COMPU-CLEARING OUTSOURCING LIMITED - Finalisation Announcement and Timetable for Scheme of Arrangement

Release Date: 04/09/2015 11:36
Code(s): CCL
Wrap Text
Finalisation Announcement and Timetable for Scheme of Arrangement

Wisetechglobal Proprietary Limited                       Compu-Clearing Outsourcing Limited
(Incorporated in the Republic of South Africa)           (Incorporated in the Republic of South Africa)
(Registration number 2012/181360/07)                     (Registration number 1998/015541/06)
("WiseTech Global")                                      Share code: CCL ISIN: ZAE000016564

Shareholders of Compu-Clearing are referred to the circular issued on 22 July (“Circular”) pertaining to the offer
by WiseTech Global to acquire all the issued shares of Compu-Clearing which it does not already own, by way of
a scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, as amended ("Companies
Act") ("Scheme"). The Scheme was approved by Compu-Clearing shareholders on 20 August 2015.

Shareholders are further referred to the conditions precedent to the Scheme ("Scheme Conditions"), as detailed
in the Circular, and are hereby advised that all Scheme Conditions have been fulfilled. As a result of the Scheme
becoming unconditional, the Company wishes to draw shareholders’ attention to the following important dates in
relation to the implementation of the Scheme. Terms appearing in title case below that are not otherwise defined,
bear the meanings assigned to them in the Circular.

   Scheme Last Day to Trade in order to be recorded in the Register on the
   Scheme Record Date                                                                       Friday, 11 September
   Suspension of trading of Shares on the JSE from the commencement of trade                Monday, 14 September
   Scheme Record Date on which Shareholders must be recorded in the Register
   to receive the Scheme Consideration                                                      Friday, 18 September
   Scheme Implementation Date                                                               Monday, 21 September
   Scheme Consideration to be posted/paid to Scheme Participants holding
   Certificated Shares (provided their Forms of Surrender and Transfer are
   received on or prior to 12:00 on the Scheme Record Date)                                 Monday, 21 September
   Date on which the CSDP or broker accounts of Scheme Participants holding
   Dematerialised Shares will be credited with the Scheme Consideration                     Monday, 21 September
   Termination of listing of Shares on the JSE at the commencement of trade                 Tuesday, 22 September


1. All dates and times indicated in this Circular are South African dates and times.
2. Shares may not be dematerialised or rematerialised after the Scheme Last Day to Trade.

4 September 2015

Corporate Adviser and Transaction Sponsor to Compu-Clearing: Grindrod Bank
Legal Adviser to Compu-Clearing: Fluxmans
Sponsor to Compu-Clearing: Sasfin Capital
Legal Adviser to WiseTech Global: Webber Wentzel

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