| Wed 19 Dec 2007, 15:55 | | BSB - Busby - Important dates and times and withdrawal of cautionary |
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BSB
BSB
BSB - Busby - Important dates and times and withdrawal of cautionary
THE HOUSE OF BUSBY LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1997/009173/06)
Share code: BSB ISIN number: ZAE000013637
("Busby" or "the company)
IMPORTANT DATES AND TIMES AND WITHDRAWAL OF CAUTIONARY
Shareholders are referred to the previous announcements in relation to the
scheme of arrangement in terms of section 311 of the Companies Act, Act No. 61
of 1973, proposed by Main Street 251(Proprietary) Limited, a company controlled
by Ethos Private Equity Fund V (the "proposer"), between Busby and its
shareholders (other than certain excluded shareholders) ("the scheme").
A circular relating to the scheme is to be issued today (Wednesday, 19 December
2007). The important dates and times for the scheme are as follows:
IMPORTANT DATES AND TIMES
Court grants application to convene the scheme Tuesday, 18 December 2007
meeting on
Last day to trade in Busby shares in order to be Tuesday, 8 January 2008
recorded in the register to vote at the scheme
meeting (see note 2 below) on
Voting record date to vote at the scheme meeting Tuesday, 15 January 2008
by close of trading on
Last day for receipt of proxies for the scheme Wednesday, 16 January 2008
meeting by 10h00 (see note 3 below) on
Scheme meeting to be held at 10h00 on Friday, 18 January 2008
Publication of results of scheme meeting on SENS Friday, 18 January 2008
on
Publication of results of scheme meeting in the Monday, 21 January 2008
press on
Receive approval from Competition Authorities Friday, 29 February 2008
(see note 5 below) on
Court hearing to sanction the scheme Tuesday, 11 March 2008
(hereinafter referred to as "the return date")
on
Results of scheme published on SENS on Tuesday, 11 March 2008
Register order with Registrar on Wednesday, 12 March 2008
Results of scheme published in the press on Wednesday, 12 March 2008
IF THE SCHEME IS SANCTIONED AND BECOMES EFFECTIVE
Final date Wednesday, 12 March 2008
Last day to trade in order to participate in the Thursday, 13 March 2008
scheme consideration (see note 6 below)
Suspension of listing of Busby shares at Friday, 14 March 2008
commencement of trading on
Scheme consideration record date, being the date Thursday, 20 March 2008
on which scheme participants must be recorded in
the register to receive the scheme
consideration, by close of trading on
Operative date of the scheme at the commencement Tuesday, 25 March 2008
of trading on
Scheme consideration posted to certificated Tuesday, 25 March 2008
scheme participants (if documents of title are
received on or prior to 12:00 on the scheme
consideration record date) on or about
Dematerialised scheme participants` accounts Tuesday, 25 March 2008
(held at their CSDP or broker) updated on
Termination of listing of Busby shares at the Wednesday, 26 March 2008
commencement of trading on
Notes:
1. All dates and times may be changed by mutual agreement between Busby and
the proposer and/or may be subject to certain regulatory approvals. Any
change will be published in the press and on SENS.
2. Affected Busby shareholders should note that as transactions in shares are
settled in the electronic settlement system used by Strate, settlement of
trades takes place five business days after such trade. Therefore persons
who acquire Busby shares after Tuesday, 8 January 2008 will not be eligible
to vote at the scheme meeting, but will, provided the scheme is approved
and they acquire the Busby shares prior to Thursday, 13 March 2008,
participate in the scheme consideration.
3. If a form of proxy is not received by the time and date shown above, it may
be handed to the chairman of the scheme meeting not later than 10 minutes
before the scheme meeting or adjourned scheme meeting is due to commence or
re-commence.
4. All times given in this circular are local times in South Africa.
5. To the extent that approval from the Competition Authorities is not
obtained on or before the return date and should the scheme be sanctioned,
an announcement will be made on SENS and in the press advising scheme
participants of the final date and the scheme consideration record date and
the expected operative date.
6. Busby share certificates may not be dematerialised after Thursday, 13 March
2008.
WITHDRAWAL OF CAUTIONARY
In light of this announcement, shareholders are no longer required to exercise
caution in their dealing in shares.
Transaction sponsor and corporate advisor to Busby
Java Capital (Proprietary) Limited
Sponsor
Investec Bank Limited
Attorneys and tax advisor to the proposer
Webber Wentzel Bowens
Independent advisor to Busby
PKF (Jhb) Inc.
Attorneys to the scheme
Fluxmans Inc.
Date: 19/12/2007 15:55:11 Produced by the JSE SENS Department.
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