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IQuad -- scheme of arrangement
IQuad shareholders were referred to the announcement released on SENS on 24 October 2012 and were advised that all outstanding conditions precedent to the offer have been fulfilled. The directors of Sasfin have elected to declare the offer unconditional.
As detailed in the circular sent to IQuad shareholders on Tuesday, 25 September 2012, the salient dates and times relating to the scheme remain the same and are as follows:
- Finalisation date on Friday, 9 November 2012
- Last day to trade IQuad shares on the JSE in order to be recorded in the register to receive the scheme consideration on Friday, 16 November 2012
- Suspension of listing on the JSE of IQuad shares at commencement of trading on Monday, 19 November 2012
- Scheme consideration record date, being the time and date on which scheme participants must be recorded in the register to receive the scheme consideration, by 17:00 is on Friday, 23 November 2012 *Operative date of the scheme is on Monday, 26 November 2012
- Scheme consideration to be paid/posted to certificated scheme participants (if documents of title are received on or prior to 12:00 on the scheme consideration record date) on Monday, 26 November 2012 *Dematerialised scheme participants have their accounts (held at their CSDP or broker) updated on Monday, 26 November 2012
- Termination of listing of IQuad shares on the JSE at the commencement of trading on Tuesday, 27 November 2012
Notes:
1. All times given in this document are local times in South Africa.
2. Share certificates may not be dematerialised or rematerialised after Friday, 16 November 2012.
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