{"id":19208,"date":"2012-08-01T10:35:54","date_gmt":"2012-08-01T08:35:54","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=19208"},"modified":"2012-08-01T10:39:57","modified_gmt":"2012-08-01T08:39:57","slug":"foneworx-investors-approve-kirsh-family-deal","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/19208\/foneworx-investors-approve-kirsh-family-deal\/","title":{"rendered":"FoneWorx investors approve Kirsh Family deal"},"content":{"rendered":"<p>IT solutions provider FoneWorx announced on Wednesday (01 August) that it had received approval from its shareholders to proceed with the proposed purchase of the IDC\u2019s stake and the subsequent sale of those shares to a consortium of the Kirsh Family trusts.<\/p>\n<p>The shares will be priced at R130.81 per share for both the purchase from the IDC and the sale to the Kirsh Family trusts.<\/p>\n<p>FoneWorx CEO Mark Smith said: \u201cWe are pleased we have been able to replace IDC\u201a which has been a supportive shareholder\u201a with Issie and William Kirsh\u201a to whom the company can look to unlock further value in FoneWorx and pursue a new growth strategy.\u201d<\/p>\n<p>FoneWorx shareholders have been advised to exercise caution in dealing in the company\u2019s securities due to the ongoing negotiations between FoneWorx and the Kirsh family regarding the new strategic direction for the company.<\/p>\n<p><strong>Relates article<\/strong><\/p>\n<p><strong><a title=\"FoneWorx to change direction\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/17618\/foneworx-points-to-directional-change\/\">FoneWorx to change direction<\/a><\/strong><\/p>\n<p><strong><a title=\"Two directors leave FoneWorx\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/7076\/two-directors-leave-foneworx\/\">Two directors leave FoneWorx<\/a><\/strong><\/p>\n<p><strong><a title=\"FoneWorx reports 14% rise in H1 revenue\" href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/6943\/foneworx-reports-14-rise-in-h1-revenue\/\">FoneWorx reports 14% rise in H1 revenue<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FoneWorx has received approval from its shareholders to proceed with the proposed purchase of the IDC\u2019s stake and the subsequent sale of those shares to a consortium of the Kirsh Family trusts.<\/p>\n","protected":false},"author":8,"featured_media":6946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[25,1807,625,3752],"class_list":["post-19208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-active","tag-foneworx","tag-idc","tag-kirsh-family"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/19208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=19208"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/19208\/revisions"}],"predecessor-version":[{"id":19210,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/19208\/revisions\/19210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6946"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=19208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=19208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=19208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}