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CSG - results of the offer
CSG shareholders (“Shareholders”) are referred to the circular issued on Thursday, 18 November 2021 (“Circular”) regarding the offer by UBI General Partner Proprietary Limited (“General Partner”), in its capacity as general partner of the ARC Fund (“ARC Fund” or the “Offeror”), which holds a 24.8%* shareholding in the Company (including treasury shares) to acquire all of the ordinary shares in the issued share capital of CSG (“Shares”) it does not already own, from all Shareholders who wish to sell their Shares for the cash consideration of 35 cents per Share (the “Offer”), and the proposed Delisting from JSE (“Delisting”).
The Offer and Delisting are collectively referred to as the “Transaction”.
Shareholders are further referred to the SENS announcement dated 28 March 2022, where it was advised that all the conditions precedent to the Offer, as set out in the Circular, had been fulfilled and the Offer had become wholly unconditional.
Results of the Offer
Shareholders are hereby advised that the Offer closed at 12:00 on Friday, 22 April 2022 and was accepted in respect of 121 251 418 Shares, representing 23.1% of total Shares in issue. Accordingly, ARC Fund now holds 251 460 238 Shares, representing 47.9% of total Shares in issue (48.8% excluding treasury shares).
The Shares will be delisted from the Main Board of the JSE with effect from the commencement of trade on Tuesday, 26 April 2022.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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