Regarding

  • The proposed Category 1 related party acquisition by ConvergeNet of the remaining 25% minority interest held in Sizwe Africa IT Group (Pty) Ltd ("Sizwe"), subject to certain conditions and waiver of a mandatory offer;
  • The proposed Category 2 related party acquisition by ConvergeNet of the remaining 26% minority interest held in Andrews Kit (Pty) Ltd (trading as Contract Kitting ("Contract Kitting")), subject to certain conditions; and
  • The issue of 100,000,000 new no par value pari passu shares at an issue price of R0.32 per share to a related party as part of the consideration to acquire Sizwe;

and incorporating:

  • A notice of general meeting of the shareholders of ConvergeNet convened in accordance with section 61 of the Companies Act, 2008 (No. 71 of 2008); and
  • A form of proxy (white) in respect of the general meeting of ConvergeNet shareholders (for use by certificated ConvergeNet shareholders and own-name dematerialised ConvergeNet shareholders only).
distributed by