| Mon 24 May 2010, 12:23 | | SPO - Set Point - Results of the specific offer and delisting of Set Point |
|
SPO
SPO
SPO - Set Point - Results of the specific offer and delisting of Set Point
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")
Results of the specific offer and delisting of Set Point
The board of directors of Set Point is pleased to announce that the specific
offer to all Set Point shareholders, as detailed in the circular that was
despatched by prepaid registered mail to all beneficial Set Point shareholders
on Friday, 26 March 2010 ("the circular"), closed at 12h00 on Friday, 21 May
2010.
The results of the specific offer set out below exclude the 108.4 million shares
held by Sabvest Limited and the 108.6 million shares held by other Set Point
shareholders, including 101.6 million shares held by The Haroon Habib Family
Trust and Mineworkers Investment Company (Proprietary) Limited, Set Points
current black economic empowerment shareholders, which provided irrevocable
undertakings (as disclosed in the circular) that they would not be accepting the
specific offer in relation to the shares held by them.
The results of the specific offer, excluding the 217 million shares in the
aggregate detailed above, are as follows:
Number of shares for which elections were made or were deemed to 124 153 722
have been made to sell to Set Point and/or Brubin Pumps
(Proprietary) Limited, a wholly owned subsidiary of Set Point,
in terms of the specific offer. This represents 36.2% of the
total shares available to be accepted under the specific offer.
The delisting of Set Point was approved at a general meeting of Set Point
shareholders on Monday, 19 April 2010. The termination of the listing of Set
Point will be effective from the commencement of business on Tuesday, 25 May
2010. Set Point shareholders who have elected to retain all or some of their
shares will remain shareholders in the unlisted Set Point.
Isando
24 May 2010
Lead joint sponsor Joint sponsor
BDO Corporate Finance Investec Bank Limited
Legal advisor Reporting accountants and auditors
Edward Nathan Sonnenbergs Inc. KPMG Inc.
Date: 24/05/2010 12:23:01 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.
