Xantium Technology Holdings Limited - Fulfillment Of Conditions Precedent To The
Acquisition Of ITQ
Xantium Technology Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: XAN ISIN code: ZAE000057386
(`Xantium` or `the company`)
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.
XANTIUM TECHNOLOGY HOLDINGS LIMITED - FULFILLMENT OF CONDITIONS PRECEDENT TO THE
ACQUISITION OF ITQ
On 23 May 2005 Xantium announced the acquisition of 100% of ITQ (Proprietary)
Limited (`ITQ`) and Finfleet (Proprietary) Limited (`Finfleet`), by acquiring
the issued shares of their holding companies. The acquisition was subject to
approval by the board of directors of Xantium and the completion of a due
diligence investigation of ITQ and Finfleet (collectively the `conditions
precedent`).
Java Capital (Proprietary) Limited is authorised to announce that the conditions
precedent to the acquisition have now been fulfilled.
Rosebank
20 July 2005
Designated advisor
Java Capital (Proprietary) Limited
Date: 20/07/2005 04:54:12 PM
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