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BAU/RBX - Joint Announcement of the Results of the Offer and Section 122 Notification
Bauba Resources Limited Raubex Group Limited
Incorporated in the Republic of South Africa (Incorporated in the Republic of South Africa)
(Registration number: 1986/004649/06) (Registration number: 2006/023666/06)
Share code: BAU ISIN: ZAE000145686 Share code: RBX ISIN: ZAE000093183
("Bauba") ("RBX")
JOINT ANNOUNCEMENT OF THE RESULTS OF THE OFFER AND SECTION 122
NOTIFICATION
Unless expressly defined in this announcement, or the context indicates otherwise, capitalised terms
herein have the meanings given to them in the combined offer and delisting circular distributed to
Shareholders on Wednesday, 6 July 2022 ("Circular").
1. Introduction
Shareholders are referred to the:
i. joint Firm Intention Announcement released on SENS on Tuesday, 21 June 2022 wherein
they were advised of RBX's firm intention (through its subsidiary, Raubex Proprietary
Limited ("Raubex")) to make a general offer to acquire all the remaining Shares it does not
already own, for a cash consideration of R0.42 per Share; and the Delisting of the Shares
from the JSE if the Delisting Resolution is approved by Eligible Shareholders, or, if the
Delisting Resolution is not approved, in terms of paragraph 1.17(a) of the Listings
Requirements should Raubex be able to invoke the provisions of section 124 of the
Companies Act;
ii. joint announcement regarding the posting of the Circular and Notice of General Meeting
released on SENS on Wednesday, 6 July 2022;
iii. joint results of General Meeting announcement released on SENS on
Thursday, 4 August 2022; and
iv. joint finalisation announcement released on SENS on Friday, 5 August 2022.
2. Results of the Offer
Shareholders are hereby advised that the Offer, which closed at 12:00 on Friday, 19 August 2022,
was accepted in respect of 99,637,746 Shares (in aggregate), constituting 13.29% of the total
Issued Share Capital.
3. Implementation of the Delisting
Shareholders are reminded that the listing of the Shares on the JSE will terminate with effect from
the commencement of trade tomorrow, Tuesday, 23 August 2022.
4. Section 122 Notification
In compliance with section 122(3)(b) of the Companies Act and section 3.83(b) of the Listings
Requirements, Shareholders are advised that Bauba has received notification in terms of
section 122(1) of the Companies Act, that Raubex has acquired a beneficial interest in the
securities of Bauba pursuant to the closure of the Offer, such that their total beneficial interest now
amounts to 74.97% of the total Issued Share Capital.
As required in terms of section 122(3)(a) of the Companies Act, Bauba will file the required notices
with the TRP.
5. Raubex Responsibility Statement
The Raubex Board accepts responsibility for the information contained in this announcement
insofar as it relates to Raubex. To the best of its knowledge and belief, such information contained
herein is true and nothing has been omitted which is likely to affect the importance of such
information.
6. Board and Independent Board Responsibility Statement
The Board and the Independent Board accepts responsibility for the information contained in this
announcement insofar as it relates to Bauba. To the best of its knowledge and belief, such
information contained herein is true and nothing has been omitted which is likely to affect the
importance of such information.
Johannesburg
22 August 2022
Sponsor to Bauba Legal advisor to Bauba
Merchantec Capital Webber Wentzel
Financial advisor and sponsor to Raubex Legal advisor to Raubex
Investec DLA Piper
Date: 22-08-2022 09:30:00
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