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Thu 24 May 2007
Close: 4 589c 
Day's move: 0c (0.00%)
Volume: 0
Trades: 0
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Edcon suspends trading on JSE
Edcon suspended trading on the JSE on 7 May 2007 due to a scheme of arrangement.
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Edcon -- dates of suspension and delisting
Edcon shareholders are referred to the announcement dated Thursday, 8 February 2007. Shareholders are advised that as of Monday, 30 April 2007 all conditions precedent to which the ordinary and preference schemes are subject have been fulfilled.
Final important dates and times
Due to the slight delay in fulfilment of the regulatory conditions precedent, the important dates and times set out in the important dates announcement and the circular are no longer applicable. The revised important dates and times in respect of the ordinary scheme are set out below:
- Last day to trade on the JSE and NSX in order to be recorded in the register on the record date of the ordinary scheme Friday, 4 May
- Suspension of Edcon's listing on the JSE and NSX from the commencement of business Monday, 7 May
- Consideration record date of the ordinary scheme on which ordinary shareholders must be recorded in the register in order to be eligible to receive the ordinary scheme consideration Friday, 11 May
- Operative date of the ordinary scheme, from the commencement of business Monday, 14 May
- Termination of Edcon's listing on the JSE and NSX from the commencement of business Friday, 25 May
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Edcon -- update on preference share scheme
Preference shareholders were referred to the announcement by the Competition Tribunal on Wednesday, 25 April 2007 that it had unconditionally approved the offer by Newco. Newco and Edcon were working toward finalising the remainder of the conditions precedent and, based upon the expected timing, anticipated the operative date for the preference scheme to be on Monday, 14 May 2007.
A further announcement with the final important dates and times will be released on SENS and published in the press as soon as they are determined having regard to the dates of fulfilment of the conditions precedent.
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