ACCENTUATE LIMITED - Further update announcement regarding the specific repurchase circular to shareholders
ACE 201908050036A
Further update announcement regarding the specific repurchase circular to shareholders
ACCENTUATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
JSE Share code: ACE ISIN: ZAE000115986
("Accentuate" or "the Company")
FURTHER UPDATE ANNOUNCEMENT REGARDING THE SPECIFIC REPURCHASE CIRCULAR TO
SHAREHOLDERS
Accentuate shareholders are referred to the announcement released by Accentuate on SENS on 21
February 2019 wherein shareholders were advised that Accentuate had agreed to the key terms of a
proposed transaction ("Sale of Shares, Claims and Cancellation Agreement") with Pentafloor
Proprietary Limited ("Pentafloor") whereby Accentuate will dispose of its entire 100% shareholding in
Pentafloor to the original Pentafloor vendors.
Accentuate shareholders are further referred to the announcements released by Accentuate on SENS
on 3 April 2019 and 16 April 2019 relating to subordinated convertible loan agreements,
herein after collectively referred to as the "Transactions".
Due to the Transactions happening within a month of the other, the Directors deemed it prudent to
combine the two circulars in order to reduce costs. However, as announced on SENS on 21 May 2019
the Company changed audit firms which further delayed the submission of the combined transactions
circular. Shareholders are advised that the JSE Limited has granted the Company a further extension
to the 60 day rule pursuant to paragraph 11.23 of the JSE Listings Requirements to dispatch the circular
to shareholders regarding the specific repurchase.
The extension has been granted until 31 August 2019.
Johannesburg
5 August 2019
Designated Advisor: Bridge Capital Proprietary Limited
Legal Advisor to Accentuate: Fullard, Mayer, Morrison Inc.
Date: 05/08/2019 01:54:00
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