MTA
MTA
MTA - Metair - Proposed waiver of mandatory offer by Coronation Capital Limited
and Royal Bafokeng Holdings (Pty) Ltd to Metair shareholders:
Ruling by Securities Regulation Panel
Metair Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1948/031013/06)
Share Code: MTA ISIN: ZAE000090692
("Metair" or "the Company")
Proposed waiver of mandatory offer by Coronation Capital Limited ("Corocap") and
Royal Bafokeng Holdings (Pty) Ltd ("RBH") to Metair shareholders: Ruling by
Securities Regulation Panel ("SRP")
Metair shareholders are referred to an announcement released on SENS on 5 June
2007 and published in the press on 6 June 2007, inviting Metair shareholders to
provide written submissions to the Executive Director of the Securities
Regulation Panel ("SRP") by 13 June 2007, as to why the SRP should not consent
to waive the requirement that Corocap and RBH extend a mandatory offer to
minority Metair shareholders, as required in terms of the Securities Regulation
Code on Takeovers and Mergers, at a price of R10.55 per Metair ordinary share
subsequent to the conclusion of a re organisation of their shareholdings in
Metair.
The Executive Director of the SRP has not received any submissions and,
consequently, the SRP has waived the requirement that Corocap and RBH extend a
mandatory offer to minority Metair shareholders.
By order of the Board
Parktown
15 June 2007
SPONSOR
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
ATTORNEYS
Hofmeyr
Date: 15/06/2007 13:14:38 Produced by the JSE SENS Department.
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