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Adapt IT to delist from JSE
South African technology services company Adapt IT has informed its shareholders that it will officially be delisted from the JSE from 4 January 2022.
The delisting comes after it agreed to an offer from Canadian company Volaris to acquire up to 100% of the issued ordinary shares of Adapt IT from its shareholders at R7.00 cash per share.
The Competition Commission approved the transaction in October 2021, after 87% of Adapt IT's shareholder's vote during a meeting on 30 June 2021.
South African technology services company Adapt IT has informed its shareholders that it will officially be delisted from the JSE from 4 January 2022.
The delisting comes after it agreed to an offer from Canadian company Volaris to acquire up to 100% of the issued ordinary shares of Adapt IT from its shareholders at R7.00 cash per share.
The Competition Commission approved the transaction in October 2021, after 87% of Adapt IT's shareholder's vote during a meeting on 30 June 2021.