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4SIGHT HOLDINGS LIMITED - Further extension to posting of circular

Release Date: 07/07/2020 15:00
Code(s): 4SI     PDF:  
Wrap Text
Further extension to posting of circular

(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
JSE share code: 4SI ISIN: MU0557S00001
(“4Sight” or the “Company” or the “Group”)


Shareholders are firstly referred to the initial announcement published on SENS on 7 April 2020, where 4Sight advised
shareholders that it had entered into a share sale and repurchase agreement with various parties (the “purchasers”)
whereby 4Sight will dispose of 100% of the issued share capital of Digitata Limited (“Digitata”) (the “Digitata
Equity”) to the purchasers for an aggregate consideration of R91 900 000 (the “Digitata Sale Consideration”).

The Digitata Sale Consideration will be discharged by the purchasers selling to the Company, as part of an indivisible
transaction, an aggregate of 290 549 558 4Sight shares (the “repurchase shares”) for an amount equal to the Digitata
Sale Consideration (the disposal of Digitata Equity and the repurchase by the Company of the repurchase shares are
collectively referred to herein as the “proposed transaction”). Shareholders were also advised that full details of the
proposed transaction would be set out in a circular which will be distributed by 4Sight to its shareholders (the

Shareholders are secondly referred to the announcement published on SENS on 19 June 2020 wherein shareholders
were advised that as a result of the impact of the COVID-19 pandemic and the resultant lockdown on the Company, the
JSE had granted 4Sight an extension until Thursday, 2 July 2020 to finalise and distribute the circular pertaining to the
disposal of Digitata and the subsequent repurchase by the Company of 4Sight shares to shareholders.

Shareholders are now advised that the JSE has granted 4Sight a further extension to finalise and distribute the circular
to shareholders. As such, the circular is expected be distributed to shareholders by no later than Friday, 24 July 2020.

7 July 2020

Designated advisor
Java capital

Date: 07-07-2020 03:00:00
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