BSB - Busby - Update On The Scheme Of Arrangement: Court Sanction
BSB
BSB
BSB - Busby - Update On The Scheme Of Arrangement: Court Sanction
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)
UPDATE ON THE SCHEME OF ARRANGEMENT: COURT SANCTION
Further to the announcement released on SENS on 27 March 2008 and in the press
on 28 March 2008, Busby shareholders are advised that the High Court of South
Africa (Witwatersrand Local Division) ("the Court") today sanctioned the scheme
of arrangement ("the scheme").
All of the remaining conditions precedent to the scheme have been fulfilled save
for:
- the approval of the transaction by the Competition Authorities. The
Competition Tribunal hearing to approve the merger is to be held on 2 April 2008
and it is anticipated that the approval of the implementation of the transaction
will be obtained from the Competition Tribunal on the same date or shortly
thereafter; and
- the registration of the notarially certified copy of the Order of Court
sanctioning the scheme with the Companies and Intellectual Property Registration
Office, which registration is anticipated to occur on 3 April 2008.
An announcement (which will also set out the salient dates for the
implementation of the scheme) will be published on SENS and in the press once
the remaining conditions precedent have been fulfilled.
Johannesburg
1 April 2008
Corporate advisor
and transaction sponsor to Busby
Java Capital (Proprietary) Limited
Attorneys and tax advisor to the proposer
Webber Wentzel (incorporating Mallinicks)
Attorneys to the scheme
Fluxmans Incorporated
Independent advisor
PKF Corporate Finance (Proprietary) Limited
Date: 01/04/2008 16:26:24 Produced by the JSE SENS Department.
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