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RAH update on acquisition & delisting
RAH shareholders are advised that, as set out in the circular dated 20 January 2012 ("circular"), those RAH shareholders who had not yet accepted the offer by Sun International (South Africa) Ltd. ("the offeror") to acquire all of their RAH shares ("remaining RAH shareholders") had until close of business on Friday, 9 March 2012 to make an application to the High Court of South Africa ("the Court").
Remaining RAH shareholders collectively holding 3 039 197 ordinary shares in the share capital of RAH (0.84% of the total RAH shares in issue excluding treasury shares) ("dissenting shareholders") have brought an action in court. Sun International Ltd. intends defending the action. The shares held by the dissenting shareholders will therefore not form part of the compulsory acquisition until such time as the application by the dissenting shareholders has been disposed of. The compulsory acquisition of the remaining RAH shareholders, other than the dissenting shareholders, will take place on Tuesday, 13 March 2012. The listing of RAH shares on the JSE will be terminated with effect from the commencement of trade on Wednesday, 14 March 2012.
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