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SFN/SFNP/IQG - Sasfin Holdings Limited/Iquad Group Limited - Posting of circular

Release Date: 19/10/2011 16:00
Code(s): IQG SFN SFNP
Wrap Text

SFN/SFNP/IQG - Sasfin Holdings Limited/Iquad Group Limited - Posting of circular important dates and times SASFIN HOLDINGS LIMITED (Incorporated In the Republic Of South Africa) (Registration Number 1987/002097/06) Ordinary share code: SFN ISIN: ZAE000006565 Preference share code: SFNP ISIN: ZAE000060273 ("Sasfin") IQUAD GROUP LIMITED Incorporated in the Republic of South Africa (Registration Number 2004/025177/06) Share Code: IQG ISIN: ZAE000101622 ("IQuad") POSTING OF CIRCULAR IMPORTANT DATES AND TIMES IQuad shareholders ("Shareholders") are referred to the joint announcement of a disposal and acquisition of securities and mandatory offer by Sasfin ("Sasfin Offer"), published on SENS on 12 September 2011, in terms of section 123 of the Companies Act No. 71 of 2008, as amended ("Companies Act"). Shareholders are hereby advised that a circular containing details of the Sasfin offer has been posted to Shareholders on Wednesday, 19 October 2011. Shareholders are advised that the completion of the Sasfin offer is subject to the fulfillment of certain conditions precedent set forth in the Circular. IMPORTANT DATES AND TIMES The important dates and times relating to the Sasfin Offer ("Timetable") are set out below. Words and expressions in the Timetable and notes thereto shall have the same meanings as assigned to them in the Circular. Mandatory offer document posted to IQuad Wednesday, 19 October 2011 minorities on Mandatory offer opens at 09:00 on Thursday, 20 October 2011 If all conditions are fulfilled: Announcement that mandatory offer is Wednesday, 21 December 2011 unconditional to be published on SENS on Announcement that mandatory offer is Thursday, 22 December 2011 unconditional to be published in the press on Finalisation Date Thursday, 29 December 2011 Last day to trade in IQuad shares Friday, 6 January 2012 Shares trade "ex" the mandatory offer Monday, 9 January 2012 Mandatory offer closes at 12:00 on Friday, 13 January 2012 Result of mandatory offer to be published on Monday, 16 January 2012 SENS on Offer consideration credited to the offer Monday, 16 January 2012 participant`s accounts at his CSDP or stockbroker (as the case may be) in cases where the shares surrendered in terms hereof are held by such CSDP or stockbroker as nominee for the offer participant on Cheques posted to or credited to the bank Monday, 16 January 2012 accounts of the offer participants (who hold their shares in their own names) at the offer participant`s own risk, in settlement of the offer consideration (subject to receipt by the transfer secretaries of the relevant share certificates) on Results of the mandatory offer to be published Tuesday, 17 January 2012 in the press on Notes: 1. The above dates and times are subject to amendment by the offeror. Any such amendment will be published on SENS and in the press. 2. All times indicated above are South African times. 3. In terms of the Companies Regulations, the mandatory offer must remain open for at least 10 business days after the date that it is announced that the mandatory offer is unconditional. Accordingly, the offeror reserves the right to change the closing date to an earlier or later business day, which shall be announced by Sasfin in the announcement that the mandatory offer is unconditional, which date shall be a Friday, shall not be earlier than 10 business days after the date of the announcement, and shall not be earlier than 30 business days from the opening date of the offer. 19 October 2011 Johannesburg Sponsor and corporate advisor to Sasfin Sasfin Capital A division of Sasfin Bank Limited Corporate Advisor to IQuad PSG Capital (Pty) Ltd Corporate Law Advisors to Sasfin Edward Nathan Sonnenbergs INC Independent Expert to the Independent Board Mazars Corporate Finance (Pty) Limited Date: 19/10/2011 16:00:12 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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