ADAPT IT HOLDINGS LIMITED - ADI : Voluntary Announcement: Update Following Results Presentation
ADI : Voluntary Announcement: Update Following Results Presentation:
Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/017276/06)
Share code: ADI ISIN: ZAE000113163
("Adapt IT" or "the Company")
VOLUNTARY ANNOUNCEMENT: UPDATE FOLLOWING RESULTS PRESENTATION
Further to the Company's interim results presentation on 25 February 2020, and following
stakeholder engagement, the board of directors of Adapt IT ("the Board") wishes to advise
shareholders of its intention to prioritise reduction of net interest bearing debt back to the targeted
level of 50% of equity, and as a consequence, is suspending all acquisitions until such time.
Further, the Board believes that the Company is able to reduce its debt in the ordinary course of
business to the targeted level.
The Board wishes to clarify that the Company is not contemplating a rights issue at this stage.
Johannesburg
4 March 2020
Sponsor
Merchantec Capital
Date: 04-03-2020 08:10:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
