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ABK
ABK
ABK - African Brick Centre Limited - Finalisation announcement
AFRICAN BRICK CENTRE LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1999/006214/06)
(Share Code: ABK)
(ISIN: ZAE000105169)
("African Brick" or "the Company")
Finalisation announcement
Shareholders are referred to the announcement published on the Securities
Exchange News Service of the JSE Limited ("JSE") on 6 December 2011
regarding the approval at the shareholders` meeting, by the requisite
majority of shareholders present and voting in person or by proxy, of the
scheme of arrangement proposed by the board of African Brick between
African Brick and its shareholders ("the Scheme").
Shareholders are hereby advised that all conditions precedent to the
Scheme, as detailed in the circular issued to African Brick shareholders on
8 November 2011 have been fulfilled and accordingly the Scheme is now
unconditional.
In terms of the Scheme, each African Brick shareholder is entitled to
receive a cash consideration of 4.6 cents for every African Brick share
held.
The salient dates and times relating to the implementation of the Scheme
are as follows:
2011
Last day to trade in African Brick shares Thursday, 29 December
Suspension of listing on the JSE of African Brick Friday, 30 December
shares at commencement of trading on
2012
Scheme consideration record date, being the date on Friday, 6 January
which scheme participants must be recorded in the
register to receive the scheme consideration, by
close of trading on
The operative date of the Scheme on Monday, 9 January
Scheme consideration to be paid/posted to Monday, 9 January
certificated scheme participants (if documents of
title are received on or prior to 12:00 on the
scheme consideration record date) on or about
Dematerialised scheme participants to have their Monday, 9 January
accounts held at their CSDP or broker updated on
Termination of listing of African Brick shares at Tuesday, 10 January
the commencement of trading on
Notes:
a) All times given in this document are local times in South Africa.
b) No dematerialisation or rematerialisation of shares may take place
from the business day following the scheme participants` last day to
trade.
20 December 2011
Corporate Advisor and Designated Advisor
Grindrod Bank Limited
Date: 20/12/2011 09:52:07 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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