| Mon 25 Jul 2011, 16:53 | | VOX - Vox Telecom - Acquisition of Ordinary Shares by Investec Bank Limited |
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VOX
VOX
VOX - Vox Telecom - Acquisition of Ordinary Shares by Investec Bank Limited
VOX TELECOM LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1998/016433/06
JSE Code: VOX
ISIN Code: ZAE000097234
("Vox Telecom" or "the Company")
Acquisition of Ordinary Shares by Investec bank limited
In accordance with Regulation 98 of the Companies Act, 71 of 2008 ("the Act"),
holders of ordinary shares in the Company are advised that Investec Bank
Limited ("IBL") has acquired shares in the open market at a price below the
proposed cash consideration of 45 cents per ordinary share contemplated in the
firm intention announcement released on SENS on 14 July 2011. The firm
intention announcement included particulars setting our terms upon which IBL
is acting in concert with Lereko Metier Trustees (Proprietary) Limited, in its
capacity as a trustee of Lereko Metier Capital Growth Fund, Master`s reference
number IT 11855/06 and the LMCGF Parallel Trust 1, Master`s reference number
IT 12788/07 ("Lereko Metier") (collectively, the "Concert Parties") for the
purpose of acquiring the entire issued and to be issued share capital in Vox
Telecom Limited ("Vox") by way of a scheme of arrangement in terms of section
114 of the Act ("the Scheme").
In addition, in accordance with section 122(3)(b) of the Act, holders of
ordinary shares in the Company are advised that IBL has acquired 71,512,791
ordinary shares in the Company resulting in a total beneficial interest in Vox
ordinary shares of 6.5%. Furthermore in accordance with section 122(3)(b) of
the Act, holders of ordinary shares in the Company are advised that the
Concert Parties in respect of the Scheme collectively hold 346,908,928
ordinary shares in the Company resulting in a total beneficial interest in Vox
ordinary shares of 31.3%.
Johannesburg
25 July 2011
Financial Advisor
Investec Corporate Finance
Designated Advisor
Grindrod Bank Limited
Date: 25/07/2011 16:53:42 Produced by the JSE SENS Department.
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