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ACCENTUATE LIMITED - Further update announcement regarding the category 1 circular to shareholders

Release Date: 30/07/2020 16:40
Code(s): ACE     PDF:  
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Further update announcement regarding the category 1 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”)


FURTHER UPDATE ANNOUNCEMENT REGARDING THE CATEGORY 1 CIRCULAR TO SHAREHOLDERS

Accentuate shareholders are referred to the announcement released by Accentuate on SENS on 6
April 2020 (“the Announcement”). Shareholders were advised in the Announcement, that Accentuate
had agreed to the key terms of a proposed transaction (“Sale of Shares and Sale Claims”) with Safic
Proprietary Limited (“Safic”), in terms of which Accentuate will dispose of 100% of its shareholding in
Safic, constituting Accentuate’s entire shareholding in Safic, to the purchasers (“the Transaction”).

Shareholders were further advised on 8 June 2020 and 10 July 2020 that the JSE Limited had 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 Transaction by 31 July 2020.
However, due to a delay in finalising the financial review, shareholders are advised that the circular to
shareholders regarding the Transaction is expected to be posted by 21 August 2020.

Johannesburg

30 July 2020

Designated Advisor: Bridge Capital Advisors Proprietary Limited

Legal Advisor to Accentuate: Fullard Mayer Morrison Inc.

Date: 30-07-2020 04:40:00
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