EXL - Excellerate Holdings Limited - Renewal of cautionary relating to a
EXL
EXL
EXL - Excellerate Holdings Limited - Renewal of cautionary relating to a
potential delisting of The Company`s shares from the JSE Limited
EXCELLERATE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1997/009884/06)
Share code: EXL
ISIN: ZAE000026092
("the company")
RENEWAL OF CAUTIONARY RELATING TO A POTENTIAL DELISTING OF THE COMPANY`S SHARES
FROM THE JSE LIMITED
Shareholders are referred to the cautionary announcement published on SENS on 20
March 2012 and are advised that the company`s board is considering a delisting
of the company`s shares from the JSE Limited ("the delisting").
The delisting, should it proceed, shall be accompanied by a cash offer to all
shareholders who wish to monetise their investment (without any shareholder
being obliged to monetise its investment) in the company. Accordingly all
shareholders shall be entitled to continue to hold shares in the company post
the delisting.
The company is in the process of engaging with its larger shareholders and has
to date received irrevocable undertakings from shareholders holding in excess of
60.0% of the company`s shares (excluding treasury shares and shares held within
the company`s share incentive scheme) to support the delisting at a minimum
offer price of R1.10 per share.
Discussions in this regard are ongoing and accordingly shareholders are advised
to continue exercising caution when dealing in their shares in the company.
Johannesburg
26 April 2012
Corporate advisor and lead transaction sponsor
Java Capital
Sponsor
One Capital
Date: 26/04/2012 15:25:01 Produced by the JSE SENS Department.
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