HUGE GROUP LIMITED - Notifications in terms of Section 122(3)(b) of the Companies Act and Paragraph 3.83(b) of JSE Listings Requirements
HUG 201401150037A
Notifications in terms of Section 122(3)(b) of the Companies Act and Paragraph 3.83(b) of JSE Listings Requirements
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Group” or “the Company”)
NOTIFICATIONS IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND
PARAGRAPH 3.83(b) OF THE JSE LISTINGS REQUIREMENTS
In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“Companies Act”)
and paragraph 3.83(b) of the Listings Requirements of the Johannesburg Stock Exchange,
shareholders are advised that Huge has received notification in terms of section 122(1) of
the Companies Act that Huge Telecom Proprietary Limited, a wholly owned subsidiary of
the Group, has acquired a beneficial interest in the securities of the Company, such that its
entire beneficial interest amounts to 20.15% of the total number of securities in issue.
Shareholders are further advised that Huge has since applied to the JSE for the
cancellation of a portion of the shares held to reduce the shareholding to 8.37%, which will
be within the 10% holding allowed for treasury shares.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the
required notices with the Takeover Regulation Panel for the acquisition as well as the
cancellation of a portion of the treasury shares as mentioned in the paragraph above, once
the JSE has approved the delisting of the shares.
Johannesburg
15 January 2014
Designated Advisor
Arcay Moela Sponsors Proprietary Limited
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