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Thabex -- update on listing on the JSE
Shareholders are referred to the SENS announcement of 7 June 2013 relating decision of the JSE to terminate the company's listing on the JSE with effect from 24 June 2013 and the subsequent appeal by Thabex. The board of Thabex considered the effects of uncertainties pertaining to the time frames regarding the granting of the Accepted Mining Right to Monastery Mine (Pty) Ltd (Monastery Mine) and the Listings Requirements of the JSE. The company is required to prepare a circular to shareholders within 60 days from the date of the SENS announcement of 23 May 2013 referring to the conditional investment by Taurus Captiva plc to indirectly acquire up to 40% of Monastery Mine. Subsequently the board resolved on 19 June 2013 to withdraw Thabex’s appeal against the termination of its listing.
Shareholders are therefore advised that the company's listing will be terminated from the commencement of business on Tuesday, 9 July 2013 and that they will remain shareholders in an unlisted company. Accordingly, the last day to trade will be Friday, 28 June 2013 and the record date will be Friday, 5 July 2013. Shareholders are also referred to the SENS announcement dated 10 February 2010 relating to the approval of all ordinary and special resolutions at the company's Annual General Meeting held on the same day and are advised that from the date of termination of the company's listing on the JSE the share register of Thabex will updated by the Company Secretary to reflect the correct number of ordinary shares in issue, being 257 468 870 ordinary shares. All share certificates of certificated and dematerialised shareholders shall be replaced by the Company with new certificates reflecting the 10 for 1 share split. The ordinary share split of Thabex’s ordinary shares was reflected in the Annual Financial Statements for the years ended 28 February 2009, 28 February 2010 and 28 February 2011, respectively. The special resolution for the approved share split was registered with the Companies and Intellectual Property Commission on 23 April 2010. Shareholders may contact to following company directors and/or the Company Secretary should they require further information about the above matters.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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