| Thu 6 Dec 2007, 12:15 | | CAE - Cape Empowerment Trust Limited - Notice to BLRT investments limited |
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CAE
CAE
CAE - Cape Empowerment Trust Limited - Notice to BLRT investments limited
shareholders further extension of closing date of offer for the acquisiton of
the entire issued share capital of BLRT
CAPE EMPOWERMENT TRUST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/014606/06)
JSE Code CAE
ISIN ZAE000016952
("Cape Empowerment Trust" and "the company")
NOTICE TO BLRT INVESTMENTS LIMITED SHAREHOLDERS
FURTHER EXTENSION OF CLOSING DATE OF OFFER FOR THE ACQUISITON OF THE ENTIRE
ISSUED SHARE CAPITAL OF BLRT
1. Introduction
Shareholders of BLRT Investments Limited ("BLRT") are advised that the offer
made in terms of the Circular issued by Cape Empowerment Trust Limited ("Cape
Empowerment Trust"), a company listed on the JSE Limited, to the shareholders of
BLRT ("the Offer"), dated 20 July 2007, has been extended further and shall now
close at 16h30 on 28 February 2008.
The purpose of this announcement, which is required in terms of the Securities
Regulation Code, is to advise shareholders of the further extension of the
closing date of the Offer. The Offer was previously extended to 8 December 2008
in order for Cape Empowerment Trust to provide certain BLRT shareholders, who
have not been located and whose shares are to be held by the BLRT Trust, with a
copy of the Offer Circular and sufficient time to consider the Offer. The
registration process for the BLRT Trust has however not yet been completed and
accordingly BLRT shareholders who may be beneficiaries thereunder have not yet
had the opportunity to receive and consider the Offer.
2. Terms of the Offer
Subject to the conditions precedent in paragraph 3 below, Cape Empowerment Trust
has offered to acquire all or part of the shares in BLRT for a consideration of
7 ordinary shares in the issued share capital of Cape Empowerment Trust for
every 2 BLRT shares held, by way of a general offer in terms of section 440A of
the Companies Act (Act 61 of 1973) as amended. There is no alternative cash
offer and there is no condition as to a minimum level of acceptances.
All BLRT shareholders shall be treated equally and receive equal consideration
in respect of all BLRT shares to which the Offer is accepted.
3. Conditions precedent
The Offer shall be subject to the receipt of all necessary regulatory approvals
and compliance with all the necessary regulatory requirements for the
implementation of the Offer, including approvals from the JSE Limited and the
Securities Regulation Panel.
Opinion of BLRT board
The BLRT board has formed its views and made a recommendation on the Offer in
the form and manner required by the Securities Regulation Panel. The BLRT board
accepts responsibility for all opinions relating to the Offer that will be
communicated to the BLRT shareholders.
Shareholders are advised that the documents made available for inspection in
terms of the Offer shall be available for said inspection until 16h30 on 28
February 2008.
Cape Town
6 December 2007
Corporate Advisor and Sponsor
Sasfin Capital
(a division of Sasfin Bank Ltd)
Legal Advisor
Hofmeyr Herbstein Gihwala Inc.
Date: 06/12/2007 12:15:01 Produced by the JSE SENS Department.
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