Sycom - issue of Growthpoint shares
With reference to the joint Finalisation Announcement released on 1 April 2016, relating to the various corporate actions undertaken by Growthpoint, Acucap and Sycom since March 2014 and which will culminate in the following indivisible transaction:
- Growthpoint, through its subsidiary, Acucap, acquiring the assets and liabilities of Sycom;
- Sycom unitholders (other than Growthpoint and its subsidiaries) becoming Growthpoint shareholders; and
- Sycom’s listing on the JSE being terminated and, in time, Sycom being wound-up,
Growthpoint will, on 18 April 2016, allot and issue 2 392 861 new ordinary shares at the closing price per Growthpoint share on 8 April 2016, that is R24.10 per share, which shares are expected to be listed on the JSE with effect from 11 April 2016.
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