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Merchant -- joint finalisation announcement
Shareholders were referred to the SENS announcement dated 9 September 2011 wherein they were advised that all conditions precedent to the scheme have been fulfilled. As detailed in the circular sent to Merchant shareholders on 1 August 2011, the salient dates and times relating to the scheme remain the same and are as follows:
- Last day to trade Merchant shares on the JSE in order to be recorded in the register to receive the scheme consideration on Friday, 11 November 2011
- Suspension of listing on the JSE of Merchant shares at commencement of trading on Monday, 14 November 2011
- 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 trading on Friday, 18 November 2011
- Operative date of the scheme on Monday, 21 November 2011
- Scheme consideration to be paid/posted to certificated scheme participants (if documents of title are received on or prior to 12:00 on the scheme consideration record date) on or about Monday, 21 November 2011
- Dematerialised scheme participants to have their accounts (held at their CSDP or broker) updated on or about Monday, 21 November 2011
- Termination of listing of Merchant shares on the JSE at the commencement of trading on or about Tuesday, 22 November 2011
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