VER - Vestor - Further information on change in co
VER
VER
VER - Vestor - Further information on change in control and renewal of
cautionary announcement
VESTOR INVESTMENTS LIMITED
(formerly Vesta Technology Holdings)
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
Share code: VER & ISIN: ZAE000089595
("Vestor" or "the company")
FURTHER INFORMATION ON CHANGE IN CONTROL AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the announcement on 16 February 2007, shareholders are advised that
control of Vestor was negotiated by Trinity Asset Management (Proprietary)
Limited as nominee for Adage Technical Fund SA Limited ("Adage").
Adage, which comprises holding companies in the United Kingdom ("UK") and South
Africa has been created to pursue opportunities predominantly in the IT /
Telecommunications and related services sectors. Adage pursues opportunities in
UK, Africa and Middle East and has since expanded into South Africa.
Adage has a management team that includes experienced industry executives who
have extensive international experience and successful track records. Adage has
the backing of a strong local asset management firm that has a long history with
the new management team. Adage is mindful of the commitment to Black Economic
Empowerment and benefits from Black participation at all levels in Adage
including shareholder, director or senior management. The stated philosophy of
Adage is to adhere to, if not exceed, the latest BBEE requirements in South
Africa.
Shareholders are advised that negotiations are still in process relating to the
acquisition of assets which, if successfully concluded may have a material
effect on the price at which the company`s securities trade on the JSE Limited.
Shareholders are advised to continue to exercise caution when dealing in the
company`s securities until a full announcement is made.
Johannesburg
16 March 2007
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 16/03/2007 13:25:53 Produced by the JSE SENS Department.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
