| Wed 19 Oct 2011, 16:00 | | SFN/SFNP/IQG - Sasfin Holdings Limited/Iquad Group Limited - Posting of circular |
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IQG SFN SFNP
IQG SFN
SFN/SFNP/IQG - Sasfin Holdings Limited/Iquad Group Limited - Posting of circular
important dates and times
SASFIN HOLDINGS LIMITED
(Incorporated In the Republic Of South Africa)
(Registration Number 1987/002097/06)
Ordinary share code: SFN ISIN: ZAE000006565
Preference share code: SFNP ISIN: ZAE000060273
("Sasfin")
IQUAD GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration Number 2004/025177/06)
Share Code: IQG
ISIN: ZAE000101622
("IQuad")
POSTING OF CIRCULAR IMPORTANT DATES AND TIMES
IQuad shareholders ("Shareholders") are referred to the joint announcement of a
disposal and acquisition of securities and mandatory offer by Sasfin ("Sasfin
Offer"), published on SENS on 12 September 2011, in terms of section 123 of the
Companies Act No. 71 of 2008, as amended ("Companies Act").
Shareholders are hereby advised that a circular containing details of the Sasfin
offer has been posted to Shareholders on Wednesday, 19 October 2011.
Shareholders are advised that the completion of the Sasfin offer is subject to
the fulfillment of certain conditions precedent set forth in the Circular.
IMPORTANT DATES AND TIMES
The important dates and times relating to the Sasfin Offer ("Timetable") are set
out below. Words and expressions in the Timetable and notes thereto shall have
the same meanings as assigned to them in the Circular.
Mandatory offer document posted to IQuad Wednesday, 19 October 2011
minorities on
Mandatory offer opens at 09:00 on Thursday, 20 October 2011
If all conditions are fulfilled:
Announcement that mandatory offer is Wednesday, 21 December 2011
unconditional to be published on SENS on
Announcement that mandatory offer is Thursday, 22 December 2011
unconditional to be published in the press on
Finalisation Date Thursday, 29 December 2011
Last day to trade in IQuad shares Friday, 6 January 2012
Shares trade "ex" the mandatory offer Monday, 9 January 2012
Mandatory offer closes at 12:00 on Friday, 13 January 2012
Result of mandatory offer to be published on Monday, 16 January 2012
SENS on
Offer consideration credited to the offer Monday, 16 January 2012
participant`s accounts at his CSDP or
stockbroker (as the case may be) in cases where
the shares surrendered in terms hereof are held
by such CSDP or stockbroker as nominee for the
offer participant on
Cheques posted to or credited to the bank Monday, 16 January 2012
accounts of the offer participants (who hold
their shares in their own names) at the offer
participant`s own risk, in settlement of the
offer consideration (subject to receipt by the
transfer secretaries of the relevant share
certificates) on
Results of the mandatory offer to be published Tuesday, 17 January 2012
in the press on
Notes:
1. The above dates and times are subject to amendment by the offeror. Any such
amendment will be published on SENS and in the press.
2. All times indicated above are South African times.
3. In terms of the Companies Regulations, the mandatory offer must remain open
for at least 10 business days after the date that it is announced that the
mandatory offer is unconditional. Accordingly, the offeror reserves the
right to change the closing date to an earlier or later business day, which
shall be announced by Sasfin in the announcement that the mandatory offer
is unconditional, which date shall be a Friday, shall not be earlier than
10 business days after the date of the announcement, and shall not be
earlier than 30 business days from the opening date of the offer.
19 October 2011
Johannesburg
Sponsor and corporate advisor to Sasfin
Sasfin Capital
A division of Sasfin Bank Limited
Corporate Advisor to IQuad
PSG Capital (Pty) Ltd
Corporate Law Advisors to Sasfin
Edward Nathan Sonnenbergs INC
Independent Expert to the Independent Board
Mazars Corporate Finance (Pty) Limited
Date: 19/10/2011 16:00:12 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
