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Mettle - exercise by dissenting shareholder
Shareholders are referred to the circular issued to Shareholders on 19 October 2020 (the “Circular”) and the announcement released on the Stock Exchange News Service (“SENS”) by Mettle on 14 December 2020 (the “14 December SENS Announcement”).
Capitalised words and phrases in this announcement shall, unless the context indicates otherwise, bear the same meanings ascribed thereto in the Circular and the 14 December SENS Announcement.
Exercise by Dissenting Shareholder of Appraisal Rights
Subsequent to the 14 December SENS Announcement, the Company and the remaining Dissenting Shareholder entered into an agreement pursuant to which the Dissenting Shareholder accepted the offer made by the Company in terms of section 164(11) of the Companies Act, and tendered their Mettle Shares to the Company.
Accordingly, the Company has repurchased an additional 69 753 Mettle Shares from the following Dissenting Shareholder, at a price of R2.50 per Dissenting Shareholder Share.
The Company has applied to the JSE for the delisting of the Dissenting Shareholder Shares with effect from the commencement of trading on or about Wednesday, 23 December 2020, whereafter the Dissenting Shareholders’ Shares will be cancelled.
Responsibility Statement
The Board accepts responsibility for the information contained in this announcement as it pertains to Mettle. To the best of the Board's knowledge and belief, the information contained in this announcement as it pertains to Mettle is true and nothing has been omitted which is likely to affect the importance of such information.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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