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EQSTRA HOLDINGS LIMITED - Lapse of offer

Release Date: 01/08/2013 07:45
Code(s): EQS     PDF:  
Wrap Text
Lapse of offer

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”)


LAPSE OF OFFER

Introduction

Shareholders are referred, inter alia, to the announcement released on the Stock Exchange News Service
(“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 Protech’s share capital (“Offer Shares”), for a cash
consideration of R0.60 per Offer Share (“the Offer”), to Eqstra’s response thereto, released on SENS on 6
December 2012, and to the further announcements released by Eqstra on SENS on 21 February 2013 and on 2
May 2013.

Offer Lapsed

Eqstra has been unable to procure the fulfilment of the suspensive conditions to the Offer. Accordingly, and in
compliance with Regulation 102(10) of the Companies Regulations, 2011 to the Companies Act, 71 of 2008 (“the
Act”), shareholders are advised that the Offer has lapsed on 31 July 2013.

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 its knowledge and belief, the information is true
and does not omit anything likely to affect the importance of the information.

Kempton Park
1 August 2013

Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Legal advisors
Werksmans Attorneys

Communications advisor
CapitalVoice

Date: 01/08/2013 07:45:00 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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