Acquisition of a 63.71% stake in Telemedia - further update announcement
REX TRUEFORM GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO ISIN: ZAE000250387
JSE share code: RTN ISIN: ZAE000250395
JSE share code: RTOP ISIN: ZAE000250403
("Rex Trueform" or the "Company")
ACQUISITION OF A 63.71% STAKE IN TELEMEDIA PROPRIETARY LIMITED – FURTHER UPDATE ANNOUNCEMENT
1. Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on
13 November 2020 (the "13 November 2020 announcement") regarding the sale of shares agreement
("Sale of Shares Agreement"), that the Company, together with African and Overseas Enterprises Limited
had entered into with the Trustees for the time being of the Bretherick Family Trust, Peter Fairbank
Bretherick, Ryan David Bretherick, and Stephen Mark Bretherick in terms of which Rex Trueform would
acquire a 63.71% stake in Telemedia Proprietary Limited (the "Transaction"), together with the update in
this regard released on SENS on 18 June 2021.
2. The Company advises that the Agreement was amended in writing on 25 August 2021, in respect of the
2.1. The condition precedent requiring the Independent Communications Authority of South Africa to
provide its written consent to the Transaction (the "Condition Precedent") by an extended date
of no later than 29 January 2022.
2.2. The definition of "Effective Date" of the Transaction which will now read as follows:
“Effective Date’ means the 1st (first) day of the calendar month following the Unconditional Date,
or 1 November 2021, whichever occurs last, or such later date thereafter which is as soon as
reasonably possible after the issue of the Consideration Shares and as agreed to in writing between
The Condition Precedent remains outstanding. The implementation of the Transaction remains subject to the
fulfilment of the Condition Precedent.
26 August 2021
Date: 26-08-2021 05:00:00
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