| Fri 9 Dec 2011, 17:10 | | IFC - IFCA Technologies Limited - Renewal of cautionary announcement and further |
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IFC
IFC
IFC - IFCA Technologies Limited - Renewal of cautionary announcement and further
update to the mandatory offer, disposal of IFCA Software Proprietary Limited and
acquisition
IFCA TECHNOLOGIES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/030759/06)
Share code: IFC ISIN: ZAE000088555
("IFCA" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT AND FURTHER UPDATE TO THE MANDATORY OFFER,
DISPOSAL OF IFCA SOFTWARE PROPRIETARY LIMITED AND ACQUISITION OF THIRD WAVE
DIVING AND TRAVEL PROPRIETARY LIMITED
Renewal of cautionary announcement
Further to the cautionary announcement dated 3 March 2011, and the subsequent
renewal of cautionary announcements, the last of which was dated 28 October
2011, shareholders are advised that numerous negotiations are still in progress,
which if successfully concluded, may have a material effect on the price of the
Company`s securities.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company`s securities, until a further announcement is made.
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 announcement released on SENS on 1 November 2011 and using the
terms defined therein unless otherwise stated, shareholders are hereby provided
with a further update thereto.
Shareholders are advised that the Circular, containing full details of, inter
alia, the mandatory offer, the IFCA sWare Disposal and the Third Wave
Acquisition, 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 still in the process of being finalised. The Board
expects to finalise and distribute the Circular around February 2012.
Shareholders will be kept updated with regards to the actual expected date of
distribution of the Circular.
9 December 2011
Designated Adviser
Merchantec Capital
Date: 09/12/2011 17:10:01 Produced by the JSE SENS Department.
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