BUSINESS CONNEXION GROUP LIMITED - Business Connexion Grp Ltd \Telkom SA SOC Ltd - Notice relating to the Telkom and BCX Transaction

Release Date: 12/06/2014 17:15
Code(s): BCX TKG
 
Wrap Text
Business Connexion Grp Ltd \Telkom SA SOC Ltd - Notice relating to the Telkom and BCX Transaction

BUSINESS CONNEXION GROUP LIMITED          TELKOM SA SOC LIMITED
(Incorporated in the Republic of South    (Incorporated in the Republic South
Africa)                                   Africa)
(Registration number 1988/005282/06)      (Registration number 1991/005476/30)
JSE code: BCX                             JSE code: TKG
ISIN: ZAE000054631                        ISIN: ZAE000044897
("BCX" or the "Company")                  ("Telkom")
                                                       


Notice relating to the Telkom and BCX Transaction

The BCX announcement released this morning on the Stock Exchange
News Service of the JSE Limited regarding the passing of its Chief
Executive Officer refers.

BCX lost its leader, visionary and founder yesterday. Further to
this, Benjamin Mophatlane represented the core of the culture and
leadership of BCX. Ben was a well-respected and much loved figure
in the industry and a colleague and friend to both our
organisations.

As the shareholders are aware, BCX and Telkom are currently
pursuing a transaction. As a result of this tragic loss to the BCX
leadership and out of respect to the memory of Benjamin Mophatlane
and his family, Telkom and BCX have jointly agreed to put all
activities pursuant to the transaction on hold during the mourning
period.

Both organisations remain committed to the transaction and will
recommence the process in due course.

The Takeover Regulation Panel has granted an extension for the
posting of the circular relating to the transaction until 11 July
2014.

Midrand
12 June 2014

Transaction Sponsor to BCX: Investec Bank Limited
Transaction Sponsor to Telkom: ABSA Bank Limited

Date: 12/06/2014 05:15:00 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.

Email this JSE Sens Item to a Friend.

Share This Story