Crux Technologies Limited - Circular To Crux Share
Crux Technologies Limited - Circular To Crux Shareholders
Crux Technologies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/012784/06)
Share code: CRX
ISIN code: ZAE000015855
("Crux" or "the company")
CIRCULAR TO CRUX SHAREHOLDERS
Crux shareholders are referred to the announcement published in the press on
Monday, 22 April 2002, in which details of the disposal of the contracting
business of Crux Information Technologies (Proprietary) Limited ("the disposal")
were included, and the subsequent announcements by Crux, the latest of which was
published on 13 September 2002, referring to the delays in finalising one of the
conditions precedent.
This condition precedent relates to the assignment of a lease over the premises
in which the contracting business is based. The lessor has ceded its rights in
terms of the lease to Nedcor Investment Bank Limited ("NIB"). Negotiations with
NIB have been protracted and, although agreement has now been reached in
principle, the matter has not been finalised. In order to fulfil the above
condition, the lease must be assigned, and related agreements conducted, by 31
October 2002, or such later date as the parties may agree in writing.
The sale agreement relating to the disposal was signed on 12 October 2002. A
circular containing full details of the disposal, and including a notice of
general meeting of Crux shareholders to be held on 31 October 2002, was posted
to Crux shareholders today.
Midrand
16 October 2002
Sponsor Corporate advisor
Grant Thornton Kessel Feinstein Brait Advisory Services Limited
Corporate Sponsors (Proprietary)
Limited
Legal advisor Independent advisor
Webber Wentzel Bowens Barnard Jacobs Mellet Corporate
Finance (Proprietary) Limited
Date: 16/10/2002 03:45:34 PM Produced by the JSE SENS Department
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