Following the approval of the Resolutions passed at the General Meeting held virtually on 19 November 2021, shareholders are advised that the Odd-lot Offer transaction has been implemented in accordance with the Terms and Conditions of the offer as detailed in the circular.
3 163 828 SEI 1 odd lot shares have been repurchased by Selective Empowerment Investments 1 Ltd at repurchase consideration of R0.79 per SEI1 share.
As such, the issued share capital of the SEI1 share scheme has been reduced from 138 802 534 to 135 638 706. As at 26 November 2021 the share register has been reduced by 32.8% to 17 680 SEI1 shareholders.
The cash consideration has been disbursed to 8641 odd lot holders who elected to dispose of their holding and those who did not make an election by the cut – off date.
Shareholders are advised to contact Singular Systems on firstname.lastname@example.org or contact 010 271 3902 for any queries.Issued: 26 November 2021. Please view the report HERE