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Vividend finalisation announcement
Linked unitholders of Vividend ("Linked Unitholders") are referred to:
- the announcement released on SENS on 2 July 2014 relating to the approval by Linked Unitholders of the indivisibly linked schemes of arrangement (the "Schemes") in terms of section 114 of the Companies Act 71 of 2008, as amended, proposed by the independent board of directors of Vividend between Vividend and the Linked Unitholders; and
- the announcement released on SENS on 4 July 2014 relating to the salient dates of the special distribution to Linked Unitholders of 4.04 cents per linked unit for the period 1 March 2014 to 31 March 2014 ("Special Distribution")("Special Distribution Announcement").
Notice is hereby given that the Schemes have become unconditional.
Salient dates relating to the Schemes
As detailed in the circular posted to Linked Unitholders dated 2 June 2014 ("Circular"), the salient dates relating to the final implementation of the Schemes are as follows:
- Scheme LDT on Friday, 25 July 2014
- Suspension of listing of Vividend Linked Units at the commencement of trade on the JSE on Monday, 28 July 2014
- Trading in the Scheme Linked Unit Consideration of Arrowhead commences Monday, 28 July 2014
- Scheme Consideration Record Date to be recorded in the Register in order to receive the Scheme Consideration on Friday, 1 August 2014
- Operative Date of the Schemes on Monday, 4 August 2014
- Settlement of the Scheme Consideration to take place on Monday, 4 August 2014
- Termination of listing of Vividend Linked Units on the JSE at the commencement of trade on Tuesday, 5 August 2014
Salient dates and times relating to the Special Distribution
As detailed in the Special Distribution Announcement, the Special Distribution was conditional upon the Schemes becoming unconditional and, accordingly, the Special Distribution is now unconditional.
The salient dates relating to the Special Distribution as set out in the Special Distribution Announcement are repeated below:
The Special Distribution will be payable to Linked Unitholders recorded in the register of the company on Friday, 25 July 2014. The last day to trade cum distribution will be Friday, 18 July 2014 and trading will commence ex distribution on Monday, 21 July 2014.
In respect of dematerialised Linked Unitholders, the distribution will be transferred to the Central Securities Depository Participant (CSDP) accounts or brokers' accounts on Monday, 28 July 2014. Certificated Linked Unitholder distribution payments will be posted on or about Monday, 28 July 2014.
No dematerialisation or rematerialisation of linked units may take place between Monday, 21 July 2014, and Friday, 25 July 2014, both days inclusive.
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