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Atlatsa - salient dates and delisting
Atlatsa Resources Corporation shareholders ("Shareholders") are referred to the notice of special meeting and management information circular to Shareholders dated Thursday, July 4, 2019 ("Circular"), wherein Shareholders were advised of, inter alia, the Composite Transaction (as defined in the Circular) to be implemented by way of a Canadian court-approved plan of arrangement ("Plan of Arrangement") under section 288 of the Business Corporations Act (British Columbia), (the "Arrangement").
In addition, Shareholders are referred to the announcement on August 2, 2019 and August 12, 2019 advising Shareholders that, inter alia, the requisite Shareholder approvals in connection with the Arrangement and the Final Order by the Supreme Court of British Columbia, respectively, have been granted. Unless otherwise defined, capitalised words and terms contained in this announcement shall bear the meanings ascribed thereto in the Circular.
Shareholders are advised that all conditions to effectiveness of the Arrangement, as detailed in the Plan of Arrangement, have been fulfilled. Accordingly, the Arrangement has today become wholly effective and unconditional and the delisting from the TSX and the JSE will be implemented in accordance with the salient dates and times set out below.
The salient dates and times in respect of the Arrangement and the delisting from the JSE and the TSX are as follows: 2019
- Date on which the Arrangement becomes effective, on Tuesday, August 27
- Date on which applications are lodged for the termination of listing of the Common Shares from the TSX and the JSE, on or about Thursday, September 5
- Last day to trade Common Shares on the JSE in order to be recorded in the SA Branch Register to become entitled to receive payment of the Share Cash-Out Consideration in Rands, on or about (2) Tuesday, September 10
- Suspension of the listing of Common Shares at the commencement of trade on the JSE and halting of trading on the TSX, on or about Wednesday, September 11
- Closing date for the Arrangement, being the SA Payment Record Date, on or about Friday, September 13
- Payment Date for the Share Cash-Out Consideration pursuant to the Buy- Back, which, in respect of South African Shareholders, is to be: • credited to Dematerialised South African Shareholders' accounts held at their respective CSDPs or brokers; or • transferred or posted (as the case may be) to Certificated South African Shareholders,3 on or about Monday, September 16
- Expected date of the termination of listing or delisting of Common Shares on the TSX and the JSE at the commencement of trading, on or about Tuesday, September 17
Notes:
1. The dates and times set out in this announcement are subject to change, with the approval of the JSE or the TSX (if required). Any change in the dates and times will be published on SENS, SEDAR and in the South African press.
2. South African Shareholders may not dematerialise or rematerialise their Common Shares after such date.
3. Only for Certificated South African Shareholders who surrender their Documents of Title to the South African Transfer Secretary, Computershare Investor Services (Proprietary) Limited before 4:00 p.m. (South African Standard Time) or 7:00 a.m. (Pacific Daylight Time) on the SA Payment Record Date. Other Certificated South African Shareholders will have the Share Cash-Out Consideration due to them posted or transferred (as the case may be) within five Business Days after the surrender of their documents.
Shareholders are further reminded to submit their Letter of Transmittal or Form of Surrender, providing for the delivery of Common Shares to enable receipt of the Share Cash-Out Consideration, in accordance with the terms set out therein.
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