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MKL
MKL
MKL - Makalani - Fulfilment of conditions precedent
MAKALANI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2005/000726/06
Share code: MKL
ISIN: ZAE000066700
("Makalani" or "the Company")
FULFILMENT OF CONDITIONS PRECEDENT
Makalani linked unitholders ("Unitholders") are advised that the special
resolutions relating to the specific offer to Unitholders and subsequent
delisting ("the transaction"), as detailed in the circular that was despatched
to Unitholders on 9 April 2010, have been registered by the Companies and
Intellectual Property Registration Office. Accordingly, all suspensive
conditions to the transaction have now been fulfilled.
Unitholders are reminded of the following salient dates and times relating to
the transaction.
2010
Last date to trade in order to participate in the Friday 21 May
specific offer is
Makalani linked units suspended from trading on Monday 24 May
the JSE Limited on
Form headed "Form of election (acceptance and non
acceptance) and surrender" (to be completed by
certificated Unitholders only) and documents of
title to be received by the transfer secretaries
by no later than 12:00 on the record date
Record date for the specific offer on Friday 28 May
Specific offer closes at 12:00 (midday) on Friday 28 May
Results of specific offer released on SENS on Monday 31 May
Dematerialised Unitholders will have their Monday 31 May
accounts credited with the cash consideration on
Certificated Unitholders will have the cash Monday 31 May
consideration posted to them on
Results of the specific offer published in the Tuesday 1 June
South African press on
Makalani linked units delisted from the JSE at Tuesday 1 June
commencement of trade on
Notes:
1) All times shown are South African local times.
2) Makalani linked units may not be dematerialised after Friday 21 May 2010.
3) Dematerialised Unitholders are required to notify their duly appointed
CSDP/broker of their acceptance or non acceptance of the offer, in the
manner and time stipulated in the custody agreement governing the
relationship between the Unitholder and his/her CSDP/broker. Unitholders
are reminded that the default position if they do not take action will be
acceptance of the offer in respect of 100% of their Makalani units.
4) Certificated Unitholders are required to complete and return the form of
election and surrender to the transfer secretaries in accordance with the
instructions contained therein. Unitholders are reminded that the default
position if they do not take action will be acceptance of the offer in
respect of 100% of their Makalani units.
Illovo
13 May 2010
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal advisor
Edward Nathan Sonnenbergs Inc
Independent sponsor
Deloitte and Touche Sponsor Services (Proprietary) Limited
Date: 13/05/2010 16:36:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
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