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SFN/SFNP/IQG - Sasfin Holdings Limited/IQuad Group Limited - Important

Release Date: 15/11/2011 13:29
Code(s): IQG SFN SFNP
Wrap Text

SFN/SFNP/IQG - Sasfin Holdings Limited/IQuad Group Limited - Important dates and times of the Sasfin mandatory offer to IQuad shareholders 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") IMPORTANT DATES AND TIMES of the Sasfin mandatory offer to Iquad shareholders 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 19 September 2011, in terms of section 123 of the Companies Act No. 71 of 2008, as amended ("Companies Act"). Shareholders are hereby advised that all the conditions precedent to the offer, being the approval of the Registrar of Banks and the Competition Authorities have been fulfilled. 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. Finalisation Date Tuesday, 15 November 2011 Last day to trade in IQuad shares Friday, 25 November 2011 Shares trade "ex" the mandatory offer Monday, 28 November 2011 Record Date Friday, 2 December 2011 Mandatory offer closes at 12:00 on Friday, 2 December 2011 Result of mandatory offer to be published on Monday, 5 December 2011 SENS on Offer consideration credited to the See note 2 below dematerialised offer 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 See note 2 below accounts of the certificated offer participants (and dematerialised shareholders 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 from certificated shareholders) on Results of the mandatory offer to be Tuesday, 6 December 2011 published in the press on Notes: 1 No share certificates can be materialised or dematerialised between Monday, 28 November 2011 and Friday, 2 December 2011 both dates inclusive. 2 In terms of Regulation 102(12) all shareholders accepting the offer will be paid within 6 business days of the transfer secretaries receiving notice of acceptance of the offer. 3 All times indicated above are South African times. 15 November 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: 15/11/2011 13:29:19 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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