ISA Holdings Limited - Results Of The Mandatory Of
ISA Holdings Limited - Results Of The Mandatory Offer To Shareholders
ISA HOLDINGS LIMITED (formerly Y3K GROUP LIMITED)
(`ISA` or `the company`)
(Registration number: 1998/009608/06)
JSE share code: ISA (formerly YHK)
ISIN code: ZAE000067344 (formerly ZAE000017208)
Results of mandatory offer to ISA Holdings Limited shareholders
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on AltX and are advised that the JSE does
not guarantee the viability or the success of a company listed on AltX. In terms
of JSE Listings Requirements a Designated Adviser has to be retained by the
company. The Designated Adviser is required to, inter alia, attend all board
meetings held by the company to ensure that all JSE Listings Requirements and
applicable regulations are complied with, approve the financial director of the
company and guide the company in a competent, professional and impartial manner.
If the company fails to retain a Designated Adviser it must make arrangements to
appoint a new Designated Adviser within 10 business days, failing which the
company faces suspension of trading of its securities. If a Designated Adviser
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minorities.
Shareholders are referred to the mandatory offer to shareholders of 13,396 cents
per share made by Atlas Utas (Pty) Ltd and the executive directors of ISA for
the period opening on Friday 10 June 2005 and closing on Friday 1 July 2005,
which was included in the Circular to Shareholders dated 16 May 2005. The
mandatory offer was declined by all shareholders.
Randburg
5 July 2005
Designated Advisor: River Group
Date: 05/07/2005 12:07:37 PM
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
