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MTL
MTL
MTL - Mercantile - Finalisation Announcement
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/000164/06)
Share code: MTL ISIN: ZAE000064721
("Mercantile" or "the Company")
FINALISATION ANNOUNCEMENT
Mercantile ordinary shareholders are referred to the announcement published on
SENS on 23 April 2012 and in the press on 24 April 2012, 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 and delisting of
Mercantile ("the scheme"). Shareholders are hereby advised that all conditions
precedent to the scheme, as detailed in the circular issued to Mercantile
shareholders on 22 March 2012 have been fulfilled and accordingly the scheme is
now unconditional.
The salient dates and times relating to the implementation of the share scheme
are as follows:
Last day to trade Mercantile Ordinary Friday, 11 May 2012
Shares on the JSE in order to be recorded
in the Register to receive the Scheme
Consideration on
Suspension of listing of Mercantile Monday, 14 May 2012
ordinary shares at the commencement of
trade on the JSE on
Scheme Consideration Record Date to be Friday, 18 May 2012
recorded in the Register in order to
receive the Scheme Consideration on
Scheme Operative Date and on Monday, 21 May 2012
Payment or delivery of the Scheme Monday, 21 May 2012
Consideration on or about
Termination of listing of Mercantile Tuesday, 22 May
Ordinary Shares on the JSE at the 2012
commencement of trade on
No Mercantile share certificates may be dematerialised or rematerialised after
Friday, 11 May 2012.
Johannesburg
4 May 2012
Sponsor and Transaction Advisor: Bridge Capital Advisors (Pty) Limited
Reporting Accountant and Auditor: Deloitte & Touche
Legal Advisor: Eversheds
Independent expert: Rand Merchant Bank a division of Firstrand Bank Limited
Date: 04/05/2012 09:52:01 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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