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Sasfin - offer, share repurchase and delisting
Shareholders were referred to the results of General Meeting announcement published on SENS on 2 December 2024 and in Business Day on 3 December 2024, wherein Shareholders were advised that the Resolutions to approve the Subscription for Cash in Sasfin Wealth, the Share Repurchase by Sasfin Wealth and the Delisting were approved by the requisite majority of Shareholders at the General Meeting and that the Offer by Sasfin Wealth to all Shareholders to acquire their Shares had become unconditional as to acceptances, but remained subject to the fulfilment of the Maximum Acceptances Condition, namely that the Offer is accepted by Shareholders holding no more than 10% of the Company's Shares.
Results of offer and fulfilment of the maximum acceptances condition
Shareholders were hereby advised that the Offer closed at 12:00 pm today, 20 December 2024 and that the Maximum Acceptances Condition has been fulfilled.
Following the fulfilment of the Maximum Acceptances Condition, Shareholders were advised that application has been made for the Delisting of Sasfin Holdings from the Main Board of the JSE on 30 December 2024.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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