Bytes Technology Group Limited - Announcement of O
BTG
BTG
Bytes Technology Group Limited - Announcement of Odd-Lot Offer Price
BYTES TECHNOLOGY GROUP LIMITED
(Registration number 1911/003874/06)
(Incorporated in the Republic of South Africa)
Share Code: BTG & ISIN: ZAE000029526
("BTG" or "the Company")
ANNOUNCEMENT OF ODD-LOT OFFER PRICE
Introduction
In terms of the odd-lot offer to BTG shareholders (details of which were set out
in the announcement dated 5 June 2006 and full details of which are set out in
BTG"s annual report), holders of fewer than 100 shares who are recorded as such
in BTG"s shareholder register at the close of business on Friday, 4 August 2006
("the record date") and nominee holders who hold less than 100 dematerialised
shares on behalf of a beneficial owner on the record date are offered three
election alternatives:
- to purchase sufficient shares at a price per share equal to the volume
weighted average traded price of BTG shares on the JSE Limited ("the JSE")
for the five trading days up to and including the close of trade on
Thursday, 13 July 2006 ("the offer price"), details of which are set out
below, in order to increase their shareholding to 100 shares; or
- to sell their odd-lot holdings at the offer price plus a 5% premium; or
- to retain their odd-lot holdings.
The offer price
Further to the above, shareholders are advised that the offer price is R11.81
per BTG share and with a 5% premium thereon is R12.40 per BTG share.
Further details of the odd-lot offer
Shareholders are referred to BTG"s annual report which contains full details of
the odd-lot offer as well as the action required by BTG shareholders in regard
to the odd-lot offer.
Johannesburg
14 July 2006
Investment bank and sponsor
Nedbank Capital
Date: 14/07/2006 01:47:12 PM Produced by the JSE SENS Department
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