Onelogix - Introduction Of A Black Economic Empowe
Onelogix - Introduction Of A Black Economic Empowerment Partner And A Specific
Issue Of Shares For Cash
Onelogix Group Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004519/06)
Share code: OLG ISIN: ZAE000026399
("Onelogix")
INTRODUCTION OF A BLACK ECONOMIC EMPOWERMENT PARTNER AND A SPECIFIC ISSUE OF
SHARES FOR CASH
Shareholders are referred to the announcements dated:
- 30 August 2005 setting out details of the introduction of Izingwe Capital
(Proprietary) Limited as a black economic empowerment partner into the Onelogix
group of companies; and
- 8 September 2005 relating to the issue of 4 492 505 shares for cash to Java
Capital Holdings (Proprietary) Limited.
Both transactions are subject to the requisite shareholder approval and in this
regard a circular (incorporating a notice of general meeting) has been posted to
shareholders today, 31 October 2005.
The important dates and times relating to the general meeting:
Last day to lodge forms of proxy in respect
of general meeting by 09:00 on 18 November 2005
General meeting of Onelogix shareholders at
09:00 at 46 Tulbagh Road, Pomona, Kempton
Park, 1620 on 22 November 2005
Results of general meeting published on SENS 22 November 2005
Warning: The listing of the ordinary shares in the company is on the AltX.
Shareholders are advised of the risks of investing in a company listed on the
AltX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the AltX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE listing 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 the designated advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
Kempton Park
31 October 2005
Corporate, designated and legal advisor
Java Capital (Proprietary) Limited
Date: 31/10/2005 08:43:46 AM Produced by the JSE SENS Department
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