Acc-Ross Holdings Limited - Distribution of Securi
ACC
ACC
Acc-Ross Holdings Limited - Distribution of Securities by Designated Advisor
ACC-ROSS HOLDINGS LIMITED
(formerly Le-Sel Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/000059/06)
("Acc-Ross" or "the company")
JSE Code: ACC ISIN Code: ZAE000077335
DISTRIBUTION OF SECURITIES BY DESIGNATED ADVISOR
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited ("JSE"), the following information is disclosed:
Name of designated advisor: Arcay Client Support (Pty) Ltd
Date of transaction 26 May 2006
Number of shares: 20 000 000
Class of securities: Ordinary shares
Nature of transaction: Distribution
Price per share 25 cents
Nature of designated advisor"s interest Direct beneficial
Extent of percentage change in director"s 2.050%
interest:
Value of transaction R5 000 000-00
Clearance to deal was obtained in accordance with paragraph 3.66 of the Listings
Requirements of the JSE. The shares are to be distributed to the beneficial
shareholders of the Designated Advisor through loan accounts and by way of
dividends. There will be no change in beneficial holding and the recipients
will observe the same restrictions as those applied to the Designated Advisor.
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.
Johannesburg
2 June 2006
Designated Advisor
ARCAY Corporate Services
Date: 02/06/2006 12:32:52 PM Produced by the JSE SENS Department
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