IQUAD GROUP LIMITED - Scheme of arrangement in terms of section 114 of the Companies act 71 of 2008 between Iquad and Iquad shareholders

Scheme of arrangement in terms of section 114 of the Companies act 71 of 2008 between Iquad and Iquad shareholders

IQUAD GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration Number 2004/025177/06)
Share Code: IQG
ISIN: ZAE000101622
("IQuad" or “the Company”)

SASFIN HOLDINGS LIMITED
(Incorporated in the Republic Of South Africa)
(Registration Number 1987/002097/06)
(“Sasfin”)
Ordinary share code: SFN    ISIN: ZAE000006565
Preference share code: SFNP    ISIN: ZAE000060273

- SCHEME OF ARRANGEMENT IN TERMS OF SECTION 114 OF THE
COMPANIES ACT 71 of 2008 BETWEEN IQUAD AND IQUAD SHAREHOLDERS
DECLARED UNCONDITIONAL
- FINALISATION ANNOUNCEMENT

IQuad shareholders are referred to the announcement released
on SENS on 24 October 2012 and are hereby advised that all
outstanding conditions precedent to the offer have been
fulfilled. The directors of Sasfin have elected to declare the
offer unconditional.

As detailed in the circular sent to IQuad shareholders on
Tuesday, 25 September 2012, the salient dates and times
relating to the scheme remain the same and are as follows:

                                                          2012
Finalisation date on                                Friday, 9
                                                      November
Last day to trade IQuad shares on the JSE in        Friday, 16
order to be recorded in the register to receive       November
the scheme consideration on
Suspension of listing on the JSE of IQuad shares    Monday, 19
at commencement of trading on                         November
Scheme consideration record date, being the time    Friday, 23
and date on which scheme participants must be         November
recorded in the register to receive the scheme
consideration, by 17:00 is on
Operative date of the scheme is on                  Monday, 26
                                                      November
Scheme consideration to be paid/posted to           Monday, 26
certificated scheme participants (if documents        November
of title are received on or prior to 12:00 on
the scheme consideration record date) on
Dematerialised scheme participants have their       Monday, 26
accounts (held at their CSDP or broker) updated        November
on
Termination of listing of IQuad shares on the       Tuesday, 27
JSE at the commencement of trading on                  November


Notes:
1.   All times given in this document are local times in South
     Africa.
2.   Share   certificates   may   not   be   dematerialised   or
     rematerialised after Friday, 16 November 2012.

9 November 2012
Port Elizabeth


Corporate Advisor to IQuad
Sasfin Capital
A division of Sasfin Bank Limited


Corporate Advisor and sponsor to Sasfin
Sasfin Capital
A division of Sasfin Bank Limited


Designated Advisor to IQuad
PSG Capital

Date: 09/11/2012 01:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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