| Mon 8 Oct 2007, 17:51 | | BDM - Buildmax Limited - Salient dates and times o |
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BDM
BDM
BDM - Buildmax Limited - Salient dates and times of mandatory offer and renewal
of cautionary
Buildmax Limited
(Registration No. 1995/012209/06)
Share Code: BDM ISIN Code: ZAE000011250
("Buildmax")
SALIENT DATES AND TIMES OF MANDATORY OFFER AND RENEWAL OF CAUTIONARY
Shareholders are referred to the announcement dated 6 August 2007 relating to a
change in control of Buildmax and a resulting mandatory offer to Buildmax
shareholders to acquire their shares at a price of 145 cents per share ("the
offer").
Shareholders are advised that an offer circular was posted to shareholders on
Friday, 5 October 2007, and accordingly the offer is now open. As detailed in
the previous announcement the offer is conditional upon the disposal by SMG
Holdings Limited ("SMG")of 28 373 910 of its shares in Buildmax being approved
by SMG shareholders, which it is anticipated will be fulfilled on Tuesday, 23
October 2007.
The salient dates of the offer are set out below1:
2007
Opening date of the offer (09h00) Friday, 5 October
Announcement as to unconditionality of Wednesday, 24 October
offer to be released on SENS
Last day to trade Friday, 2 November
Shares trade "ex" the offer Monday, 5 November
Record date/closing date of the offer2 Friday, 9 November
(12h00)
Results of offer to be announced on SENS Monday, 12 November
CSDP or broker accounts to be updated and Monday, 12 November
credited on
Cheques to be posted to certificated Monday, 12 November
shareholders who have accepted the offer
and submitted their documents of title
before the closing date2
Notes:
1 The above dates and times are subject to change. Any changes will be
released on SENS and published in the press.
2 Shareholders may not dematerialise or rematerialise their shares between
the business day after the last day to trade and the record date, both days
inclusive.
3 Dematerialised shareholders are required to notify their CSDP or broker of
the acceptance of the offer by the cutoff time stipulated by their CSDP or
broker in terms of their agreement with the CSDP or broker.
Further to the cautionary announcements first released on SENS on 28 March 2007
and last on 26 September 2007, shareholders are advised that the discussions
referred to therein are continuing. Accordingly, shareholders are advised to
continue to exercise caution when dealing in the company`s securities until a
further announcement is made.
Johannesburg
8 October 2007
Corporate and legal advisors
Java Capital (Proprietary) Limited
Independent advisor and sponsor
Sasfin Capital
a division of Sasfin Bank Limited
Date: 08/10/2007 17:51:55 Produced by the JSE SENS Department.
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