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4SIGHT HOLDINGS LIMITED - Issue of shares for profit warranties

Release Date: 10/07/2020 16:45
Code(s): 4SI     PDF:  
Wrap Text
Issue of shares for profit warranties

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


Shareholders are referred to the announcements issued on 5, 17 and 25 April 2018 respectively wherein the
Company entered into Sale of Shares and Sale Claims Agreements (the “Agreement”) for the purchase of AccTech
Systems Proprietary Limited (“AccTech”), Dynamics Africa Services Proprietary Limited (“Dynamics”) and
Simulation Engineering Technologies Proprietary Limited (“SET”), which acquisitions included profit warranties.

AccTech and Dynamics

The auditor has confirmed that the Net Profit After Tax achievement was within the 10% range of R32 400 00.
Accordingly, the Company has approved the issue of 167 101 142 shares to the former shareholders of AccTech
and Dynamics calculated on the purchase price of R50 000 000 divided by 29.92 cents.

10 July 2020

Designated advisor
Java capital

Date: 10-07-2020 04:45:00
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