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JD Group - Scheme of Arrangement
JD Group shareholders are referred to the announcement published on SENS on 12 June 2015, regarding the results of the general meeting (“General Meeting”) in which the special resolution to approve the scheme of arrangement (“Scheme”) and the ordinary resolution to approve the delisting of the JD Group ordinary shares from the main board of the JSE (“Delisting”), were passed by the requisite majority of votes of JD Group Shareholders present in person or represented by proxy at the General Meeting.
JD Group Shareholders are advised that the Takeover Regulation Panel (“TRP”) has issued a compliance certificate in terms of section 121(b)(i) of the Companies Act, 2008 (Act No. 71 of 2008) (“Companies Act”). All conditions precedent to the Scheme have therefore been fulfilled and the Scheme is now unconditional. As no appraisal rights in terms of section 164 of the Companies Act were exercised by any JD Group Shareholder prior to or at the General Meeting the important dates and times in relation to the Scheme have been amended as detailed below:
Action 2015
- Application for the delisting of JD Group ordinary shares lodged with the JSE on or before Monday, 22 June
- Last day to trade in JD Group ordinary shares in order to be recorded in the Register on the record date (Scheme last day to trade) on Friday, 26 June
- Date of the suspension of the listing of the JD Group ordinary shares on the JSE on Monday, 29 June
- Scheme record date, being the date on which Remaining Shareholders must be recorded in the Register to receive the consideration in terms of the Scheme on Friday, 3 July
- Implementation date of the Scheme - payment of the consideration in terms of the Scheme and transfer of the shares held by Remaining Shareholders on Monday, 6 July
- Termination of the listing of JD Group ordinary shares at commencement of trade on the JSE on Tuesday, 7 July
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