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KNG
KNG
KNG - Kingco - Proposed Scheme Of Arrangement : Results Of Scheme Meeting
KING CONSOLIDATED HOLDINGS LTD
(Incorporated in the Republic of South Africa)
(Registration number 1992/006472/06)
Share code: KNG ISIN: ZAE000073458
("Kingco" or "the company")
Pocot Trust
(Registered in the Republic of South Africa)
(Registration number TM 3375)
("Pocot Trust")
PROPOSED SCHEME OF ARRANGEMENT : RESULTS OF SCHEME MEETING
1. RESULTS OF SCHEME MEETING
The board of directors of Kingco wishes to advise shareholders that:
- the scheme of arrangement ("the scheme") proposed by Pocot Trust to the
shareholders of the company (other than Pocot Trust) has been sanctioned by the
South Gauteng High Court (Johannesburg) and the Order of Court registered by
the Registrar of Companies in Pretoria; and
- the scheme constituting Kingco as wholly owned by Pocot Trust is therefore
unconditional.
2. LISTING ON THE JSE LIMITED ("THE JSE")
Shareholders are reminded that the operative date of the scheme is Monday, 26
October 2009 and the listing of Kingco on the JSE will terminate from the
commencement of trading on Tuesday, 27 October 2009.
3. SURRENDER OF SHARE CERTIFICATES
3.1 Certificated shareholders in Kingco who have not already done so are
requested to surrender their existing share certificates in accordance with the
instructions set out below in order to receive the scheme consideration of 40
cents per scheme share.
3.2 A surrender circular will be despatched to all certificated shareholders
today. The form of surrender must be completed by all certificated shareholders
and returned, together with relevant share certificate/s and/or other
document/s of title, to Computershare Investor Services (Proprietary) Limited,
Exchanges Department, Ground Floor, 70 Marshall Street, Johannesburg, 2001 (PO
Box 61763, Marshalltown, 2107). The transfer secretaries will, within five
business days of the receipt of the duly signed form of surrender and the share
certificate/s which must accompany it, send a cheque in respect of the scheme
consideration to which a certificated shareholder is entitled in terms of the
scheme, at their risk, by registered mail to the address of the shareholder
concerned as shown in the company`s register of shareholders, or to any other
address as instructed in writing. This does not apply to dematerialised
shareholders who will have their scheme consideration automatically credited to
their account maintained by their CSDP or broker.
By order of the board
Randburg
9 October 2009
Sponsor
ARCAY MOELA SPONSORS
Independent professional advisor
CHARLES ORBACH & COMPANY
Corporate Finance (Proprietary) Limited
Attorneys
FLUXMANS ATTORNEYS
Date: 09/10/2009 09:28:01 Produced by the JSE SENS Department.
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