| Mon 8 May 2023, 12:00 | | JASCO ELECTRONICS HOLDINGS LIMITED - Finalisation Announcement – Offer and Delisting |
|
Finalisation Announcement – Offer and Delisting
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC ISIN: ZAE000003794
("Jasco" or “the Company”)
Finalisation Announcement – Offer and Delisting
Shareholders are referred to the Results of General Meeting – Offer
and Delisting announcement that was released on SENS on 26 April 2023
which advised that the Offer has become unconditional and will be
implemented, subject only to the Takeover Regulation Panel issuing
the compliance certificate in terms of section 119(4) of the
Companies Act.
Shareholders are advised that the TRP has issued the abovementioned
compliance certificate dated Monday, 8 May 2023. The Offer and
Delisting will continue to be implemented in accordance with its
terms and the salient dates and times set out below.
Salient dates and times relating to the Offer and Delisting
2023
Finalisation announcement published in Tuesday, 9 May
the South African press
First date on which the Offer Monday, 15 May
Consideration is to be sent by EFT to
Offer participants who are certificated
Shareholders who have lodged their Form
of Surrender and Transfer (green) with
the transfer secretaries on or prior to
the Offer being declared wholly
unconditional, on
First date on which dematerialised Offer Monday, 15 May
participants are to have their accounts
with their broker or CSDP credited with
the Offer Consideration, on
Last day to trade to take up the Offer Tuesday, 16 May
Suspension of the listing of the Shares Wednesday, 17 May
at the commencement of trade on the JSE
Offer Record Date Friday, 19 May
Offer Closing Date. Forms of Surrender Friday, 19 May
and Transfer (green) to be submitted by
12:00 on
Last date on which the Offer Monday, 22 May
Consideration is to be sent by EFT to
Offer Participants who are Certificated
Shareholders who have lodged their Form
of Surrender and Transfer (green) with
the Transfer Secretaries on or prior to
the last day to trade to take up the
Offer, on
Last date on which dematerialised Offer Monday, 22 May
participants are to have their accounts
with their broker or CSDP credited with
the Offer Consideration on
Termination of the listing of the Shares Tuesday, 23 May
at commencement of trade on the JSE
Notes:
1. Jasco Share certificates may not be dematerialised or
rematerialised after Tuesday, 16 May 2023.
2. All times given in this announcement are local times in South
Africa.
3. The date of payment of the Offer Consideration, will take place
within six business days of the later of the Offer being
declared wholly unconditional and acceptance of the Offer by
the Offer participant and in accordance with paragraph 6 of the
Offer Circular in respect of certificated Shareholders.
Tax implications for Offer Participants
The tax implications for Offer Participants are dependent on the
individual circumstances and the jurisdiction(s) and relevant tax
laws of such jurisdiction(s) that may be applicable to such Offer
Participants. Accordingly, it is recommended that if Offer
Participants are uncertain about the tax treatment of the sale of
the Offer Shares to the Offeror and the receipt of the Offer
Consideration, they seek appropriate advice in this regard.
Any Securities Transfer Tax (levied at a rate of 0.25%) payable in
respect of the transfer of the Offer Shares to the Offeror, will be
payable by the Offeror.
Jasco Independent Board and Jasco Board Responsibility Statement
The Independent Board and the Jasco Board, individually and
collectively accept full responsibility for the accuracy of the
information contained in this announcement, and certify that, to the
best of their respective knowledge and belief, the information is
true and, where appropriate, this announcement does not omit
anything likely to affect the importance of the information
included.
Offeror Responsibility Statement
The Offeror accepts responsibility for the information contained in
this announcement insofar as it relates to detail around the Offeror
and the Offer. To the best of its knowledge and belief, the
information contained in this announcement is true and this
announcement does not omit anything likely to affect the importance
of the information.
Midrand
8 May 2023
Corporate Advisor and Transaction Sponsor: Grindrod Bank Limited
Date: 08-05-2023 12:00:00
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.
