CS COMPUTER SERVICES HOLDINGS LIMITED/ BYTES TECHNOLOGY GROUP LIMITED - UPDATE
ON THE OFFER (`offer`) BY BTG TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF CSH
CS COMPUTER SERVICES HOLDINGS LIMITED BYTES TECHNOLOGY GROUP LIMITED
(Incorporated in the Republic of South (Incorporated in the Republic of
Africa) South Africa)
(Registration number 1996/015131/06) (Registration number 1911/003874/06)
Share code: CSH ISIN: ZAE000022034 Share code: BTG ISIN: ZAE000029526
(`CSH`) (`BTG`)
UPDATE ON THE OFFER (`offer`) BY BTG TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL
OF CSH
CSH shareholders are advised that the Competition Commission, acting in terms of
section 14A of the Competition Act, has recommended to the Competition Tribunal
that the acquisition by BTG of the entire issued share capital of CSH be
approved without conditions.
The Competition Tribunal will review this recommendation shortly and CSH
shareholders will be advised accordingly.
In the interim, CSH shareholders wishing to accept the offer are urged to do so
as soon as possible, so that on fulfilment of all the remaining conditions
precedent to the offer (including the condition precedent relating to the
Competition Authority approval) BTG can issue the offer consideration to those
CSH shareholders who have accepted the offer within five business days thereof,
as contemplated in the circular to CSH shareholders dated 8 October 2004
.
Midrand Sandton
8 November 2004 8 November 2004
Financial advisor and Legal advisor to BTG Joint sponsor to BTG
joint sponsor to BTG
Cazenove Werksmans Nedbank Capital
Independent financial Legal advisor to CSH Sponsor to CSH
advisor to CSH
Bridge Capital Brink Cohen Le Roux BJM
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