|
WLO WLN WLP1 WLOP
WLO
WLO/WLN/WLOP/WLP1 - Wooltru Limited - Changes to the Board and conclusion of the
PBT acquisition
Wooltru Limited
(Registration number 1936/008278/06)
JSE share code: WLO ISIN: ZAE000007993
JSE share code: WLN ISIN: ZAE000008744
JSE share code: WLOP ISIN: ZAE000008009
JSE share code: WLP1 ISIN: ZAE000008017
("Wooltru" or "the Company")
SUCCESSFUL CONCLUSION AND IMPLEMENTATION OF THE PBT GROUP ACQUISITION
Shareholders are advised that all the conditions precedent have been met for the
successful conclusion of the PBT Group acquisition, whereby Wooltru Limited
("Wooltru") acquired 100% of PBT Group (SA) (Proprietary) Limited, 100% of
Stricklands Tetra Cape (Proprietary) Limited and 51% of PBT Insurance
Technologies (Proprietary) Limited from PBT Holdings (Pty) Limited for a maximum
consideration of R232 170 000 to be settled by way of an issue of 5 146 199 700
Wooltru ordinary shares at 4.51 cents per share.
In terms of the acquisition agreement and pursuant to the re-organisation of the
Company`s share capital as detailed in the circular to shareholders dated
Monday, 20 September 2010, 4 116 959 760 Wooltru ordinary shares will be
allotted and issued to PBT Holdings (Proprietary) Limited on Thursday, 25
November 2010 and subsequently listed on the JSE Main Board on Monday, 29
November 2010.
As previously announced, Mr. Allan Groll and Mr. Johannes van der Horst are to
resign from the board with immediate effect, Mr. Monty Kaplan`s designation will
change from independent non-executive chairman to independent non-executive
director whilst Mr. Adriaan Murray Louw will retain his position as Financial
Director. The following directors will be appointed to the board with immediate
effect:
Hermanus Christiaan Steyn Independent Non-executive Chairman
Pieter Jacobus de Wet Chief Executive Officer
Martin Hugo Rennhackkamp Chief Operating Officer
Kenneth Norman Wood Executive director
Nitesh Vallabh Executive director
Bianca Pieters has been appointed as Company Secretary with effect from 1
November 2010 replacing Arthur Winkler who will resign as Company Secretary with
effect from 29 October 2010.
Cape Town
29 October 2010
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 29/10/2010 07:06:02 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
