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OLG - Onelogix Group Limited - Fulfilment Of Conditions Precedent

Release Date: 23/07/2009 17:07
Code(s): OLG
Wrap Text

OLG - Onelogix Group Limited - Fulfilment Of Conditions Precedent Onelogix Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1998/004519/06) JSE code: OLG & ISIN: ZAE000026399 ("OLG") FULFILMENT OF CONDITIONS PRECEDENT: ACQUISITION OF THE EQUITY IN EACH OF PM HIRE (PROPRIETARY) LIMITED ("PM Hire"), RFB LOGISTICS (PROPRIETARY) LIMITED ("RFB Logistics") AND LYNX INVESTMENTS (PROPRIETARY) LIMITED ("Lynx Investments") (collectively "the companies" or "the RFB group") Shareholders are referred to the announcement released on SENS on 11 March 2009 detailing the acquisition by OLG, through its wholly-owned subsidiary Onelogix (Proprietary) Limited, of the equity in each of the companies ("the acquisition") and the subsequent announcement released on SENS on 1 April 2009 setting out the pro forma financial effects of the acquisition of the RFB Group. Shareholders are advised that all conditions precedent to the acquisition have been fulfilled and the acquisition has been implemented in accordance with its terms. Johannesburg 22 July 2009 Designated Advisor Java Capital (Proprietary) Limited Date: 23/07/2009 17:07:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.