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PROTECH KHUTHELE HOLDINGS LIMITED - Extension of time in which Eqstra Holdings Limited (Eqstra) is required to post its offer circular

Release Date: 22/01/2013 13:50
Code(s): PKH     PDF:  
Wrap Text
Extension of time in which Eqstra Holdings Limited (“Eqstra”) is required to post its offer circular

Protech Khuthele Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/024352/07)
Share code: PKH ISIN: ZAE 000101986
(“Protech” or the “Company”)


EXTENSION OF TIME IN WHICH EQSTRA HOLDINGS LIMITED (“EQSTRA”) IS
REQUIRED TO POST ITS OFFER CIRCULAR


1. Update to shareholders

Protech shareholders are referred to the announcement published by Eqstra on SENS
yesterday, Monday, 21 January 2013 and are advised that the Takeover Regulation
Panel have granted Eqstra an extension of the time within which to post its offer circular
to Protech shareholders. In terms of the extension, the offer circular is to be posted on or
before Monday, 18 February 2013.

The Protech independent board, constituted to consider the unsolicited firm intention by
Eqstra to acquire the entire issued ordinary share capital of the Company that it does not
already own (the “Proposed Transaction”) (the “Independent Board”), continues to
consider the Proposed Transaction and will update Protech shareholders further at the
appropriate time.

2. Responsibility statement

The Independent Board accepts responsibility for the information contained in this
announcement insofar as the information relates to Protech, and confirms that, to the
best of their knowledge and belief, the information is true and does not omit anything
likely to affect the importance of the information.


Lanseria
22 January 2013


Investment bank and transaction sponsor
Nedbank Capital


Legal advisor
Bowman Gilfillan Inc.


Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited

Communications Advisor
College Hill

Independent Expert
PricewaterhouseCoopers Corporate Finance Proprietary Limited

Date: 22/01/2013 01:50:00 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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