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O-line - scheme of arrangement
Shareholders are referred to the joint detailed announcements, relating to inter alia, the conditional firm intention offer of OBO Bettermann GmbH & Co. KG to acquire all the issued shares of O-line ("O-line Shares"), save for the O-line Shares ("Management Shares") held by three executive managers and a Trust established for the benefit of one of those executive managers and his family (collectively "the Management Shareholders"), by way of a scheme of arrangement (the "Scheme") proposed by O-line between O-line and its shareholders(other than the Management Shareholders) and approved by more than 99% of its shareholders who voted at the O-line shareholders meeting held on 24 May 2012, as published on SENS on 22 February 2012, 22 April 2012 and 23 May 2012 and in the press on 23 February 2012, 23 April 2012 and 24 May 2012, respectively (the "Announcements") and the circular to O- line shareholders dated 23 April 2012 (the "Circular"). O-line shareholders are hereby advised that the Scheme is now unconditional and will be implemented in accordance with the terms set out in the Circular.
Salient dates
- Finalisation date announcement to be published on SENS on or about Tuesday, 12 June
- Finalisation date announcement to be published in the press on or about Wednesday, 13 June
- Last day to trade O-line shares on the JSE in order to be recorded in the register to receive the scheme consideration on Friday, 22 June
- Suspension of listing on the JSE of O-line shares at commencement of trading on Monday, 25 June
- Scheme consideration record date, being the time and date on which scheme participants must be recorded in the register to receive the scheme consideration, which is expected to be by 17:00 on Friday, 29 June
- Expected operative date of the scheme on Monday, 02 July
- Scheme consideration expected 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, 02 July
- Dematerialised scheme participants expected to have their accounts (held at their CSDP or broker) updated on Monday, 02 July
- Termination of listing of O-line shares on the JSE at the commencement of trading on or about Tuesday, 03 July.
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