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 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 and the circular posted to Vox shareholders on 9 September 2011. The
firm intention announcement and the circular 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 15.24% to 17.22% and the Concert
Parties in respect of the Scheme collectively increasing their interest in
Vox ordinary shares from 40.08% to 42.06%.
Johannesburg
23 September 2011
Financial Advisor
Investec Corporate Finance
Designated Advisor
Grindrod Bank
Date: 23/09/2011 14:09:03 Produced by the JSE SENS Department.
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