| Mon 7 Aug 2006, 15:05 | | BTG - Implementation and results of the Odd-Lot Of |
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BTG
BTG
BTG - Implementation and results of the Odd-Lot Offer
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")
IMPLEMENTATION AND RESULTS OF THE ODD-LOT OFFER
1. Implementation of the odd-lot offer
Shareholders are referred to the announcements dated 5 June 2006
and 14 July 2006 relating to an odd-lot offer by the Company and
are advised that the odd-lot offer to holders of fewer than 100
shares ("odd-lot holders") who were recorded as such in BTG"s
shareholder register as at close of business on Friday, 4 August
2006 ("the record date") has been duly implemented.
2. Results of the odd-lot offer
The total number of shares purchased by odd-lot holders who elected
to purchase sufficient additional shares to increase their odd-lot
holdings to holdings of 100 shares is 3 686 shares, which shares
have been purchased by such odd-lot holders at R11.81 per BTG share
("the offer price"), amounting to a total cash consideration of R43
531.66.
The total number of shares sold by odd-lot holders pursuant to the
odd-lot offer was 27 561 shares. These shares were sold by such odd-
lot holders at R12.40 per BTG share being the offer price plus a
premium of 5%, amounting to a total cash consideration of R341
756.40.
Odd-lot holders holding 4 403 BTG shares in aggregate have elected
to retain their odd-lot holdings.
3. Odd-lot holders who hold certificated shares ("certificated odd-lot
holders")
New share certificates will be posted by registered post to
certificated odd-lot holders, who elected to purchase shares, on or
about Monday, 7 August 2006, at the risk of such odd-lot holders.
Cheques will be posted at the risk of such odd-lot holders, or
electronic transfers will be effected in respect of certificated
odd-lot holders who elected to sell their odd-lot holdings on or
about Monday, 7 August 2006.
All certificated odd-lot holders who failed to make an election
timeously, and who are therefore deemed to have sold their odd-lot
holdings, are reminded to submit their relevant documents of title
to the transfer secretaries, Computershare Investor Services 2004
(Proprietary) Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001 (P O Box 61763, Marshalltown, 2107), in order to
receive payment in respect of their odd-lot holdings. These odd-lot
holders are also reminded that their documents of title will no
longer be valid after Friday, 4 August 2006.
4. Odd-lot holders who hold dematerialised shares ("dematerialised odd-
lot holders")
On Monday, 7 August 2006, dematerialised odd-lot holders" CSDP or
broker accounts will be updated and debited or credited, as
appropriate, to give effect to the odd-lot offer.
Johannesburg
7 August 2006
Investment bank and sponsor
Nedbank Capital
Date: 07/08/2006 03:05:04 PM Produced by the JSE SENS Department
