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JSE SPO
GEN
GEN - General - Reminder to Set Point shareholders of their rights
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")
Reminder to Set Point shareholders of their rights
Set Point shareholders are reminded that any Set Point shareholder who failed to
make a valid election either to remain invested in the company in respect of all
or some of their Set Point shares or to sell all or some of their Set Point
shares in terms of the specific offer, as detailed in the delisting circular
that was despatched by prepaid registered mail to all beneficial Set Point
shareholders on Friday, 26 March 2010 ("circular"), and who was as a result,
deemed in terms of the amendment to the articles of association to have elected
to sell their entire shareholding to Set Point and/or Brubin Pumps (Proprietary)
Limited and who furthermore can reasonably satisfy the Set Point board of
directors ("the board") that they did not in good faith receive the circular
("good faith shareholder"), is entitled for a period of thirty (30) days from
the date of this announcement, to subscribe for and be issued such number of Set
Point shares as were repurchased from them by default against payment by such
Set Point shareholder of an amount equal to the specific offer consideration of
90 cents per Set Point share ("specific offer consideration").
A good faith shareholder must contact the Set Point company secretary (Martyn
Evers, 30 Electron Avenue, Isando, 1601 or PO Box 856, Isando, 1600) in writing,
before 19 August 2010 and submit a letter to the board certifying that: (1) he
did not in good faith receive the circular and/or the notice of general meeting
and (2) if he had received the circular and/or the notice of general meeting he
would have elected to retain all or some of his shareholding in Set Point and
requesting that such number of Set Point shares as were repurchased from him by
default be issued to him at the specific offer consideration.
For clarity, this provision does not apply to Set Point shareholders who
received the circular and/or notice of general meeting and failed, for whatever
reason, to make a valid election to remain invested in Set Point.
.
Isando
19 July 2010
Lead joint sponsor 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: 19/07/2010 14:56:01 Produced by the JSE SENS Department.
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