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VOX - Vox Telecom - Acquisition of Ordinary Shares by Investec Bank Limited

Release Date: 30/08/2011 10:16
Code(s): VOX
Wrap Text

VOX - Vox Telecom - Acquisition of Ordinary Shares by Investec Bank Limited VOX TELECOM LIMITED (Incorporated in the Republic of South Africa) Registration Number: 1998/016433/06 JSE Code: VOX ISIN Code: ZAE000097234 ("Vox Telecom" or "the Company") Acquisition of Ordinary Shares by Investec bank limited In accordance with Regulation 98 of the Companies Act, 71 of 2008 ("the Act"), holders of ordinary shares in the Company are advised that Investec Bank Limited ("IBL") has acquired shares in the open market at a price not greater than the proposed cash consideration of 45 cents per ordinary share contemplated in the firm intention announcement released on SENS on 14 July 2011. The firm intention announcement included particulars setting out terms upon which, IBL is acting in concert with Lereko Metier Trutees (Proprietary) Limited, in its capacity as a trustee of Lereko Metier Capital Growth Fund, Master`s reference number IT 11855/06 and the LMCGF Parallel Trust 1, Master`s reference number IT 12788/07 ("Lereko Metier") (collectively, the "Concert Parties") for the purpose of acquiring the entire issued and to be issued share capital in Vox Telecom Limited ("Vox") by way of a scheme of arrangement in terms of section 114 of the Act ("the Scheme"). In addition, in accordance with section 122(3)(b) of the Act, holders of ordinary shares in the Company are advised that IBL has acquired a total of 166,392,323 ordinary shares in the Company resulting in a total beneficial interest in Vox ordinary shares of 15.01%. Furthermore in accordance with section 122(3)(b) of the Act, holders of ordinary shares in the Company are advised that the Concert Parties in respect of the Scheme collectively hold 441,788,460 ordinary shares in the Company resulting in a total beneficial interest in Vox ordinary shares of 39.85%. Johannesburg 30 August 2011 Financial Advisor Investec Corporate Finance Designated Advisor Grindrod Bank Date: 30/08/2011 10:16:01 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.

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