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Freeworld -- updated dates regarding delisting
Freeworld shareholders ("Shareholders") are referred to the circular dated 25 October 2011 ("Circular") regarding the delisting ("Delisting") of Freeworld ordinary shares ("Freeworld Shares") from the exchange operated by the JSE and a scheme of arrangement ("Scheme") in terms of which, if implemented, Kansai will acquire all the issued shares of Freeworld not already owned by Kansai, save for Freeworld shares in respect of which a retained investment election is made. Definitions on pages 8 to 12 of the circular are used in this announcement. Copies of the circular can be found at http://www.freeworldcoatings.com/ and http://ww.kansai.co.jp/global_site/index.html. As announced previously, all conditions precedent to the scheme and the delisting were fulfilled by 7 December 2011 and accordingly the scheme is currently operative.
Updated important dates and times
On 14 December 2011 the South African government announced that 27 December 2011 will be an additional public holiday in South Africa. This has necessitated Freeworld and Kansai to update the following important dates and times set out in the circular as follows:
- Expected operative date of the scheme and expected date of payment of the scheme consideration to be transferred electronically or posted to certificated scheme consideration recipients (if Form of Election (blue) and Documents of Title are received by the transfer secretaries on or before 12:00 on the scheme consideration record date on -- Wednesday, 28 December 2011
- Expected termination of listing of Freeworld shares on the exchange at the commencement of trade on or about -- Thursday, 29 December 2011
Other than the abovementioned changes there are no changes to the important dates and times set out in the circular.
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