DLG - Dialogue Group Holdings Limited - Disposal of ContinuitySA (Proprietary)
DLG
DLG
DLG - Dialogue Group Holdings Limited - Disposal of ContinuitySA (Proprietary)
Limited ("ContinuitySA"): Results of general meeting and fulfilment of
condition precedent
Dialogue Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 2005/039219/06)
Share Code: DLG
ISIN: ZAE000083820
("Dialogue" or "the Company")
DISPOSAL OF CONTINUITYSA (PROPRIETARY) LIMITED ("ContinuitySA"): RESULTS OF
GENERAL MEETING AND FULFILMENT OF CONDITION PRECEDENT
Shareholders are referred to the circular dated 7 January 2011 detailing the
disposal by Dialogue of its interest in ContinuitySA to CoroCapital Limited and
The Continuity Investment Trust for a total purchase consideration of R35
million ("the Disposal"), and the specific payment to Dialogue shareholders by
way of a reduction in the Company`s share premium account in terms of section 90
of the Companies Act, No. 61 of 1973, as amended ("the Specific Payment") ("the
Transactions").
At a general meeting of shareholders of Dialogue held on Monday, 31 January
2011, all the resolutions relating to the Transactions were passed unanimously
by shareholders present and voting, in person or by proxy, at the general
meeting.
Shareholders are hereby advised that all the conditions precedent, including
ContinuitySA declaring and making payment of a special dividend to its current
registered shareholders in the amount of R4 million, have now been fulfilled,
resulting in the Transactions becoming unconditional.
The special resolution relating to the Disposal will be submitted to CIPRO for
registration in due course. Shareholders are referred to the announcement
released on SENS on 13 January regarding the salient dates in respect of the
Specific Payment.
Johannesburg
1 February 2011
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 01/02/2011 14:54:59 Produced by the JSE SENS Department.
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