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GMB
GMB
GMB - Glenrand M I B Limited - Results of court hearing to sanction the scheme
of arrangement
GLENRAND M I B LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share code GMB
ISIN: ZAE000078010
("Glenrand" or "the company")
AON SOUTH AFRICA (PROPRIETARY) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/004501/07)
("Aon")
RESULTS OF COURT HEARING TO SANCTION THE SCHEME OF ARRANGEMENT IN TERMS OF
SECTION 311 OF THE COMPANIES ACT, 61 OF 1973, AS AMENDED, AS PROPOSED BY AON
BETWEEN GLENRAND AND ITS ORDINARY SHAREHOLDERS ("THE SCHEME")
Further to the announcement released by Glenrand on SENS on 1 March 2011 and
published in the press on 2 March 2011, shareholders of Glenrand are hereby
advised that the scheme was sanctioned by the South Gauteng High Court,
Johannesburg on Tuesday, 15 March 2011. It is expected that a certified copy of
the Court Order sanctioning the scheme will be registered with the Companies and
Intellectual Property Registration Office, Pretoria, on or about Tuesday, 22
March 2011.
A further announcement or announcements relating to the fulfilment, or if
appropriate, waiver, of the remaining conditions pertaining to the
implementation of the scheme and, if applicable, updated important dates and
times for implementation of the scheme will be released on SENS and published in
the press in due course.
Randburg
15 March 2011
Corporate Advisor and Transactional Sponsor to Glenrand
Sasfin Capital
A division of Sasfin Bank Limited
Legal Advisor to Glenrand
Deneys Reitz Inc.
Independent Financial Advisor to the Glenrand Board
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Sponsor to Glenrand
Nedbank Capital
Corporate Advisor to Aon
Grindrod Bank Limited
Legal Advisor to Aon
Edward Nathan Sonnenbergs Inc.
Financial and Tax Due Diligence Advisor to Aon
Deloitte
Advisor to the Black Business Partner Shareholders of Glenrand
Standard Bank Group Limited
Date: 15/03/2011 12:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
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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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