FULFILMENT OF THE CONDITIONS PRECEDENT AND FINALISATION ANNOUNCEMENT

 

Datacentrix Holdings Limited

Incorporated in the Republic of South Africa

(Registration number: 1998/006413/06)

Share code: DCT

ISIN: ZAE000016051

(“Datacentrix”)

Pinnacle Holdings Limited

Incorporated in the Republic of South Africa

Registration number 1986/000334/06

Share Code: PNC

ISIN: ZAE000184149

(“Pinnacle”)

 

 

FULFILMENT OF THE CONDITIONS PRECEDENT AND FINALISATION ANNOUNCEMENT

Datacentrix Shareholders are referred to the announcement released on SENS on Thursday, 10 November 2016 and in the press on Friday, 11 November 2016 wherein they were advised that Pinnacle, through DCT Holdings (Pty) Ltd (“DCT Holdings”), has made an offer to Datacentrix to acquire 100% of the issued ordinary share capital of Datacentrix excluding treasury shares and shares that DCT Holdings already owns (the “Proposed Transaction”), and the Circular which was issued on Thursday, 8 December 2016, containing details of the Proposed Transaction.

 

Datacentrix Shareholders are also referred to the SENS announcement published on 11 January 2017, regarding the results of the general meeting (“General Meeting”) in which the special resolutions and the ordinary resolutions, were passed by the requisite majority of votes of Datacentrix Shareholders present in person or represented by proxy at the General Meeting.

 

Capitalised terms used in this announcement that are not otherwise defined, bear the meanings ascribed to them in the Circular.

 

Datacentrix Shareholders are advised that the Takeover Regulation Panel has issued a Compliance certificate in terms of section 121(b)(i) of the Companies Act, 2008 (Act No. 71 of 2008). All conditions precedent to the Proposed Transaction have therefore been fulfilled, and the important dates and times are now final and are as follows:

 

 

2017

 

 

Scheme LDT, being the last day to trade Datacentrix Shares on the JSE in order to be recorded in the Register to receive the Scheme Consideration, on

Tuesday, 7 February

Suspension of listing of Datacentrix Shares on the JSE to take place at the commencement of trade on

Wednesday, 8 February

Scheme Consideration Record Date, being the date on which Scheme Participants must be recorded in the Register to receive the Scheme Consideration, by close of trade on

Friday, 10 February

Operative Date of the Scheme on

Monday, 13 February

Scheme Consideration to be paid/posted to Scheme Participants who are Certificated Shareholders (provided their form of surrender and transfer and Documents of Title are received on or prior to 12:00 on the Scheme Consideration Record Date) on

Monday, 13 February

Scheme Participants who are Dematerialised Shareholders to have their accounts (held at their CSDP or broker) credited with the Scheme Consideration on

Monday, 13 February

Termination of listing of Datacentrix Shares on the JSE to take place at the commencement of trade on

Tuesday, 14 February

 

Midrand

30 January 2017

 

Sponsor to Pinnacle and Transaction Sponsor to Datacentrix

Deloitte & Touche Sponsor Services Proprietary Limited

 

 

Legal Adviser to Pinnacle and Datacentrix

TWB

 

 

Independent Expert

Mazars Corporate Finance Proprietary Limited

 

 

 


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Contact Information Tel: +27 11 265 3000
Fax: +27 11 265 3059
info@pinnacleholdings.co.za
Location (Head Office)
The Summit
269 16th Road
Midrand
Gauteng
South Africa