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Goliath Gold - Finalisation Announcement
Shareholders are referred to the announcements released on the Stock Exchange News Service of the JSE Ltd. on 22 September 2015, 15 October 2015, 4 November 2015 and 16 November 2015, and to the circular to Shareholders dated 15 October 2015 (“Circular”) (and using the terms therein unless otherwise stated) regarding the firm offer by Gold One Africa to acquire all the Goliath Gold ordinary shares that Gold One Africa does not already own, by way of a Scheme in terms of section 114 of the Companies Act, to be proposed by the Goliath Gold Board between Goliath Gold and Goliath Gold Shareholders.
Shareholders are advised that, following receipt from the Takeover Regulation Panel (“Panel”) of a compliance certificate in terms of section 119(4)(b) of the Companies Act in respect of the Scheme on 17 November 2015, all outstanding conditions precedent to the Scheme have now been fulfilled.
Accordingly, Goliath Shareholders are advised that the salient dates which were set out in the Circular, have been amended by mutual agreement between Goliath Gold and Gold One Africa (with the approval of JSE Ltd. (“JSE”) and the Panel) as follows:
- Scheme LDT, being the last day to trade Goliath Gold Shares on the JSE in order to be recorded in the Register to receive the Scheme Consideration, on - Friday, 27 November
- Suspension of listing of Goliath Gold Shares on the JSE to take place at the commencement of trade on - Monday, 30 November
- Scheme Consideration Record Date, being the date on which Scheme Participants must be recorded in the Register to receive the Scheme Consideration, by close of trade on - Friday, 4 December
- Last date on which the Scheme Participants can make an election in respect of the Scheme Consideration by 12:00 on - Friday, 4 December
- Date on which the Scheme is implemented - Monday, 7 December
- Immediate Cash Payment to be paid/posted to Scheme Participants who are Certificated Shareholders (provided their form of election, surrender and transfer (blue) and Documents of Title are received on or prior to 12:00 on the Scheme Consideration Record Date) on or about - Monday, 7 December
- Scheme Participants who are Dematerialised Shareholders to have their accounts (held at their CSDP or broker) credited with the Immediate Cash Payment on or about - Monday, 7 December
- Termination of listing of Goliath Gold Shares on the JSE to take place at the commencement of trade on or about - Tuesday, 8 December
- Deferred Cash Payment to be paid/posted to Scheme Participants who are Certificated Shareholders (provided that the form of election surrender and transfer (blue) and Documents of Title are received on or prior to 12:00 on the Scheme Consideration Record Date on or about - Tuesday, 6 June
- Scheme Participants who are Dematerialised Shareholders to have their accounts (held at their CSDP or broker) credited with the Deferred Cash Payment on or about - Tuesday, 6 June
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