|
MOB TRE TED2 MOBD
MOB TRE
TED2/MOBD - Trencor/Mobile - Automatic Conversion Of Trencor And Mobile
Convertible Debentures Into Ordinary Shares
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration no 1955/002869/06)
Share Codes: ISIN:
TED2 ZAE000007282
("Trencor")
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration no 1968/014997/06)
Share Codes: ISIN:
MOBD ZAE000004610
("Mobile")
AUTOMATIC CONVERSION OF TRENCOR AND MOBILE CONVERTIBLE DEBENTURES INTO
ORDINARY SHARES
Trencor and/or Mobile debenture holders ("debenture holders") are referred to
the reviewed results for the year ended 31 December 2006 announced on SENS on
22 February 2007 informing them, inter alia, of the automatic conversion of
the Trencor and Mobile debentures.
The debenture Trust Deeds governing the Trencor and Mobile debentures
("debentures") provide for an automatic and compulsory conversion of the
debentures into ordinary shares on the last Friday of the fifth month
following the financial year in respect of which the total dividend declared
in cents per share is equal to or exceeds a specified level, namely 54,6 cents
in respect of Trencor and 4,5 cents in respect of Mobile.
In view of the fact that the total dividends declared in respect of the year
ended 31 December 2006 exceeded these specified levels, each Trencor debenture
will be converted into one Trencor ordinary share and each Mobile debenture
into three Mobile ordinary shares with effect from the close of business on
Friday, 25 May 2007 ("the automatic conversion").
A circular has been posted today, 10 April 2007, providing details of the
automatic conversion and incorporating a form of surrender for use be
certificated debenture holders.
The salient dates regarding the automatic conversion are as follows:
2007
Circular posted to debenture holders on Tuesday, 10 April
Last date to trade in the debentures on Friday, 18 May
Suspension of the debentures on the JSE trading Monday, 21 May
system at commencement of trade on
Debenture holders may trade their ordinary share Monday, 21 May
entitlements from commencement of trade on
Record date for the automatic conversion of Friday, 25 May
debentures into ordinary shares on
Dematerialised debenture holders will have their Monday, 28 May
CSDP or broker accounts updated on
Termination of the listing of the debentures at Monday, 28 May
commencement of trade on
Certificated debenture holders who have Monday, 28 May
surrendered their documents of title by 12:00 on
Friday, 25 May 2007 will have their converted
ordinary share certificates posted to them on or
about
Certificated debenture holders who have
surrendered their documents of title after 12:00
on Friday, 25 May 2007 will have their converted
ordinary share certificates posted to them within
5 business days of receipt thereof
Notes:
The above dates and times may be subject to amendment. Any such amendment will
be released on SENS and published in the press.
Debenture certificates may not be dematerialised or rematerialised after
Friday, 18 May 2007.
ON BEHALF OF THE BOARDS
NI JOWELL CHAIRMAN TRENCOR LIMITED
C JOWELL CHAIRMAN MOBILE INDUSTRIES LIMITED
Cape Town
10 April 2007
www.trencor.net
www.mobile-industries.net
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 10/04/2007 11:14:07 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
