| Fri 23 Mar 2012, 15:18 | | IFC - IFCA Technologies Limited - Posting of circular and important dates |
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IFC
IFC
IFC - IFCA Technologies Limited - Posting of circular and important dates
and times
IFCA TECHNOLOGIES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/030759/06)
Share code: IFC ISIN: ZAE000088555
("IFCA" or "the Company")
POSTING OF CIRCULAR AND IMPORTANT DATES AND TIMES
1. Posting of the circular
Further to the announcement released on SENS on 20 March 2012, the
board of directors of IFCA is pleased to advise shareholders that the
circular containing full details of, inter alia, the mandatory offer
(which mandatory offer is unconditional), the IFCA sWare Disposal and
change of name of the Company 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 IFCA sWare Disposal and change
of name of the Company ("Circular") has been distributed to
shareholders on Friday, 23 March 2012.
2. Important dates and times
The salient dates relating to the mandatory offer, as well as the IFCA
sWare Disposal, the conversion and increase in authorised no par value
share capital of the Company and the change of name of the Company,
which are collectively referred to in the Circular as the corporate
actions, are set out below:
2012
Circular posted to IFCA shareholders on Friday, 23 March
Declaration information in respect of the Friday, 23 March
change of name released on SENS on
Mandatory offer opens at 09:00 on Monday, 26 March
Last day to trade in respect of the mandatory Friday, 11 May
offer
Shares trade "ex" the mandatory offer Monday, 14 May
Last day to trade in respect of the general Friday, 18 May
meeting
Mandatory offer record date Friday, 18 May
Mandatory offer closes at 12:00 on Friday, 18 May
Results of mandatory offer released on SENS on Monday, 21 May
Dematerialised shareholders who have accepted Monday, 21 May
the mandatory offer will have their accounts at
their CSDP or broker updated within six
business days of notification to the relevant
CSDP or broker in terms of the relevant custody
agreement between the dematerialised
shareholder and its CSDP or broker, with the
last date on which such accounts being updated
on
Provided their IFCA documents of title, Monday, 21 May
together with the completed form of acceptance,
surrender and transfer (white) have been
surrendered to the transfer secretaries by no
later than 12:00 on the mandatory offer record
date, certificated shareholders who have
accepted the mandatory offer will be paid
within six business days of receipt thereof by
the transfer secretaries, by bank transfer or
by cheque (which will be posted by ordinary
mail) with the last payment being made on
General meeting record date Friday, 25 May
Last day to lodge forms of proxy for the Thursday, 31 May
general meeting by 10:00 on
General meeting to be held at 10:00 on Monday, 4 June
Results of general meeting released on SENS on Monday, 4 June
Finalisation announcement in respect of the Friday, 29 June
change of name released on SENS on
Last day to trade in the name of IFCA Friday, 6 July
No share certificates in the name of IFCA may Friday, 6 July
be dematerialised/rematerialised after
Shares will trade in the new name of Sherbourne Monday, 9 July
Capital Limited with ISIN: ZAE000165403 and JSE
share code: SHB from
Record date in respect of change of name of the Friday, 13 July
Company
Dematerialised shareholders will have their Monday, 16 July
accounts at their CSDP or broker updated
Certificated shareholders will have new share Monday, 16 July
certificates in the name of Sherbourne Capital
Limited posted by registered post, provided
their IFCA documents of title have been
surrendered by 12:00 on the name change record
date (otherwise within five business days after
receipt of such documents of title)
Note:
1. The above dates and times are subject to amendment. Any such
amendment will be released on SENS.
2. Additional copies of the Circular in its printed format may be
obtained from the Designated Adviser during normal business hours
from Friday, 23 March 2012 up to and including, Friday, 13 July
2012.
3. Change of name of the Company
Subject to the approval of shareholders in general meeting, it is
proposed that the name of the Company be changed from `IFCA
Technologies Limited` to `Sherbourne Capital Limited` with effect from
Monday, 9 July 2012 in order to better reflect the Company`s new
corporate identity and repositioning from a technology provider into a
high growth business incubator.
The name has been reserved for the Company by the Companies and
Intellectual Property Commission. The abbreviated name of the Company
to be used for purposes of the JSE trading system will be SHERCAP and
the JSE share code will be SHB. A special resolution to effect the
proposed change of name is included in the notice of general meeting
which is attached to and forms part of the Circular.
The change of name of the Company will result in certificated IFCA
shareholders having to exchange their existing share certificates for
new share certificates reflecting the new name of the Company in
accordance with the procedure for surrendering existing documents of
title as detailed in the Circular. IFCA shareholders holding
certificated shares will therefore be required to complete the form of
surrender (blue), which is attached to and forms part of the Circular,
in accordance with the instructions contained therein.
IFCA shareholders holding shares in dematerialised form need not take
any action in this regards, as their accounts will be updated
automatically by their CSDP or broker.
23 March 2012
Designated Adviser
Merchantec Capital
Date: 23/03/2012 15:18:01 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.
