Contact centre service provider CCN Holdings is offering to buy out its minority shareholders at 85c a share.
The group announced in September that it was buying back shares from two shareholders at 85c each, for a total of R15.49 million.
The company`s board says the decision to extend a similar voluntary offer to minority shareholders to acquire all or part of their shareholding was taken in the interests of equity and fairness.
"The board felt that, notwithstanding that the decision to effect the specific repurchase was due to strategic considerations, the voluntary offer is being extended to afford all minority shareholders the opportunity to sell all or a part of their shareholding in CCN at the same price as that offered in terms of the specific repurchase."
The shares bought back are to be cancelled and application made to the JSE to terminate the listing of those shares.
CCN has also issued a trading update for the six months to end-October. It says continuing operations` loss after tax will have reduced by more than 30% compared with the year-earlier period.
It says it has been successful in integrating both the Call Centre Nucleus business and the Tiscali contact centre.
"The trading businesses, consisting of Call Centre Nucleus and Netflorist, have recently achieved breakeven levels on a month-by-month basis. However, it is anticipated that additional investment will be required in order to grow the market, build infrastructure and develop skills in the short to medium term, with benefits being realised over the longer term."
Share
