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Blackstar - scheme unconditional date announcement
Capitalised terms used below and elsewhere in this announcement and that are not otherwise defined, bear the meaning ascribed to them in the circular distributed to Tiso Blackstar shareholders on 31 July 2020 (“Circular”). Shareholders are referred to the Circular and the announcement regarding the fulfilment of certain conditions precedent and the revised important dates and times relating to the Scheme, published on SENS on 10 November 2020. Tiso Blackstar is pleased to announce that all the Conditions, as detailed in the Circular, have been fulfilled, and accordingly the Scheme has become unconditional.
Accordingly, shareholders are advised that the Scheme will be implemented in accordance with the final important dates and times set out below: 2020
- Scheme Unconditional Date Friday, 20 November
- Scheme Effective Date on Friday, 20 November, after 15:00 GMT (17:00 SAST)
- Scheme Unconditional Date announcement to be published in the press on Monday, 23 November
- Scheme Consideration payment to Dematerialised Tiso Blackstar Shareholders who hold Exit Election Shares on Monday, 23 November
- Scheme Consideration payment to Certificated Tiso Blackstar Shareholders who hold Exit Election Shares to take place within 5 Business Days of the Scheme Effective Date Monday, 23 November
- Termination of listing of Shares on the JSE at commencement of trade on Tuesday, 24 November
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