NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“Act”), holders of ordinary shares in the Company are advised that:

 

UBI General Partner Proprietary Limited, in its capacity as general partner of the ARC Fund (“ARC Fund”) has informed the Company that the ARC Fund acquired an additional 2.11% of the issued share capital of the Company, such that the total interest now held by the ARC Fund amounts to 50.001% of the issued share capital of the Company.

 

Such acquisition was implemented in compliance with section 127(4) of the Companies Act, on substantially the same terms as those of the general offer implemented on 25 April 2022 at a purchase price of 35 cents per CSG share acquired.

 

As required in terms of section 122(3)(a) of the Companies Act, the Company filed the required the notices with the Takeover Regulations Panel on 11 May 2022.

RESPONSIBILITY STATEMENT


The Board, collectively and individually, accept responsibility for the information contained in this announcement and certify that, to the best of their knowledge and belief, the information contained in this announcement relating to CSG is true and this announcement does not omit anything that is likely to affect the importance of such information.

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