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FWD
FWD
FWD - Freeworld Coatings Limited - Updated dates and times announcement by
Freeworld and Kansai regarding the delisting of Freeworld shares
Freeworld Coatings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/021624/06)
Share code: FWD
ISIN: ZAE000109450
("Freeworld")
Kansai Paint Co., Ltd.
(Incorporated in Japan)
(Registration number 1402-01-001093)
TSE share code: 4613
("Kansai")
UPDATED DATES AND TIMES ANNOUNCEMENT BY FREEWORLD AND KANSAI REGARDING THE
DELISTING OF FREEWORLD SHARES
1. Introduction
Freeworld shareholders ("Shareholders") are referred to the circular dated 25
October 2011 ("Circular") regarding the delisting ("Delisting") of Freeworld
ordinary shares ("Freeworld Shares") from the exchange operated by the JSE
Limited ("JSE") and a scheme of arrangement ("Scheme") in terms of which, if
implemented, Kansai will acquire all the issued shares of Freeworld not already
owned by Kansai, save for Freeworld Shares in respect of which a Retained
Investment Election is made.
Definitions on pages 8 to 12 of the Circular are used in this announcement.
Copies of the Circular can be found at http://www.freeworldcoatings.com/ and
http://ww.kansai.co.jp/global_site/index.html.
As announced previously, all Conditions Precedent to the Scheme and the
Delisting were fulfilled by 7 December 2011 and accordingly the Scheme is
currently operative.
2. Updated important dates and times
On 14 December 2011 the South African government announced that 27 December 2011
will be an additional public holiday in South Africa. This has necessitated
Freeworld and Kansai to update the following important dates and times set out
in the Circular as follows:
Expected Operative Date of the Scheme and Wednesday, 28 December 2011
expected date of payment of the Scheme
Consideration to be transferred electronically
or posted to certificated Scheme Consideration
Recipients (if Form of Election (blue) and
Documents of Title are received by the Transfer
Secretaries on or before 12:00 on the Scheme
Consideration Record Date) on
Expected termination of listing of Freeworld Thursday, 29 December 2011
Shares on the Exchange at the commencement of
trade on or about
Other than the abovementioned changes there are no changes to the important
dates and times set out in the Circular.
Paulshof
15 December 2011
Enquiries:
Newman Lowther & Associates
Ben Lowther, +27 (0)21 673 7000
Freeworld
Eleanor Chamberlain, +27 (0)11 549 8009
Financial advisors to Freeworld and Kansai
Newman Lowther & Associates (Pty) Ltd
Attorneys to Freeworld and Kansai
Bowman Gilfillan Inc.
Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 15/12/2011 16:51:01 Produced by the JSE SENS Department.
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