| Mon 12 Oct 2015, 17:03 | | JASCO ELECTRONICS HOLDINGS LIMITED - Posting of circular and notice of general meeting |
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JSC 201510120048A
Posting of circular and notice of general meeting
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC ISIN: ZAE000003794
("Jasco" or “the Group”)
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
Shareholders are referred to the detailed terms
announcement released on SENS on 17 July 2015, as well as
the follow up announcement released on 14 September 2015
which advised that Jasco, had entered into a heads of
agreement with Jasco Cables Investments Proprietary
Limited’s (“Jasco Cables”), a wholly owned subsidiary of
Jasco, Community Investment Holdings Proprietary Limited
(“CIH”), a related party, and Malesela Holdings No.1
Proprietary Limited (“MH1”), a wholly owned subsidiary of
CIH, in terms of which, MH1 will acquire Jasco Cables’
51.1% shareholding in Malesela Taihan Electric Cable
Proprietary Limited (“M-TEC”) for an aggregate purchase
price of R60 million (the “Transaction”), in line with the
valuation and fairness report prepared by an independent
expert.
Shareholders are advised that the circular to shareholders
was posted today.
Included in the circular is a notice of general meeting of
shareholders which will be held in the company’s boardroom,
Jasco Office Park, Corner Alexandra Avenue and Second
Street, Midrand, on 10 November 2015, at 15:30, to transact
the business as stated in the notice of the general
meeting.
The record date, for purposes of determining which
shareholders are entitled to receive the notice of general
meeting, was Friday, 2 October 2015.
The last day to trade and the record date, in order for
shareholders to be eligible to participate in and vote at
the general meeting, are 23 October 2015 and 30 October
2015, respectively.
The circular to shareholders can be found on the company
website: www.jasco.co.za
Midrand
12 October 2015
Sponsor
Grindrod Bank Limited
Legal Advisor to Jasco
Norton Rose Fulbright
Date: 12/10/2015 05:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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