward Nathan Sonnenbergs Inc. KPMG Inc.
Independent expert
KPMG Services (Proprietary)
Limited
Date: 03/05/2010 07:33:01 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.
