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Extension of the postage date of the Category 1 Circular
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or “the Company”)
EXTENSION OF THE POSTAGE DATE OF THE CATEGORY 1 CIRCULAR
Shareholders are referred to the announcement released by Adapt IT Holdings Limited
on SENS on 3 February 2021 and the subsequent announcement released by Huge on
SENS on 5 February 2021, advising that Huge had given notice to the board of directors
of Adapt IT that Huge intends to make a general offer as contemplated in section
117(c)(v) of the Companies Act, 2008 (as amended) to the holders of ordinary shares of
Adapt IT to acquire up to 100% of the issued Adapt IT Shares (“the Proposed Transaction”).
Shareholders are hereby advised that the posting of the category 1 circular to Huge
shareholders relating to the Proposed Transaction has been delayed and is expected to
be distributed on or before Friday, 7 May 2021.
The board of directors of the Company (“Board”), individually and collectively accepts
full responsibility for the accuracy of the information contained in this announcement. In
addition, the Board certifies that to the best of its knowledge and belief, the information
contained in this announcement solely pertaining to the Company is true and, where
appropriate, does not omit anything that is likely to affect the importance of the
information contained herein, and that all reasonable enquiries to ascertain such
information has been made.
24 March 2021
Joint Financial Advisor and Transaction Sponsor
Questco Proprietary Limited
Joint Financial Advisor
PwC Corporate Finance Proprietary Limited
Legal Advisor
Herbert Smith Freehills South Africa LLP
Date: 24-03-2021 10:30:00
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