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VOX - Vox Telecom Limited - Results of scheme meeting VOX TELECOM LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1998/016433/06) JSE Code: VOX ISIN Code: ZAE 000097234 ("Vox" or "the Company") RESULTS OF SCHEME MEETING Shareholders are referred to the announcement published on SENS on 14 July 2011 and in the press on 15 July 2011, and to the circular issued to Vox shareholders on 9 September 2011 ("the Circular") detailing the scheme of arrangement in terms of section 114 of the Companies Act No 71 of 2008 ("the Companies Act"), proposed by the board of Vox between Vox and its shareholders ("the Scheme"). The Scheme, if implemented, will result in Business Venture Investments No 1542 Limited ("BidCo") acquiring the entire issued ordinary share capital in Vox. In terms of the Scheme, each Vox shareholder will be entitled to elect to receive: - a cash consideration of 45 cents for every Vox share held; or - one BidCo share for every 10 Vox shares; or - a combination of the above, on the basis that in the absence of an election by 12:00 on the scheme consideration record date, a Vox shareholder will be deemed to have elected to receive the cash consideration of 45 cents for every Vox share held. Shareholders are hereby advised that the Scheme has been approved by the requisite majority of shareholders present and voting, in person or by proxy, at the shareholders meeting held earlier today. Shareholders are further advised that shareholders holding in aggregate 430 626 Vox shares, representing 0.0388% of the issued ordinary share capital in Vox, notified the Company prior to the shareholders meeting that they object to the special resolution to approve the Scheme and intended to exercise their rights in terms of section 164 of the Companies Act. These shareholders have voted against the special resolution to approve the Scheme. Shareholders should note that the implementation of the Scheme remains conditional upon the fulfilment of certain conditions precedent as detailed in the Circular. Further announcements regarding same will be released on SENS and published in the press in due course. Johannesburg 12 October 2011 Corporate advisor and Designated Advisor to Vox Grindrod Bank Independent expert to Vox KPMG Legal and tax advisor to Vox Webber Wentzel Corporate advisor to the Consortium and BidCo Investec Corporate Finance Legal advisor to the Consortium and BidCo Cliffe Dekker Hofmeyr Auditors and Reporting Accountants to Vox and BidCo Deloitte & Touche Communications advisor to the Consortium Brunswick Date: 12/10/2011 16:08:04 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.
