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ADAPT IT HOLDINGS LIMITED - Fulfilment of Conditions Precedent to the Acquisition of CQS Investments

Release Date: 10/12/2015 15:43
Code(s): ADI     PDF:  
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Adapt IT Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/017276/06)
Share code: ADI ISIN: ZAE000113163



FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION OF CQS INVESTMENTS
Shareholders are referred to the announcement released on SENS on 19 October 2015 (and using the terms defined therein unless otherwise stated) wherein shareholders were advised that the Purchaser had entered into an Agreement with the Sellers in terms of which the Purchaser would acquire the Sold Equity, being 100% of CQS Investments, from the Sellers as one indivisible transaction in accordance with the terms of the Agreement.
Shareholders are advised that all conditions precedent to the Acquisition have been fulfilled and the Acquisition is now unconditional.
Subject to Closing, the effective date of the Acquisition for accounting purposes will be 31 December 2015. 10 December 2015 Johannesburg Sponsor Merchantec Capital
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