SFN/SFNP/IQG - Sasfin/IQuad - Update: Results of mandatory offer to IQuad
IQG SFN SFNP
IQG SFN
SFN/SFNP/IQG - Sasfin/IQuad - Update: 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")
UPDATE: RESULTS OF mandatory offer to IQuad shareholders
Shareholders are referred to the announcement dated 5 December 2011 regarding
a mandatory offer ("the offer") by Sasfin("the offeror") to minority
shareholders in IQuad.
Shareholders are advised that the updated number of shares surrendered in
terms of the offer, which closed at 12:00 on Friday, 2 December 2011 were
accepted in respect of 5 375 256 IQuad shares, comprising 33% 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 5 375 256 offer shares, Sasfin has now acquired a
70% shareholding in IQuad.
08 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
Date: 08/12/2011 15:53:00 Produced by the JSE SENS Department.
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