Verimark - Result Of Mandatory Offer
Verimark Holdings Limited
(previously Creditvision Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration Number 1998/006957/06)
Share code: VMK ISIN: ZAE000068011
(`Verimark` or `the company`)
Result of mandatory offer
Verimark shareholders are referred to the circular dated 15 July 2005 and the
announcement published on SENS and in the press on 24 June 2005 dealing with the
offer by the trustees for the time being of the Van Straaten Family Trust and
Prime Rentals Close Corporation (`the sellers`) to shareholders of Verimark to
acquire all their shares, or such lesser number as the shareholder wished to
sell, for a cash consideration of 250 cents per share (`the offer`).
PSG Capital is authorised to announce that shareholders holding 4 497 Verimark
shares have accepted the offer.
The shares acquired in terms of the offer are to be transferred to and held by
an existing Verimark shareholder, the Callidus Consortium (`Callidus`) in terms
of an underwriting agreement previously entered into between the sellers and
Callidus.
Johannesburg
9 August 2005
Joint corporate adviser and lead sponsor
- PSG CAPITAL -
Reporting accountants
- KPMG -
Joint corporate adviser and joint sponsor
- RIVER GROUP -
Legal advisers
- JOWELL GLYN & MARAIS -
Date: 08/08/2005 02:00:03 PM
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