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Mahube - scheme circular
On 9 December 2025 ("Firm Intention Announcement") Shareholders were advised that Mahube had entered into the Scheme Implementation Agreement in terms of which, inter alia, the Offeror had expressed its firm intention to make a cash Offer of ZAR5.50 per Mahube Share to acquire Shares held by certain Shareholders by way of a scheme of arrangement, to be proposed by Mahube to Shareholders ("Scheme").
Distribution of the Scheme Circular and notice of the Scheme Meeting
The Scheme Circular has been distributed today, Friday, 13 March 2026. The Circular incorporates a notice of Scheme meeting to be convened for the purposes of approving the resolutions required to implement the Scheme ("Scheme Meeting"). The Scheme Meeting will be held at 12:00 on Wednesday, 15 April 2026 at African Pride Melrose Arch Hotel, 1 Melrose Blvd, Melrose Arch, Johannesburg, 2196 and virtually by way of electronic communication.
Potential delisting
If as a consequence of the Scheme becoming Operative, Mahube will no longer meet the JSE Requirements as they pertain to certain conditions for listing, Mahube will accordingly, upon the Scheme becoming Operative, make application to the JSE to terminate its listing.
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