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IFCA -- disposal, name change and meeting
IFC
Posted Fri, 23 Mar 2012

Further to the announcement released on SENS on 20 March 2012, the board of directors of IFCA advised shareholders that the circular containing full details of, inter alia, the mandatory offer (which mandatory offer is unconditional), the IFCA sWare disposal and change of name of the company as well as a notice to convene a general meeting of IFCA shareholders in order to consider and, if deemed fit to pass, with or without modification, the resolutions necessary to approve and implement, inter alia, the IFCA sWare disposal and change of name of the company ("circular") has been distributed to shareholders on Friday, 23 March 2012. Important dates and times The salient dates relating to the mandatory offer, as well as the IFCA sWare disposal, the conversion and increase in authorised no par value share capital of the company and the change of name of the company, which are collectively referred to in the circular as the corporate actions, are set out below: *Circular posted to IFCA shareholders on Friday, 23 March 2012 *Declaration information in respect of the change of name released on SENS on Friday, 23 March 2012 *Mandatory offer opens at 09:00 on Monday, 26 March 2012 *Last day to trade in respect of the mandatory offer -- Friday, 11 May 2012 *Shares trade "ex" the mandatory offer -- Monday, 14 May 2012 *Last day to trade in respect of the general meeting -- Friday, 18 May 2012 *Mandatory offer record date -- Friday, 18 May 2012 *Mandatory offer closes at 12:00 on Friday, 18 May 2012 *Results of mandatory offer released on SENS on Monday, 21 May 2012 *Dematerialised shareholders who have accepted the mandatory offer will have their accounts at their CSDP or broker updated within six business days of notification to the relevant CSDP or broker in terms of the relevant custody agreement between the dematerialised shareholder and its CSDP or broker, with the last date on which such accounts being updated on Monday, 21 May 2012 *Provided their IFCA documents of title, together with the completed form of acceptance, surrender and transfer (white) have been surrendered to the transfer secretaries by no later than 12:00 on the mandatory offer record date, certificated shareholders who have accepted the mandatory offer will be paid within six business days of receipt thereof by the transfer secretaries, by bank transfer or by cheque (which will be posted by ordinary mail) with the last payment being made on Monday, 21 May 2012 *General meeting record date -- Friday, 25 May 2012 *Last day to lodge forms of proxy for the general meeting by 10:00 on Thursday, 31 May 2012 *General meeting to be held at 10:00 on Monday, 4 June 2012 *Results of general meeting released on SENS on Monday, 4 June 2012 *Finalisation announcement in respect of the change of name released on SENS on Friday, 29 June 2012 *Last day to trade in the name of IFCA -- Friday, 6 July 2012 *No share certificates in the name of IFCA may be dematerialised/rematerialised after Friday, 6 July 2012 *Shares will trade in the new name of Sherbourne Capital Ltd. with ISIN: ZAE000165403 and JSE share code: SHB from Monday, 9 July 2012 *Record date in respect of change of name of the company -- Friday, 13 July 2012 *Dematerialised shareholders will have their accounts at their CSDP or broker updated -- Monday, 16 July 2012 *Certificated shareholders will have new share certificates in the name of Sherbourne Capital Ltd. posted by registered post, provided their IFCA documents of title have been surrendered by 12:00 on the name change record date (otherwise within five business days after receipt of such documents of title) -- Monday, 16 July 2012 Change of name of the company Subject to the approval of shareholders in general meeting, it is proposed that the name of the company be changed from "FCA Technologies Ltd." to "Sherbourne Capital Ltd." with effect from Monday, 9 July 2012 in order to better reflect the company's new corporate identity and repositioning from a technology provider into a high growth business incubator. The name has been reserved for the company by the Companies and Intellectual Property Commission. The abbreviated name of the company to be used for purposes of the JSE trading system will be SHERCAP and the JSE share code will be SHB. A special resolution to effect the proposed change of name is included in the notice of general meeting which is attached to and forms part of the circular. The change of name of the company will result in certificated IFCA shareholders having to exchange their existing share certificates for new share certificates reflecting the new name of the company in accordance with the procedure for surrendering existing documents of title as detailed in the circular. IFCA shareholders holding certificated shares will therefore be required to complete the form of surrender (blue), which is attached to and forms part of the circular, in accordance with the instructions contained therein. IFCA shareholders holding shares in dematerialised form need not take any action in this regards, as their accounts will be updated automatically by their CSDP or broker.


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