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Cullinan - GM results and finalisation
The Preference Shareholders are advised that all the resolutions contained in the notice convening the Scheme Meeting were approved by the requisite majorities of shareholders present in person or represented by proxy at the Scheme Meeting of the company held on Friday, 25 January 2019.
Details of the resolutions and the voting are contained in the table below. The issued Preference Share capital of the company is 500 000 Preference Shares, all of which were entitled to vote at the Scheme Meeting. The Preference Shareholders are further advised that no Preference Shareholders exercised their rights in terms of sections 115 or 164 of the Companies Act, 2008 and that all conditions precedent as detailed in the Scheme Circular have been fulfilled.
The Scheme will therefore be implemented in accordance with its terms and conditions and will proceed according to the following salient dates and times: 2019
- Scheme LDT, being the last day to trade Preference Shares on the JSE in order to be recorded in the Register to receive the Scheme Consideration, by close of business on Tuesday, 5 February
- Suspension of listing of Preference Shares on the JSE expected to take place at the commencement of trade on Wednesday, 6 February
- 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, 8 February
- Operative Date of the Scheme Monday, 11 February
- Payment and delivery of Scheme Consideration Monday, 11 February
- Termination of listing of Preference Shares at commencement of trade on the JSE Tuesday, 12 February
To the extent that the distribution of the Scheme Consideration in certain jurisdictions outside of South Africa may be restricted or prohibited by the laws of such foreign jurisdiction then this announcement is deemed to have been provided for information purposes only and the Cullinan Board accepts no responsibility for any failure by Scheme Participants to inform themselves about, and to observe, any applicable legal requirements in any relevant foreign jurisdiction. Scheme Participants who are in doubt as to their position should consult their professional advisors.
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