AFROCENTRIC INVESTMENT CORP LIMITED - Posting of circular and notice of general meeting

Posting of circular and notice of general meeting

AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1988/000570/06)
JSE Code: ACT
ISIN: ZAE000078416
(“AfroCentric”)



POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING


1.    INTRODUCTION

      AfroCentric shareholders (“Shareholders”) are referred to the announcements published on the
      Stock Exchange News Service (“SENS”) on 30 September 2014 and 4 June 2015 wherein they
      were advised that AfroCentric had accepted an offer from Sanlam Limited (“Sanlam”) in terms of
      which Sanlam, or its nominee, would subscribe for a 28.7% interest in the issued share capital of
      ACT Healthcare Assets Proprietary Limited, a wholly owned subsidiary of AfroCentric
      (“Transaction”)

      A circular (“Circular”) has been posted to Shareholders today, 3 August 2015, containing, inter
      alia:

      -    details of the Transaction; and
      -    a notice convening a general meeting of Shareholders (“General Meeting”).

      The Circular is also available for viewing on the Company’s website at
      http://www.afrocentric.za.com/sanlam-circular.php.

      Shareholders are advised to review the Circular for a summary of the key terms and conditions of
      the Transaction.

2.    NOTICE OF GENERAL MEETING

      The General Meeting will be held at AfroCentric Group Head Office, 37 Conrad Street, Florida
      North, Roodepoort on Monday, 7 September 2015 at 10:00 to consider and, if deemed fit, pass,
      with or without modification, the resolutions necessary to implement the Transaction.

3.    IMPORTANT DATES AND TIMES

      The salient dates and times relating to the General Meeting are set out in the timetable below
      (“Timetable”). Words and expressions in the Timetable and notes thereto shall have the same
      meaning as assigned to them in the Circular.



     EVENT                                                                                    2015

     Record Date for Shareholders to be recorded in the Register in                 Friday, 24 July
     order to receive this Circular on
 
     Circular containing the Notice convening the General Meeting                   Monday, 3 August
     posted to Shareholders on

     Last Day to Trade in Shares in order to be recorded in the                     Friday, 21 August
     Register to vote at the General Meeting on (see note 2 below)
   Record Date for Shareholders to be recorded in the Register in                   Friday, 28 August
   order to be eligible to vote at the General Meeting on
   Forms of proxy for the General Meeting to be received by the                 Thursday, 3 September
   Transfer Secretaries by 10:00 on (see note 3 below)

   General Meeting held at 10:00 on                                               Monday, 7 September

   Results of the General Meeting published on SENS on                            Monday, 7 September


 Notes:

 1.   The above dates and times are subject to amendment. Any amendment to the dates and times
      will be published on SENS.
 2.   Shareholders should note that as transactions in Shares are settled in the electronic settlement
      system used by Strate, settlement of trades takes place five Business Days after such trade.
      Therefore persons who acquire Shares after the Last Day to Trade will not be eligible to vote at
      the General Meeting.
 3.   A Shareholder may submit a form of proxy at any time before the commencement of the
      General Meeting (or adjourned or postponed General Meeting) or hand it to the chairman of the
      General Meeting before the appointed proxy exercises any of the relevant Shareholder rights at
      the General Meeting (or adjourned or postponed General Meeting), provided that should a
      Shareholder lodge a form of proxy with the Transfer Secretaries less than 48 hours (excluding
      Saturdays, Sundays and official public holidays) before the General Meeting, such Shareholder
      will also be required to furnish a copy of such form of proxy to the chairman of the General
      Meeting before the appointed proxy/ies exercises any of such Shareholder’s rights at the
      General Meeting (or adjourned or postponed General Meeting).
 4.   If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial
      General Meeting will remain valid in respect of any adjournment or postponement of the
      General Meeting.
 5.   All times given are local times in South Africa.


Johannesburg
3 August 2015

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Date: 03/08/2015 01:23:00 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.