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ACCENTUATE LIMITED - Update announcement regarding the specific repurchase circular to shareholders

Release Date: 18/04/2019 13:55
Code(s): ACE     PDF:  
 
Wrap Text
Update announcement regarding the specific repurchase circular to shareholders

ACCENTUATE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
JSE Share code: ACE ISIN: ZAE000115986
(“Accentuate” or “the Company”)


UPDATE ANNOUNCEMENT REGARDING THE SPECIFIC REPURCHASE CIRCULAR TO SHAREHOLDERS

Accentuate shareholders are referred to the announcement released by Accentuate on SENS on 21
February 2019 wherein shareholders were advised that Accentuate had agreed to the key terms of a
proposed transaction (“Sale of Shares, Claims and Cancellation Agreement”) with Pentafloor
Proprietary Limited (“Pentafloor”) whereby Accentuate will dispose of its entire 100% shareholding
in Pentafloor to the original Pentafloor vendors.

Accentuate shareholders are further referred to the announcements released by Accentuate on
SENS on 3 April 2019 and 16 April 2019 relating to subordinated convertible loan agreements,

herein after collectively referred to as the “Transactions”.

Due to the Transactions happening within a month of the other, the Directors deemed it prudent to
combine the two circulars in order to reduce costs. Shareholders are advised that the JSE Limited
has granted the Company an extension to the 60 day rule pursuant to paragraph 11.23 of the JSE
Listings Requirements to dispatch the circular to shareholders regarding the specific repurchase.

The extension has been granted until 31 May 2019.

Johannesburg

18 April 2019

Designated Advisor: Bridge Capital Proprietary Limited

Legal Advisor to Accentuate: Fullard, Mayer, Morrison Inc.

Date: 18/04/2019 01:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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