SFN/IQG - Sasfin/IQuad - Results of Mandatory Offer to Iquad Shareholders
IQG SFN SFNP
IQG SFN
SFN/IQG - Sasfin/IQuad - Results of Mandatory Offer to Iquad Shareholders
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")
RESULTS OF mandatory offer to Iquad shareholders
Shareholders are referred to the announcements dated 19 September 2011 and 15
November 2011 and to the circular dated 19 October 2011 regarding a mandatory
offer ("the offer") by Sasfin("the offeror") to minority shareholders in IQuad.
Shareholders are advised that the offer, which closed at 12:00 on Friday, 2
December 2011, was accepted in respect of 5 062 095 IQuad shares, comprising 32%
of the total number of minority shares in IQuad which were the subject of the
offer.
Accordingly, together with the 12 042 344 ordinary shares (42.9%) purchased by
Sasfin and 2 290 000 IQuad ordinary shares(8.2%) purchased from Thembeka Capital
Limited in terms of the option agreement as detailed in the above-mentioned
circular, and the 5 062 095 offer shares, Sasfin has now acquired a 69%
shareholding in IQuad.
05 December 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
Date: 05/12/2011 16:53:01 Produced by the JSE SENS Department.
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