|
|
Sovfood - scheme unconditional salient dates
Unless otherwise defined, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the combined offer circular to Sovereign shareholders dated Thursday, 7 September 2017 (“Circular”).
Sovereign Shareholders are referred to the Circular, accompanied by the Bidco Prospectus, in terms of which Sovereign Shareholders were advised of the two separate but concurrent offers by Bidco to acquire all or a portion of the Sovereign Shares in issue, excluding Treasury Shares, by way of the Scheme, or the General Offer.
Scheme has become wholly unconditional and the General Offer has lapsed
Sovereign Shareholders are advised that all of the Scheme Conditions have been fulfilled and the TRP has issued a compliance certificate in terms of section 121(b)(i) of the Companies Act in respect of the Scheme. Accordingly, the Scheme has become wholly unconditional on Thursday, 2 November 2017 and the Scheme will become operative and the Delisting will be implemented in accordance with the salient dates and times set out below.
As a result of the Scheme becoming operative, the General Offer will lapse and will not be implemented.
The salient dates and times in respect of the Scheme and the Delisting are as follows:
- Lodging of an application for the termination of the listing of the Sovereign Shares on the main board of the Exchange, on Friday, 3 November 2017
- Scheme LDT, being the last day to trade in Sovereign Shares in order to be recorded in the Register to be eligible to participate in the Scheme, on Tuesday, 14 November 2017
- Suspension of the listing of Sovereign Shares at the commencement of trade on the Exchange, on Wednesday, 15 November 2017
- Scheme Record Date, being the date on which a Sovereign Shareholder must be recorded in the Register in order to be eligible to participate in the Scheme, on Friday, 17 November 2017
- Latest date on which Scheme Participants must make an Election and deliver completed Application Forms (in respect of a Share Consideration Election) to the Transfer Secretaries, at 12:00, on Friday, 17 November 2017
- Scheme Operative Date, being the date on which the Scheme becomes operative and on which the Offer Consideration becomes payable to Scheme Participants, on Tuesday, 21 November 2017
- Expected termination of the listing of Sovereign Shares on the main board of the Exchange at the commencement of trade, on Wednesday, 22 November 2017
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
