| Mon 4 Aug 2008, 16:24 | | VIL - Village Main Reef Gold Mining Company - Salient dates and times in |
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VIL
VIL
VIL - Village Main Reef Gold Mining Company - Salient dates and times in
respect of the offer by To The Point to Village shareholders
Village Main Reef Gold Mining Company (1934) Limited
("Village")
(Incorporated in the Republic of South Africa)
(Registration Number 1934/005703/06)
JSE Code VIL ISIN: ZAE000007720
To The Point Growth Specialists Investments 2 (Proprietary) Limited
("To The Point Growth Specialist Investment 2")
(Registration Number. 2007/025362/07)
SALIENT DATES AND TIMES IN RESPECT OF THE OFFER BY TO THE POINT TO VILLAGE
SHAREHOLDERS
1. Introduction
Village minority shareholders are referred to To The Point Growth Specialists
Investments 2`s announcement released on SENS on Friday, 11 July 2008, wherein
it was announced that To The Point Growth Specialists Investments 2 had
acquired 2 292 663 Village shares from Harmony Gold Mining Company Limited
("Harmony"), at a purchase price of 46.0215 cents per Village share, which
equates to 37.8% of the issued share capital of Village. To The Point Growth
Specialists Investments 2 had previously acquired 10% of the issued share
capital of Village from longstanding shareholder David Cobbett at 100 cents
per share. On Tuesday, 15 July 2008, it was further announced that To The
Point Growth Specialists Investments 2 had stated its firm intention to make a
mandatory cash offer to Village shareholders, other than To The Point Growth
Specialists Investments 2 (`minority shareholders`), to acquire their Village
shares at a price of 100 cents per Village share.
The acquisition of offer shares from the minority shareholders is to be
implemented in terms of the Companies Act, 1973 (Act 61 of 1973) ("the Act")
and the Securities Regulations Panel ("SRP") Code. Shareholders are advised
that should To The Point Growth Specialists Investments 2 acquire nine-tenths
of the offer shares, which it does not already own, under the offer, it does
not intend invoking the provisions of S440K to acquire the Offer shares of
those Village minority shareholders who do not accept the offer.
This announcement contains the salient dates and times in relation to the
offer.
2. Salient dates and times
The Offer 2008
Circular posted to Village minority Monday, 04
shareholders August
Offer opens at 09:00 on Monday, 04
August
Last day to trade in Village shares on Tuesday, 19
the JSE in order to be eligible to August
participate in the offer
Village shares trade "ex" the offer Wednesday, 20
August
Record date to participate in the offer Tuesday, 26
August
Closing date of the offer at 12:00 on Tuesday, 26
August
Results of the offer released on SENS Wednesday, 27
August
Results of the offer published in the Thursday, 28
South African press August
Payment date on Wednesday, 27
August
Notes:
1. The above dates and times are subject to amendment at the discretion
of To The Point Growth Specialists Investments 2 and/or Village. Any such
amendment will be released on SENS and published in the South African
press.
2. All times indicated above are South African times.
3. Circular
A circular, which has been approved by the SRP and the JSE, providing full
information on the offer and incorporating a form of acceptance, surrender and
transfer will be posted to Village shareholders today, Monday, 4 August 2008.
The circular is available in English only and additional copies may be
obtained from the registered offices of To The Point Growth Specialists
Investments 2.
Johannesburg
4 August 2008
Investment Bank to To The Point Sponsor to Village
Growth Specialists Investments 2
Investec Bank Merrill Lynch
Legal Advisor to To The Point
Growth Specialists Investment 2
Read Hope Phillips
Date: 04/08/2008 16:24:05 Produced by the JSE SENS Department.
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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.
