| Tue 3 Jul 2012, 13:01 | | M CUBED HLDGS LTD - RESULT OF MANDATORY OFFER |
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MCU
RESULT OF MANDATORY OFFER
Trinity Asset Management (Pty) Limited
Incorporated in the Republic of South Africa
Registration number: 1996/010864/07
('Trinity')
m Cubed Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1998/014568/06
Share code: MCU
ISIN: ZAE000033353
("m Cubed" or "the Company")
RESULT OF MANDATORY OFFER
Shareholders are referred to the joint firm intention announcement
published on SENS on 26 April 2012, wherein shareholders were advised that
Trinity would make a mandatory offer to all shareholders of m Cubed, save
for Trinity ('Mandatory Offer') to acquire all m Cubed ordinary shares
held by m Cubed shareholders, save for those held by Trinity, in exchange
for the Mandatory Offer consideration of 5 (five) cents per share
('Mandatory Offer Consideration'), the full details of which were
contained in the joint mandatory offer circular that was posted to m Cubed
shareholders on 16 May 2012 ('Mandatory Offer Circular').
The aforementioned Mandatory Offer closed at 12h00 on Friday, 29 June 2012
and shareholders are hereby advised that in terms of the Mandatory Offer,
Trinity received acceptances from m Cubed shareholders holding 255 676 624
m Cubed ordinary shares, constituting approximately 34.56% of the issued
ordinary shares in m Cubed.
Prior to the Mandatory Offer, Trinity held, directly and indirectly, 272
290 298 m Cubed ordinary shares, constituting approximately 34.80% of the
issued ordinary shares in m Cubed. As a result of the Mandatory Offer,
Trinity has increased its shareholding in m Cubed to approximately 71.36%
of the issued ordinary shares in m Cubed. Trinity holds all shares in m
Cubed non-beneficially on behalf of Trinity clients.
Cape Town
3 July 2012
Transaction advisor and sponsor to Trinity & m Cubed: PSG Capital
Date: 03/07/2012 01:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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