Comparex Holdings Limited
(Registration number 1994/002506/06)
("Comparex")
Real Africa Investments Limited
(Registration number 1994/000398/06)
("RAI")
Real Africa Holdings Limited
(Registration number 1994/003919/06)
("RAH")
(collectively, "the Real Africa Group")
Fulfilment of suspensive conditions
Further to the separate announcements published by Comparex and the Real Africa
Group on 22 January 2001 and the announcement published by Comparex on 3 April
2001, Rand Merchant Bank and Standard Corporate and Merchant Bank are
authorised to announce that all the suspensive conditions to amend the
shareholders' agreement ("the agreement") between Comparex, Persetel Q Data
Africa Holdings Limited ("PQAH") and RAH have now been fulfilled.
In terms of the agreement, Comparex will allow the early release to PQAH of 31
967 213 Dimension Data Holdings plc ordinary shares currently held in escrow on
behalf of PQAH. In addition, PQAH has given an irrevocable undertaking to
Comparex to exchange its shareholding in Persetel Q Data Africa (Proprietary)
Limited ("PQA") between 1 June and 31 October 2002 for 63 934 426 new Comparex
shares ("the exchange") and has granted Comparex the right to implement the
exchange at any time before 30 November 2002. PQAH has pledged to Comparex its
shareholding in PQA as security for its obligation to implement the exchange.
Midrand and Houghton
3 May 2001
Merchant bank and sponsor to Comparex
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Merchant bank to the Real Africa Group
SCMB
Standard Corporate and Merchant Bank
(A Division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Attorneys
Brink Cohen Le Roux & Roodt Inc
Attorneys
Reg No. 1992/00451/21
Corporate law advisors and consultants to the Real Africa Group
Edward Nathan & Friedland
Edward Nathan & Friedland (Pty) (Ltd)
(Registration number 1999/026464/07)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
