| Wed 26 Mar 2008, 17:52 | | SAL - Sallies - Confirmation of salient dates and times pertaining to the rights |
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SAL
SAL
SAL - Sallies - Confirmation of salient dates and times pertaining to the rights
offer of 151 483 358 unsubordinated unsecured convertible debentures
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
Share code: SAL ISIN: ZAE000022588
("Sallies" or "the company")
CONFIRMATION OF SALIENT DATES AND TIMES PERTAINING TO THE RIGHTS OFFER OF 151
483 358 UNSUBORDINATED UNSECURED CONVERTIBLE DEBENTURES
Following the SENS announcement on Wednesday, 26 March 2008, shareholders are
advised of the salient dates and times pertaining to the rights offer of 151 483
358 unsubordinated unsecured convertible debentures ("convertible debentures")
to raise approximately R75 million.
Salient dates and times
2008
Last day to trade in Sallies shares in order Friday, 4 April
to settle by the record date and to qualify to
participate in the rights offer (cum
entitlement) on
Listing of letters of allocation with JSE Code Monday, 7 April
SALN and ISIN ZAE000117313 commences at
commencement of trading on
Sallies shares commence trading ex-rights on Monday, 7 April
the JSE at commencement of trading on
Record date for participation in the rights Friday, 11 April
offer at the close of business on
Rights offer circular posted to shareholders Monday, 14 April
on
Rights offer opens at commencement of trading Monday, 14 April
on
Dematerialised shareholders will have their Monday, 14 April
accounts at their CSDP or stockbroker
automatically credited with their entitlement
on
Certificated shareholders on the register will Monday, 14 April
have their entitlement credited to an account
at Computershare Nominees (Pty) Limited on
The form of instruction in respect of a letter
of allocation will be posted to certificated Monday, 14 April
shareholders of Sallies recorded in the
register as such on the record date on
Last day to trade in letters of allocation on Wednesday, 30
the JSE on April
Listing of convertible debentures with the JSE Monday, 5 May
Code SALD and ISIN ZAE000117305 commences at
commencement of trading on
Rights offer closes at 12:00 - payments to be Monday, 9 May
made and form of instruction in respect of
letters of allocation lodged by certificated
shareholders by 12:00 (see Notes 1 and 5) on
Record date for letters of allocation on Friday, 9 May
Dematerialised shareholders` accounts will be
updated with entitlements and debited by their Monday, 12 May
CSDP or stockbroker and certificates posted to
certificated shareholders on
Results of rights offer released on SENS on Monday, 12 May
Results of rights offer published in the press Tuesday, 13 May
on
Notes:
1 Dematerialised shareholders are required to notify their duly appointed
CSDP or stockbroker of their acceptance of the offer in the manner and time
stipulated in the agreement governing the relationship between the
shareholder and his/her CSDP or stockbroker.
2 All times indicated are South African times unless otherwise stated.
3 Share certificates may not be dematerialised or rematerialised between 3
Monday, 7 April 2008 and Friday, 11 April 2008, both days inclusive.
4 Dematerialised shareholders will have their accounts at their CSDP or
stockbroker automatically credited with their Sallies convertible
debentures in respect of which the rights offer has been accepted and
certificated shareholders will have their Sallies Certificates in respect
of which the rights offer has been accepted posted to them at their own
risk, by registered post,
5 CSDPs effect payment in respect of dematerialised shareholders on a
delivery versus payment method.
Listing on the JSE
The JSE has granted listings for the letters of allocation and convertible
debentures as follows:
letters of allocation in respect of 151 483 358 convertible debentures will be
listed from the commencement of trade on Monday, 7 April 2008 to the close of
trade on Wednesday, 30 April 2008, both days inclusive; and
151 483 358 convertible debentures will be listed with effect from the
commencement of business on Monday, 5 May 2008.
Johannesburg
26 March 2008
Sponsor: Bridge Capital Advisors (Pty) Limited
Attorneys: Brink Cohen Le Roux
Reporting Accountants and Auditors: BDO Spencer Steward (JHB) Inc (Chartered
Accountants (SA)
Registered Accountants and Auditors
Date: 26/03/2008 17:52:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
