Sasfin definition
Examples of Sasfin in a sentence
The Introducer acknowledges that the Company may share any Personal Information across the Sasfin Group, from time to time, and agrees to ensure that all necessary permissions and consents required in terms of legislation, including POPIA, have been obtained before releasing Personal Information to the Company for this purpose.
Sasfin shareholders (“Shareholders”) are referred to the cautionary announcement published on 16 March 2017 wherein they were advised that ▇▇▇▇▇▇▇ had confirmed its interest to conclude a transaction with Sasfin upon implementation of which, ▇▇▇▇▇▇▇ would hold 25.1% of the ordinary shares in the issued capital of Sasfin.
Save that (i) the Subscription Shares shall, after the implementation of the Transaction, constitute 25.1% of the entire issued ordinary share capital of Sasfin and (ii) the Subscription Shares shall be listed on the JSE and will rank pari passu with all other issued and listed Shares, no warranty in respect of the Subscription Shares, Sasfin, the Sasfin group and its business or any other matter whatsoever, whether express or implied, is given to WIPHOLD SPV.
Amongst such conditions is the condition that the Repurchase Offer is accepted in respect of at least 16.3% of all Shares in the issued share capital of Sasfin as at the closing date of the Repurchase Offer, on the basis that this condition may be waived or relaxed by Sasfin (in its sole discretion).
In this event, Sasfin may need to waive or relax the condition that the Repurchase Offer is accepted in respect of 16.3% of all Shares in the issued share capital of Sasfin as at the closing date of the Repurchase Offer, and the number of Subscription Shares required to be issued to WIPHOLD SPV shall increase so as to ensure that the Subscription Shares represent 25.1% of the total issued ordinary share capital of Sasfin immediately after the implementation of the Repurchase Offer and the Subscription.
Consequently, upon implementation of the Transaction, WIPHOLD SPV will hold 25.1% of the entire issued share capital of Sasfin.