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Takeover authority grants Huge Group an extension on Adapt IT acquisition offer

Takeover authority grants Huge Group an extension on Adapt IT acquisition offer
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Notification of an acquisition of beneficial interest in securities by the PIC

Home » Internet » Notification of an acquisition of beneficial interest in securities by the PIC Notification of an acquisition of beneficial interest in securities by the PIC Posted by PublisherInternet Monday, 8. February 2021 (https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) In accordance with section 122(3)(b) of the Companies Act 71 of 2008 (the Act), Regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) has received formal notification that Public Investment Corporation (PIC) SOC Limited has increased its total shareholding from 14.390% to 15.155% of the total issued shares of the Company.

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AECI Limited - Holding(s) in Company

AECI Limited - Holding(s) in Company PR Newswire (Registration number: 1924/002590/06) Share code: AFE ISIN: ZAE000000220 Hybrid code: AFEP ISIN: ZAE000000238 Bond company code: AECI DISCLOSURE OF SIGNIFICANT HOLDING OF AECI ORDINARY SHARES In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended (the Companies Act ), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders and bondholders are advised that Coronation Asset Management Proprietary Limited ( Coronation ) has notified the Company that accounts under its management have increased its holding in the Company such that Coronation now holds 5,01% of the issued ordinary shares in the Company.

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Huge Group wins shareholder backing for Adapt IT bid

MONEYWEB app instead? Huge Group, which is also a listed entity announced its pursuit of Adapt IT last Wednesday. 09:08 Image: Mario Proenca/Bloomberg Telecommunications company Huge Group has secured the backing of more than three-quarters of its shareholders for its R795-million pursuit of JSE-listed software services group Adapt IT, it said on Monday. Huge Group, which is also a listed entity announced its pursuit of Adapt IT last Wednesday, counts large institutional investors such as Stanlib Asset Management, Sentio Capital Management and Praesidium Capital Management among its shareholders. It said shareholders representing 79.57% of Huge shares have provided irrevocable undertakings to support the Adapt IT offer.

South africaSouth africanJames herbstHuge groupTakeover regulation panelTakeover regulation panel onStanlib asset managementSentio capital managementPraesidium capital managementஜேம்ஸ் மூலிகைமிகப்பெரியது குழுகையகப்படுத்தல் ஒழுங்குமுறை குழுகையகப்படுத்தல் ஒழுங்குமுறை குழு ஆன்

Huge Group shares take a knock after shareholder approval to buy Adapt IT

The Huge Group share price declined by more than 5 percent on the JSE yesterday after the technology group received backing from the majority of its shareholders for the proposed acquisition of Adapt IT. Picture: Ian Landsberg/African News Agency(ANA) Huge Group shares take a knock after shareholder approval to buy Adapt IT By Sandile Mchunu Share DURBAN - THE HUGE GROUP share price declined by more than 5 percent on the JSE yesterday after the technology group received backing from the majority of its shareholders for the proposed acquisition of Adapt IT. The group announced last week that it had tabled an offer to acquire all of Adapt IT issued share capital for 552 cents a share, which values the company at R795 million, and the offer represented a 33 percent premium on its 30-day weighted average traded price on January 26.

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