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STELLA VISTA TECHNOLOGIES LIMITED - Fulfilment of the conditions precedent and finalisation announcement

Release Date: 30/12/2013 07:05
Code(s): SLL     PDF:  
Wrap Text
Fulfilment of the conditions precedent 
and finalisation announcement

Stella Vista Technologies Limited
(Incorporated in the Republic of South Africa)
(Company registration number 1996/000172/06)
JSE share code: SLL      ISIN: ZAE000018198
("Stella Vista" or "the Company")
FULFILMENT OF THE CONDITIONS PRECEDENT 
AND FINALISATION ANNOUNCEMENT

Stella Vista shareholders are referred to the announcement released on SENS on Monday, 14 October 2013 and in the press 
on Tuesday, 15 October 2013 wherein they were advised that the board of directors of Stella Vista ("the Board") has received 
a firm intention offer from Muris Tabakovic, Dario Tabakovic and Out and About Marketing & Media (Pty) Ltd (collectively "the 
Offerors"  and acting in concert), to acquire all Stella Vista ordinary shares that the Offerors do not already own ("the Offer"), to be 
implemented by means of a scheme of arrangement in terms of section 114 of the Companies Act, 2008 ("the Companies Act") 
("the Scheme"). Shareholders are also referred to the circular dated 11 November 2013, setting out the terms and conditions 
of the Offer and details of the Scheme ("the Circular") and the results of Scheme meeting announcement released on SENS on 
10 December 2013 and in the press on 11 December 2013. The terms defined in the Circular shall bear the same meaning in 
this announcement.

Shareholders are advised that, following the receipt of the compliance certificate in terms of section 119(4)(b) of the Companies 
Act from the Takeover Regulation Panel in respect of the Scheme on 27 December 2013, all the outstanding conditions precedent 
to the Scheme have now been fulfilled.

Accordingly, shareholders are advised that the final salient dates which were set out in the Circular are as follows:

                                                                                                                 2013   
Finalisation Date announcement released on SENS on                                                Monday, 30 December   
Finalisation Date announcement published in the press on                                         Tuesday, 31 December
   
                                                                                                                 2014   
Scheme LDT, being the last day to trade Stella Vista shares on the JSE in order to be                                   
recorded in the Register to receive the Scheme Consideration, on                                   Friday, 10 January   
Suspension of listing of Stella Vista Shares on the JSE to take place at the                                            
commencement of trade on                                                                            Monday,13 January   
Scheme Consideration Record Date, being the date on which Scheme Participants must be recorded                          
in the Register to receive the Scheme Consideration, by close of trade on                          Friday, 17 January   
Implementation date of the Scheme                                                                  Monday, 20 January   
Payment and delivery of the Scheme Consideration                                                   Monday, 20 January   
Termination of listing of Stella Vista shares at commencement of trade on the JSE on              Tuesday, 21 January   


Johannesburg
30 December 2013

Lead and transaction sponsor
Deloitte

Independent expert
BDO

Sponsor
Arcay Moela Sponsors


Date: 30/12/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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