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Extension Of Offer And Unconditionality
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011672/06)
Share code: EQS, EQS1, EQS2, EQS4
ISIN: ZAE000117123
(“Eqstra” or “the Company”)
EXTENSION OF OFFER AND UNCONDITIONALITY
Introduction
Shareholders are referred, inter alia, to the announcement released on SENS by Protech Khuthele Holdings
Limited (“Protech”) on 5 December 2012 regarding Eqstra’s firm intention to make an offer to Protech
shareholders to acquire all the Protech shares that Eqstra does not already beneficially hold, being
approximately 67.23% of the Protech share capital (“Offer Shares”), for a cash consideration of R0.60 per Offer
Share (“the Offer”), and to Eqstra’s response thereto, released on SENS on 6 December 2012, and to the further
announcement released by Eqstra on SENS on 21 February 2013.
Extension of Offer Period
Eqstra is required to make an announcement on the 45th business day after the day on which its conditional
general offer to the shareholders of Protech opened, regarding whether or not the offer is unconditional as to
acceptances or has terminated. The 45th business day after the day on which the Offer opened would have
been Thursday, 2 May 2013.
However, shareholders are advised that Eqstra applied to the Takeover Regulation Panel for an extension of this
period from 2 May 2013 to 31 July 2013. This extension was granted by the Takeover Regulation Panel on
2 May 2013. Accordingly, Eqstra has until 31 July 2013 to announce whether or not the Offer is unconditional as
to acceptances or has terminated.
Revised Salient Dates
In the light of the extension granted by the Takeover Regulation Panel, shareholders are advised that the salient
dates of the Offer have been revised as follows:
2013
Announcement regarding the fulfilment of the Suspensive Condition as
to acceptances of the Offer made before close of business on Wednesday, 31 July
Finalisation announcement released on SENS on receipt of approval
from the Competition Authorities and confirmation of Offer becoming
Thursday, 12 September
unconditional expected to occur on
Finalisation announcement regarding unconditionality of Offer expected
to be published in the press on Friday, 13 September
Last Day to Trade in order to be registered as a Shareholder on the
Closing Date Thursday, 19 September
Payment of Offer Consideration to Offerees who have accepted the
Offer expected to commence on Friday, 20 September
Shares expected to trade "ex" the unconditional Offer
Friday, 20 September
Offer Consideration Record Date expected to be on
Friday, 27 September
Closing Date expected to be at 12:00 on
Friday, 27 September
Final payment of the Offer Consideration to Offerees who accept the
Offer expected to be made on Monday, 30 September
Announcement regarding the results of the Offer expected to be
released on SENS Monday, 30 September
Results Announcement regarding the results of the Offer expected to be
Tuesday, 1 October
published in the press
Certificated Shareholders who accept the Offer will have the Offer Consideration posted to them or
transferred to them by way of EFT within six Business Days of the later of the Effective Date or the date
on which such Shareholders deliver their Forms of Acceptance and Documents of Title to the Transfer
Secretaries.
Dematerialised Shareholders who accept the Offer will have their accounts at their CSDP or Broker
updated within six Business Days of the later of the Effective Date or the date on which the CSDPs or
Brokers of such Shareholders notify the Transfer Secretaries of their acceptance of the Offer.
Notes:
1. The Effective Date of the Offer is intended to be the Business Day after the date on which the last
of the Suspensive Conditions is fulfilled or waived, as the case may be.
2. The abovementioned dates and times are South African dates and times. All references to days
are to Business Days.
3. The above dates and times are subject to amendment by Eqstra with the prior approval of the
TRP. In addition, the above dates and times are based on information available to Eqstra as at 2
May 2013. Accordingly, these dates and times may change depending on circumstances arising
after 2 May 2013. Any such amendment/s and/or change/s will be released on SENS and
published in the press.
Responsibility statement
The Eqstra board accepts responsibility for the information contained in this announcement insofar as the
information relates to Eqstra, 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.
Kempton Park
2 May 2013
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal advisors
Werksmans Attorneys
Communications advisor
CapitalVoice
Date: 03/05/2013 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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