Prospective investors who have been invited to apply can do so by following the instructions provided above. The rights granted to an Applicant to apply for Shares in terms of the Private Placement may be exercised only by the invitee and may not be transferred, renounced or assigned in favour of anyone else.
Applications will be irrevocable once received by The Impakt Fund. No receipts will be issued for applications and/or payments received. Applications can be made by a single addressee acting as an Applicant for a minimum acquisition cost of R1,000,000 (one million South African Rands).
Should prospective investors wish to separately allocate their total investment in The Impakt Fund among the different opportunities described in the PPM, they should stipulate their intention to do so by selecting the correct portion of capital for each Share Class in the Subscription Form.
Applications will be regarded as complete once payment has been received. Payment may be made by bank guaranteed cheque (crossed “not transferable”) or banker’s draft electronic transfer (confirmed by electronic proof of payment). All cheques and banker’s drafts will be deposited into the bank account of the Company
Reservation of rights
The Directors of The Impakt Fund reserve the right to accept or refuse any application(s), either in whole or in part, or to abate any or all application(s), whether or not received timeously, in such manner as they may, in their sole and absolute discretion, determine. They also reserve the right to amend the minimum and maximum individual and total subscription amounts as well as the Private Placement dates.
In the event of any application being rejected or accepted for a lesser number of Shares than applied for, any surplus money received will be refunded by The Impakt Fund within six weeks of the Offer Close Date.
In the event of an oversubscription, the allocation of Shares will be determined by the Board in an equitable manner, or the Board may accept the funds raised.
Prospective investors in jurisdictions outside South Africa
No action has been taken to permit the distribution of this document in a jurisdiction outside South Africa.
No person receiving this document in any territory other than South Africa may treat this document as constituting an offer or invitation to subscribe for shares unless such offer or invitation could lawfully be made in that territory.
Is it the responsibility of any person outside South Africa wishing to make an application to satisfy himself/herself as to the full observance of the laws of the relevant territory, including obtaining any requisite governmental or other consents, observing any other formalities required to be observed in such territory and paying any issue, transfer or other taxes required to be paid in such territory.