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EXL - Excellerate Holdings Limited - Renewal of cautionary relating to a

Release Date: 11/06/2012 16:56
Code(s): EXL
Wrap Text

EXL - Excellerate Holdings Limited - Renewal of cautionary relating to a potential delisting of the company`s shares from The JSE Limited EXCELLERATE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1997/009884/06) Share code: EXL ISIN: ZAE000026092 ("the company") RENEWAL OF CAUTIONARY RELATING TO A POTENTIAL DELISTING OF THE COMPANY`S SHARES FROM THE JSE LIMITED Shareholders are referred to the renewal of cautionary announcement relating to a potential delisting ("the delisting") of the company`s shares from the JSE Limited published on SENS on 26 April 2012. The company has further engaged with its larger shareholders and has to date received irrevocable undertakings from shareholders holding in excess of 71% of the company`s shares (excluding treasury shares and shares held within the company`s share incentive scheme) to support the delisting at a price of not less than R1.15 per share. The circular detailing the terms of the offer and delisting is currently in the process of being approved by the various regulators and will be sent to all shareholders in due course. Accordingly shareholders are advised to continue exercising caution when dealing in their shares in the company. Johannesburg 11 June 2012 Corporate advisor and lead transaction sponsor Java Capital Sponsor One Capital Date: 11/06/2012 16:56:01 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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