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 17.22% to 17.61% and the Concert Parties in respect
of the Scheme collectively increasing their interest in Vox ordinary shares from
42.06% to 42.45%.
Johannesburg
5 October 2011
Financial Advisor
Investec Corporate Finance
Designated Advisor
Grindrod Bank Limited
Date: 05/10/2011 16:43:58 Produced by the JSE SENS Department.
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