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Palcap -- finalisation of scheme of arrangement
Shareholders are referred to the SENS announcement dated 22 September 2011 relating to the approval of the Paladin scheme of arrangement ("the scheme") by the requisite majority of Paladin shareholders present and voting, in person or by proxy, at the meeting of scheme participants. Shareholders are hereby advised that all conditions precedent to the scheme have been fulfilled and accordingly the scheme is now unconditional. As detailed in the circular sent to Paladin shareholders on 24 August 2011, the salient dates and times relating to the final implementation of the scheme are as follows:
- Last day to trade Paladin shares on the JSE in order to be recorded in the register to receive the scheme consideration on -- Friday, 14 October 2011
- Suspension of listing of Paladin shares at the commencement of trade on the JSE on -- Monday, 17 October 2011
- Scheme consideration record date to be recorded in the register in order to receive the scheme consideration on -- Friday, 21 October 2011
- Final date for election of scheme consideration at 12h00 on Friday, 21 October 2011
- Operative date of the scheme on -- Monday, 24 October 2011
- Payment or delivery of the scheme consideration to be transferred electronically or posted to certificated scheme participants (if form of election, surrender and transfer (blue) contained in the circular and the documents of title are received by the transfer secretaries on or before 12h00 on the scheme consideration record date) on -- Monday, 24 October 2011
- Dematerialised scheme participants to have their accounts held at their CSDP or broker credited with the scheme consideration on -- Monday, 24 October 2011
- Termination of listing of Paladin shares on the JSE at the commencement of trade on -- Tuesday, 25 October 2011
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