| Tue 1 Nov 2011, 14:35 | | IFC - IFCA Technologies Limited - Further update to the mandatory |
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IFC
IFC
IFC - IFCA Technologies Limited - Further update to the mandatory
offer, disposal of IFCA software (Proprietary) Limited and Acquisition
of Third Wave diving and travel (Proprietary) Limited
IFCA TECHNOLOGIES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/030759/06)
Share code: IFC ISIN: ZAE000088555
("IFCA" or "the Company")
FURTHER UPDATE TO THE MANDATORY OFFER, DISPOSAL OF IFCA SOFTWARE
(PROPRIETARY) LIMITED AND ACQUISITION OF THIRD WAVE DIVING AND TRAVEL
(PROPRIETARY) LIMITED
Further to the announcements released on SENS on 5 August 2011 and 21
September 2011 which set out the details of, inter alia, the IFCA sWare
Disposal, the Third Wave Acquisition (collectively referred to
hereinafter as the "Corporate Actions"), the mandatory offer and the
OAMM Acquisition, and using the terms defined therein unless otherwise
stated, shareholders are hereby provided with a further update thereto.
Shareholders are reminded that, as stated in the announcement dated 21
September 2011, the OAMM Acquisition is in the process of being
restructured and that the revised terms thereof will be announced in
due course. Accordingly, a resolution seeking shareholder approval for
the OAMM Acquisition will not be included in the circular to IFCA
shareholders ("Circular") referred to below.
Shareholders are also advised that the Circular, containing full
details of, inter alia, the mandatory offer and the Corporate Actions,
as well as a notice to convene a general meeting of IFCA shareholders
in order to consider and, if deemed fit to pass, with or without
modification, the resolutions necessary to approve and implement, inter
alia, the Corporate Actions, is in the process of being finalised.
Accordingly, the board of directors of IFCA expect to distribute the
Circular in due course.
Shareholders will be kept updated with regards to the expected date of
distribution of the Circular.
1 November 2011
Designated Adviser
Merchantec Capital
Date: 01/11/2011 14:35:07 Produced by the JSE SENS Department.
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