| Wed 20 Jun 2007, 8:43 | | SRP - Securities Regulation Panel - Announcement |
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JSE
GEN
SRP - Securities Regulation Panel - Announcement
SECURITIES REGULATION PANEL
("the SRP")
Proposed offer by a consortium of investors led by the Mineworkers Investment
Company (Proprietary) Limited, the Isaac Kirsh Family Trust No. 2, the William
Kirsh Family Trust and, if applicable, their respective family entities
(collectively "the Consortium") to acquire the entire issued ordinary and N
ordinary share capital of Primedia Limited ("Primedia"):
Hearing before the Executive Committee of the SRP
1. Further to the announcement dated 5 June 2007, ordinary and N ordinary
shareholders of Primedia and parties interested in the proposed offer by the
Consortium to acquire the entire issued ordinary and N ordinary share capital
of Primedia are advised that the SRP has received submissions in response to
the 5 June 2007 announcement.
In order to give proper consideration to all aspects of the proposed offer, and
to the Securities Regulation Code and the Rules ("the Rules") which may be
applicable thereto, and mindful of the requirements of the Promotion of
Administrative Justice Act, 3 of 2000 in regard to the procedures to be
adopted, the Executive Director has determined that interested parties will be
given an opportunity to make written and oral submissions to the Executive
Committee in regard to the proposed offer and the Rules that may find
application in respect thereof. Having reviewed the detailed cautionary
announcement published on 7 February 2007, but without having formed any views
thereon, it appears to the Executive Director that the applicability of, inter
alia, Rule 11.1 may require consideration. Interested parties will be given an
opportunity to make oral and written submissions on all aspects of the proposed
offer which they regard as relevant and necessary to the Executive Committee.
2. The Executive Director has decided to follow the timetable set out below
in relation to the proposed offer:
2007
Pertinent documents and submissions to lie
open for inspection at the SRP`s offices Wednesday, 20 June
All written supplementary submissions to be
delivered to the SRP Wednesday, 27 June
The Consortium and Primedia to
deliver written response to submissions to the SRP Friday, 29 June
Hearing before the Executive Committee of the SRP
of parties who have made submissions Monday, 2 July
Notification of decision of Executive Committee Tuesday, 3 July
You are hereby invited, if you should wish to do so, to make submission to the
SRP in accordance with the above timetable.
Johannesburg
20 June 2007
Securities Regulation Panel
2 Sherborne Road, Parktown, 2193 ? P.O. Box 91833, Auckland Park, 2006
Tel: (011) 482 5630 ? Fax: (011) 482 5635 ? e-mail: srp@iafrica.com
Date: 20/06/2007 08:43:46 Produced by the JSE SENS Department.
