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Latest News: Massmart Holdings Ltd.MASSMART [MSM]
(Suspended)

Fri, 4 Nov 2022	Official Announcement [RD]
Massmart - scheme of arrangement finalisation Shareholders are advised that all the remaining Scheme Conditions have now been fulfilled and/or waived, as applicable, and that the Scheme has accordingly become unconditional with effect from Friday, 4 November 2022. Consequently, Massmart and Walmart will proceed with implementation of the Scheme. The implementation of the Scheme will result in - • Walmart acquiring all of the Scheme Shares for the Scheme Consideration on the Scheme Implementation Date; and • the Delisting of the Massmart Shares from the main board of the JSE pursuant to the Scheme being implemented. Scheme Participants will therefore receive the Scheme Consideration on the Scheme Consideration Settlement Date as indicated in the timetable below. As a result of the unconditionality of the Scheme, the General Offer will not be implemented.
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