VOX - Vox Telecom Limited - Acquisition of ordinary shares by Investec
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 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 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 15.01% to 15.24% and the Concert
Parties in respect of the Scheme collectively increasing their interest
in Vox ordinary shares from 39.85% to 40.08%.
Johannesburg
13 September 2011
Financial Advisor:
Investec Corporate Finance
Designated Advisor:
Grindrod Bank Limited
Date: 13/09/2011 15:35:55 Produced by the JSE SENS Department.
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