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SUI
SUI
SUI - Sun International - Fulfillment Of The Remaining Conditions Precedent To
The Scheme And Finalisation Announcement
SUN INTERNATIONAL LIMITED
(Registration number 1967/007528/06)
Share code: SUI ISIN: ZAE000070678
("Sun International" or "the company")
SANCTIONING OF THE SCHEME OF ARRANGEMENT AND FINALISATION ANNOUNCEMENT
FULFILMENT OF THE REMAINING CONDITIONS PRECEDENT TO THE SCHEME
Further to the announcement published on the Securities Exchange News Service
("SENS") of the JSE Limited ("JSE") on Friday, 29 June 2007 and in the press on
Monday, 2 July 2007, Investec Bank Limited is authorised to announce that the
remaining conditions precedent to the scheme of arrangement ("the scheme")
proposed by Sun International and its wholly owned subsidiary, Sun International
Investments No. 2 Limited ("Sun International Investments No. 2") between Sun
International and its ordinary shareholders other than Dinokana Investments
(Proprietary) Limited ("Dinokana"), the Sun International Employee Share Trust,
Sun International Investments No. 2 and the participants of the Sun
International Deferred Bonus Plan 2005 (collectively "the excluded
shareholders") ("the scheme participants"), being the registration of the
special resolutions approving the acquisition of the Sun International ordinary
shares to be acquired in terms of the scheme by Sun International and Sun
International Investments No. 2 by the Registrar of Companies ("the
Registrar"), the sanction of the scheme by the High Court of South Africa
(Witwatersrand Local Division) and the registration of the order of court
sanctioning the scheme by the Registrar have now been fulfilled.
The basic characteristic of the scheme is that the scheme participants will, on
the scheme record date set out in paragraph 2 below, dispose of 16 Sun
International ordinary shares per 100 Sun International ordinary shares ("scheme
shares") held by each scheme participant to Sun International and Sun
International Investments No. 2 in return for the payment of R145,35 for each
scheme share disposed of ("the scheme consideration").
SALIENT DATES OF THE SCHEME
2007
Last day to trade in existing Sun Friday, 20 July
International ordinary shares on the JSE in
order to be recorded in the register of Sun
International or in the sub-registers of Sun
International administered by CSDPs to
participate in the scheme
Sun International ordinary shares will trade Monday, 23 July
under the new ISIN ZAE000097580 at
commencement of trade
Sun International ordinary shares will trade Monday, 23 July
"ex" the scheme
Record date of the scheme to determine Friday, 27 July
participation in the scheme
Operative date of the scheme from the Monday, 30 July
commencement of business
Scheme consideration transferred or posted Monday, 30 July
and new share certificates posted to
certificated scheme participants (if
documents of title are received on or prior
to 12:00 on the record date of the scheme)
or, failing that, within five business days Monday, 30 July
of receipt of the relevant documents of
title by the transfer secretaries
Dematerialised scheme participants will have
the scheme consideration credited to their
account held at their CSDP or broker
Notes
No dematerialisation or rematerialisation of existing Sun International ordinary
shares will take place after Friday, 20 July 2007. Dematerialisation and
rematerialisation of Sun International ordinary shares under the new ISIN
ZAE000097580 will re-commence after Monday,30 July 2007.
Sandton
11 July 2007
Investment Bank Sponsor Corporate law adviser
Investec Corporate Investec logo Edward Nathan
Finance logo Sonnenberg logo
Date: 11/07/2007 17:09:45 Produced by the JSE SENS Department.
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