Regarding:

  • the proposed Category 1 related party disposal by ConvergeNet of 100% of ConvergeNet's interest in Sizwe to Zaloserve for R120 million, which transaction constitutes a disposal by ConvergeNet in terms of section 112 of the Companies Act;
  • the proposed Category 2 related party disposal by ConvergeNet of 100% of ConvergeNet's interest in Telesto to ConvergeCom for R7.3 million;
  • the granting by ConvergeNet of financial assistance to the Sizwe Purchaser and the Telesto Purchaser, by way of deferring a portion of the purchase consideration payable for the purpose of, or in connection with, the purchase of the Sizwe Sale Shares and the Telesto Sale Shares, respectively, in terms of sections 44 and 45 of the Companies Act;
  • the restructuring of ConvergeNet's authorised and issued share capital by consolidating its authorised and issued share capital on the basis of 1
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