Wrap Text
Distribution of Circular and Notice of General Meeting
ADCORP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1974/001804/06
Share code: ADR & ISIN: ZAE000000139
("Adcorp" or "the Group")
DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING
INTRODUCTION
Shareholders are referred to the Category 1 disposal and withdrawal of cautionary
announcement dated 1 December 2020 released on SENS whereby Adcorp, through its
wholly-owned subsidiary Adcorp Workforce Solutions Proprietary Limited (“AWS”), entered
into an agreement in terms of which, AWS will sell 100% of the issued shares in ASS
(“Disposal”).
DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING
A circular (“Circular”), detailing the Disposal, will be distributed to shareholders today,
Monday, 1 March 2020. The Circular also incorporates a notice convening a general meeting
of shareholders (“General Meeting”) for the purpose of considering, and, if deemed fit,
passing, with or without modification, the resolutions contained in such notice.
Notice is hereby given that the General Meeting will be held electronically at 10h00 on
Tuesday, 30 March 2021, to consider and, if deemed fit, to pass, with or without modification,
the requisite resolutions required for the Disposal.
The Circular is available in English only. Copies may be obtained during normal business
hours from the registered office of the Company and from the offices of the Company’s
sponsor, PSG Capital, from Monday, 1 March 2021 until Tuesday, 30 March 2021 (both days
inclusive). A copy of the Circular will also be available on the Company’s website
(www.adcorpgroup.com).
IMPORTANT DATES AND TIMES
Shareholders are referred to the table below setting out important dates and times in relation
to the General Meeting and the Disposal.
2021
Record date in order to be eligible to receive the Circular, Friday, 19 February
including the Notice of General Meeting
Monday, 1 March
Circular distributed to Shareholders on
Announcement providing salient dates, advising of the Monday, 1 March
distribution of the Circular and giving the date and place of the
General Meeting released on SENS on
Last day to trade in Shares in order to be eligible to attend, Tuesday, 16 March
participate in and vote at the General Meeting
General Meeting record date in order to be eligible to attend, Friday, 19 March
participate in and vote at the General Meeting
For administrative purposes, last day for receipt of Forms of Friday, 26 March
Proxy in respect of the General Meeting by 10:00 on
Forms of Proxy not lodged with the Transfer Secretaries to be Tuesday, 30 March
handed to the chairperson of the General Meeting, at any time
before the proxy exercises any rights of the Shareholders at the
General Meeting
General Meeting of Shareholders to be held at 10:00 on Tuesday, 30 March
Results of General Meeting released on SENS on Tuesday, 30 March
Notes
1. All of the above dates and times are subject to change. Any changes made will be notified to
Shareholders on SENS.
2. Shareholders should note that, as transactions in shares are settled in the electronic settlement
system used by Strate, settlement of trades takes place three Business Days after such trade.
Therefore, persons who acquire Shares after the last day to trade in order to be eligible to vote
at the General Meeting, namely, Tuesday, 16 March 2021, will not be able to vote thereat.
3. If the General Meeting is adjourned or postponed, Forms of Proxy submitted for the initial
General Meeting will remain valid in respect of any such adjournment or postponement.
4. All times given in the Circular are local times in South Africa.
Johannesburg
1 March 2021
Sponsor and Transaction Adviser
PSG Capital
Date: 01-03-2021 11:54:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
