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Huge Group Limited (JSE:HUG) News - Retraction
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge”)
RETRACTION
1. RETRACTION
Shareholders of Adapt IT Holdings Limited (“Adapt IT”) are referred to the audio-visual
material (“the Video”), relating to Huge's offer to Adapt IT Shareholders, which has been
posted on certain personal social media platforms of employees of Huge. Although the
Video was not made available on Huge’s website or on any other media platform of
Huge, Huge has been notified by the Takeover Regulation Panel ("TRP") that the Video
constitutes an “announcement” by Huge in respect of which approval from the TRP
ought to have been sought prior to publication.
Accordingly, Huge has requested its employees to remove the Video from their personal
social media platforms and retracts the statements contained in the Video.
2. RESPONSIBILITY STATEMENT
The Board accepts responsibility for the information contained in this announcement
insofar as it relates to Huge. To the best of its knowledge and belief, the information
contained in this announcement is true and the announcement does not omit anything
likely to affect the importance of the information.
16 July 2021
Corporate Advisor and Transaction Sponsor
Questco Proprietary Limited
Legal Advisor
Herbert Smith Freehills South Africa LLP
Date: 16-07-2021 12:50:00
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