VOX - Vox Telecom Limited - Acquisition of Ordinary Shares by Investec Bank
VOX
VOX
VOX - Vox Telecom Limited - 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 out 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").
The above transaction has resulted in IBL increasing their beneficial interest
in Vox ordinary shares from 6.5% to 7.8% and the Concert Parties in respect of
the Scheme collectively increasing their interest in Vox ordinary shares from
31.3% to 32.6%.
Johannesburg
26 July 2011
Financial Advisor
Investec Corporate Finance
Date: 26/07/2011 17:05:43 Produced by the JSE SENS Department.
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