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SFN/IQG - Sasfin/IQuad - Results of Mandatory Offer to Iquad Shareholders

Release Date: 05/12/2011 16:53
Code(s): IQG SFN SFNP
Wrap Text

SFN/IQG - Sasfin/IQuad - Results of 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") RESULTS OF mandatory offer to Iquad shareholders Shareholders are referred to the announcements dated 19 September 2011 and 15 November 2011 and to the circular dated 19 October 2011 regarding a mandatory offer ("the offer") by Sasfin("the offeror") to minority shareholders in IQuad. Shareholders are advised that the offer, which closed at 12:00 on Friday, 2 December 2011, was accepted in respect of 5 062 095 IQuad shares, comprising 32% of the total number of minority shares in IQuad which were the subject of the offer. Accordingly, together with the 12 042 344 ordinary shares (42.9%) purchased by Sasfin and 2 290 000 IQuad ordinary shares(8.2%) purchased from Thembeka Capital Limited in terms of the option agreement as detailed in the above-mentioned circular, and the 5 062 095 offer shares, Sasfin has now acquired a 69% shareholding in IQuad. 05 December 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 Date: 05/12/2011 16:53:01 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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