| Wed 2 Apr 2003, 18:04 | | Change Of Name Of Netactive Limited To Ccn Holding |
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CHANGE OF NAME OF NETACTIVE LIMITED TO CCN HOLDINGS LIMITED AND TRANSFER OF
SECTOR
NetActive Limited
(To be renamed CCN Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/006000/06)
Share code: NET ISIN: ZAE000017935
("NetActive" or "the Company")
CHANGE OF NAME OF NETACTIVE LIMITED TO CCN HOLDINGS LIMITED AND TRANSFER OF
SECTOR
Introduction
The interim results announcement of the Company in respect of the six months
ended 31 October 2002 which appeared in the press on 20 December 2002, referred
to the disposal by NetActive of its Internet Service Provider division to
Tiscali (Proprietary) Limited, trading as Tiscali World Online, with effect from
1 September 2002 ("the disposal") and the subsequent acquisition by NetActive of
a leading outsourced contact centre services provider business ("CCN"), from
Call Centre Nucleus Holdings (Proprietary) Limited, with effect from 1 November
2002 ("the CCN acquisition").
The CCN acquisition has positioned the group as South Africa"s leading
provider of outsourced customer contact centre services.
CCN specialises in the design, implementation and operation of complex, multi-
channel contact centres. It supports the customer relationship management (CRM)
strategies of many of South Africa"s leading brands, primarily in the
automotive, technology, telecommunications, financial and consumer industry
sectors. By providing customer acquisition, customer care, technical support and
helpdesk services on an outsourced basis, CCN assists clients with attaining
greater levels of customer satisfaction and loyalty.
Change of name and transfer of sector
In the light of the disposal, and the CCN acquisition, the board resolved to
change the name of the Company to CCN Holdings Limited, which name reflects the
Company"s focus on providing outsourced contact centre services.
A special resolution to approve the name change was approved at the Annual
General Meeting of the Company held on 25 November 2002 by the requisite
majority of shareholders and has been registered with the Registrar of Companies
("Registrar").
The new name has been approved by the Registrar with effect from 6 January
2003.
The JSE Securities Exchange South Africa ("the JSE") has granted its consent
to the name change, which will become effective from the commencement of
business on Thursday, 17 April 2003 under the abbreviated name "CCN", share code
"CCN" and ISIN ZAE000046819.
As a further consequence of the disposal and the CCN acquisition, the listing
of the Company will, in addition, move from the "Information Technology -
Software and Computer Services" sector to the "Cyclical Services - Support
Services" sector of the JSE List with effect from the commencement of business
on Tuesday, 29 April 2003. This sector more appropriately describes the new
business activities of the Company.
Salient dates
The salient dates pertaining to the change of name and transfer of sector are as
follows:
2003
Surrender circular mailed to shareholders Thursday, 3 April
Last day to trade under the old name "NetActive Limited" Wednesday, 16 April
New name effective from commencement of business Thursday, 17 April
Record date in terms of trading under the old name Friday, 25 April
Listing of the Company transferred from the
"Information Technology - Software
and Computer Services" to the
"Cyclical Services - Support Services" sector of
the JSE List with effect from the commencement of business Tuesday, 29 April
New share certificates mailed to certificated shareholders
who have surrendered their share certificates and/or
other documents of title to the transfer secretaries
on or before the record date (see note 2 below) Tuesday, 29 April
Dematerialised shareholders safe custody accounts
updated by their CSDP or broker with details of the
name change Tuesday, 29 April
Notes:
1. The above dates are subject to change. Any such change will be announced on
SENS and in the press.
2. Certificated shareholders who surrender their documents of title to the
transfer secretaries after the record date (Friday, 25 April 2003), will have
their replacement share certificates mailed within five business days of receipt
thereof, by registered mail at the risk of the shareholder concerned.
3. Share certificates bearing the old name may not be dematerialised after
Wednesday, 16 April 2003.
Woodmead
2 April 2003
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
