| Tue 30 Aug 2011, 10:16 | | 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 not greater than 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 Trutees (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 a total of
166,392,323 ordinary shares in the Company resulting in a total beneficial
interest in Vox ordinary shares of 15.01%. 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
441,788,460 ordinary shares in the Company resulting in a total beneficial
interest in Vox ordinary shares of 39.85%.
Johannesburg
30 August 2011
Financial Advisor
Investec Corporate Finance
Designated Advisor
Grindrod Bank
Date: 30/08/2011 10:16:01 Produced by the JSE SENS Department.
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