4SIGHT HOLDINGS LIMITED - Update on Completion of Conditions Precedent Relating to the Acquisition of Foursight Holdings Limited and its Subs
4SI 201802010083A
Update on Completion of Conditions Precedent Relating to the Acquisition of Foursight Holdings Limited and its Subs
4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
(“4Sight Holdings” or “the Company”)
ISIN Code: MU0557S00001 JSE Code: 4SI
UPDATE ON COMPLETION OF CONDITIONS PRECEDENT RELATING TO THE ACQUISITION OF
FOURSIGHT HOLDINGS LIMITED AND ITS SUBSIDIARIES (“FOURSIGHT SOUTH AFRICA”)
Shareholders are referred to the announcement relating to the acquisition of the entire issued
share capital and loan account claims of the Foursight South Africa group with effect from
1 January 2018 and are advised that the following conditions precedent previously announced
have been completed:
- the approval by the Board of directors of 4Sight Holdings by not later than 31 January
2018;
- the conclusion of a satisfactory due diligence process on Foursight South Africa and its
underlying subsidiaries, namely Visualitics, Fleek and Casewise by no later than
31 January 2018; and
- approval of the shareholders of Foursight South Africa.
As previously announced, the acquisition is classified as a related party transaction with a
categorisation of just over 10% and accordingly a fairness opinion is required in accordance
with the JSE Listings Requirements. The fairness opinion must conclude that the transaction is
fair, failing which shareholder approval will be required. A further announcement will be made
once the fairness opinion has been issued.
Mauritius
1 February 2018
Designated Advisor
Arbor Capital Sponsors Proprietary Limited
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