XANTIUM - FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION BY XANTIUM
TECHNOLOGY HOLDINGS LIMITED OF THE BUSINESS OF SPEC SYSTEMS (PTY) LIMITED
Xantium Technology Holdings Limited
(formerly Fastpulse Trading 568 (Proprietary) Limited)
(incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: XAN ISIN code: ZAE000057386
(`Xantium` or `the company`)
FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION BY XANTIUM TECHNOLOGY
HOLDINGS LIMITED OF THE BUSINESS OF SPEC SYSTEMS (PTY) LIMITED
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 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 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.
On 9 September 2004 Xantium announced the acquisition of the business of Spec
Systems (Pty) Limited as a going concern. The acquisition was subject to the
conclusion of service agreements with certain key executives.
Java Capital (Proprietary) Limited is authorised to announce that such service
agreements have been concluded and that all conditions precedent to the
acquisition have now been fulfilled.
Rosebank
22 September 2004
Designated advisor
Java Capital (Proprietary) Limited
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
