Wrap Text
Results of General Meeting and Offer declared wholly unconditional
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)
Results of General Meeting and Offer declared wholly unconditional
1. Results of General Meeting
Shareholders are referred to the circular and notice of general meeting
distributed to them on 14 June 2021 and, using the terms defined therein, are
advised that, at the General Meeting of Huge Shareholders held today, 13 July
2021, all the resolutions proposed thereat were approved by the requisite majority
of votes.
The Company’s total issued share capital as at the voting record date, being
Friday, 9 July 2021 was 171 744 611 ordinary shares. 9 646 926 ordinary shares are
treasury shares. 162 097 685 ordinary shares were considered voteable shares.
The number of the Company’s shares voted at the General Meeting was
148 963 456, being 91.90% of the votable shares.
The voting results are set out hereunder:
Resolutions: Shares Voted Abstained Votes Votes
from For Against
Voting
Number % (1) % (1) % (2) % (2)
Ordinary resolution 143 460 424 83,53% 3,20% 99,47% 0,53%
number 1:
Approval of the
Proposed Transaction
Ordinary resolution 143 460 424 83,53% 3,20% 99,47% 0,53%
number 2:
Directors’ authorising
resolution
Special resolution 143 460 424 83,53% 1,62% 99,47% 0,53%
number 1: Specific
authority to repurchase
the Repurchase Shares
from CNET
Empowerment
Special resolution 143 460 424 83,53% 3,20% 99,47% 0,53%
number 2: Specific
authority to repurchase
the Repurchase Shares
from DM Holdco
Special resolution 85 135 135 49,57% 3,20% 99,10% 0,90%
number 3: Specific
authority to repurchase
the Repurchase Shares
from Praesidium
Special resolution 143 460 424 83,53% 3,20% 99,47% 0,53%
number 4: Specific
authority to issue shares
in terms of section 41(3)
of the Companies Act,
2008
Notes:
1. As a percentage of total ordinary shares in issue.
2. As a percentage of shares voted.
2. Offer declared wholly unconditional
Shareholders are referred to the announcement released on SENS on 10 June 2021 and,
using the terms defined therein, are advised that the Takeover Regulation Panel has
today issued a compliance certificate in relation to the Offer as contemplated in
Regulation 102(13) of the Takeover Regulations.
The condition precedent set out in paragraph 3.5.2 of the Circular has therefore been
fulfilled and shareholders are advised that, in accordance with Regulation 105(5) of the
Takeover Regulations, the Offer is now unconditional in all respects. The Offer will remain
open for acceptances until 12:00 on Friday, 30 July 2021.
3. Responsibility statement
The Huge Board accepts responsibility for the information contained in this
announcement insofar as it relates to Huge. To the best of its knowledge and belief, the
information contained in this announcement is true and the announcement does not
omit anything likely to affect the importance of the information.
13 July 2021
Corporate Advisor and Transaction Sponsor
Questco Proprietary Limited
Legal Advisor
Herbert Smith Freehills South Africa LLP
Date: 13-07-2021 02:36:00
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