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Ingenuity - finalisation announcement
Shareholders are referred to the announcements released on SENS on 16 July 2019, 23 August 2019, 26 September 2019 and the Circular dispatched to shareholders on 23 August 2019 relating to:
-a scheme of arrangement in terms of section 114(1)(e) of the Companies Act proposed by the Ingenuity Board between Ingenuity and the Scheme Participants;
-separate but concurrent to the Scheme, a conditional general offer by Ingenuity to the Eligible Shareholders in terms of sections 48 and 117(1)(c)(v) of the Companies Act and paragraphs 1.15(c) and 5.69 of the Listings Requirements to acquire all of the General Offer Shares, with such General Offer to be implemented only if the Scheme fails; and
-the Delisting of all Ingenuity shares from the JSE pursuant to the implementation of the Scheme or, if the Scheme fails, pursuant to the Delisting Resolution being approved and the General Offer being implemented.
The board of Ingenuity is pleased to announce that all outstanding conditions precedent to the Scheme have now been fulfilled and accordingly, the General Offer has lapsed. The salient dates contained in the Circular in respect of the implementation of the Scheme and Delisting remain unchanged. Capitalised terms used in this announcement that are not otherwise defined, bear the meaning ascribed to them in the Circular.
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