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JSE
GEN
GEN - General - Mandatory offer extened by concert parties to the remaining
shareholders of Convergenet Holdings Limited: Finalisation Date Announcement
MANDATORY OFFER EXTENED BY CONCERT PARTIES TO THE REMAINING SHAREHOLDERS OF
CONVERGENET HOLDINGS LIMITED: FINALISATION DATE ANNOUNCEMENT
Shareholders of ConvergeNet Holdings Limited, registration number 1998/015580/06
("ConvergeNet") are referred to the announcements regarding the mandatory offer
extended by concert parties to the remaining shareholders of ConvergeNet for an
offer consideration of 26 cents per share, in terms of section 123 of the
Companies Act No. 71 of 2008, as amended (the "Mandatory Offer"), the last of
which was announced on SENS and published in the press on 19 March 2012 and 20
March 2012, respectively (the "Announcements"). A circular containing details
of the Mandatory Offer was posted to shareholders on Monday, 19 March 2012 (the
"Circular").
The Mandatory Offer is unconditional.
The salient dates and times in respect of the Mandatory Offer remain as
previously advised and are set out below. Words and expressions herein and
notes thereto shall have the same meanings as assigned to them in the
Announcements and the Circular.
Last day to trade in ConvergeNet shares Friday, 4 May
Shares trade "ex" the Mandatory Offer Monday, 7 May
Mandatory Offer closes at 12:00 on Friday, 11 May
Record date to determine which shareholders are Friday, 11 May
eligible to accept the Mandatory Offer
Result of Mandatory Offer released on SENS on Monday, 14 May
Offer consideration credited to the offer Monday, 14 May
participant`s accounts at his CSDP or stockbroker (as
the case may be) in cases where the shares
surrendered in terms hereof are held by such CSDP or
stockbroker as nominee for the offer participant (see
note 4) on
Cheques posted to or credited to the bank accounts of Monday, 14 May
the offer participants (who hold their shares in
their own names) at the offer participant`s own risk,
in settlement of the offer consideration (subject to
receipt by the transfer secretaries of the relevant
share certificates) (see note 4) on
Results of the Mandatory Offer published in the press Tuesday, 15 May
on
Notes:
1. Share certificates may not be dematerialised or rematerialised between
Monday, 7 May 2012 and Friday, 11 May 2012, both days inclusive.
2. All times indicated above are South African times.
3. The offer consideration shall be credited to the offer participant`s
accounts at his CSDP or stockbroker (as the case may be), in cases where
the shares surrendered in terms hereof are held by such CSDP or stockbroker
as nominee for the offer participant, within 6 (six) business days of
acceptance of the offer, with the last payment being made on the first
business day following the closing date.
Johannesburg
25 April 2012
Corporate Advisor to the Offeror: AfrAsia Corporate Finance (Proprietary)
Limited
Date: 25/04/2012 12:24:00 Produced by the JSE SENS Department.
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