The closing date of the offer has been extended from 7 April to close of business of the relevant Post Office on Wednesday, 28 April 2010.
The closing date for participation by qualifying retailers has been extended for a number of reasons. Significant interest has been expressed in the offer, but not all potential applicants managed to complete and/or submit their applications in time.
In addition, some applicants have submitted incomplete documentation in support of their applications and some applicants did not subscribe for funds within the bands specified in the prospectus.
The extension in the closing date will allow one last opportunity to participate, and will allow those who have applied to submit missing documentation or 'top up' subscriptions.
SAB has been encouraged by the high level of interest from retailers in the offer.
There has been good attendance at workshops, as well as ongoing requests by retailers for assistance to apply for their licences.
SAB Zenzele represents the company's effort to help thousands of South Africans to take an important step forward in creating better lives for themselves.
It is estimated that allocations and posting of share confirmations will take place at the beginning of June.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
