| Tue 21 Oct 2008, 9:13 | | REM - Remgro Limited - Finalisation Announcement In Respect Of The Proposed |
|
REM
REM
REM - Remgro Limited - Finalisation Announcement In Respect Of The Proposed
Distribution Of Ordinary Shares In British American Tobacco Plc And Depositary
Receipts In Respect Of Ordinary Shares In Reinet Investments S.C.A. To Remgro
Shareholders
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(Share code: REM)
("Remgro" or "the Company")
FINALISATION ANNOUNCEMENT IN RESPECT OF THE PROPOSED DISTRIBUTION OF ORDINARY
SHARES IN BRITISH AMERICAN TOBACCO PLC AND DEPOSITARY RECEIPTS IN RESPECT OF
ORDINARY SHARES IN REINET INVESTMENTS S.C.A. TO REMGRO SHAREHOLDERS
Further to the announcement released on SENS on Friday 8 August 2008 in respect
of the proposed distribution of ordinary shares in British American Tobacco plc
and depositary receipts in respect of ordinary shares in Reinet Investments
S.C.A. ("Reinet") to Remgro shareholders ("the Remgro distribution"),
shareholders are reminded of the following salient dates and times which remain
unchanged from those set out in the circular:
2008
British American Tobacco plc ("BAT") Monday 20 October
pre-listing statement available on or
about
Listing date for the Reinet depositary Tuesday 21 October
receipts on the JSE on
Last day to trade in Remgro shares on Monday 27 October
the JSE to participate in the Remgro
distribution on
Expected listing of BAT on the JSE on Tuesday 28 October
Remgro shares trade "ex" the Tuesday 28 October
entitlement to the Remgro distribution
on
Remgro distribution record date on Monday 3 November
Assuming that the BAT ordinary shares are registered in the
name of Remgro on Monday 3 November 2008, the following dates
will apply:
Dematerialised Remgro shareholders will Tuesday 4 November
have their accounts with their broker
or CSDP credited with their
proportional share of the distributed
shares on or about
Subject to note 5 below, share Tuesday 4 November
certificates in respect of certificated
Remgro shareholders` proportional
shares of the distributed shares will
be posted, by registered post, at the
risk of the certificated Remgro
shareholders concerned, to certificated
Remgro shareholders on or about
Reinet intends undertaking a rights offer during the period
from Monday 10 November 2008 to Friday 5 December 2008, the
salient features of which are described in the Reinet
prospectus together with the Supplementary Pre-listing
Information Document issued on Friday 10 October 2008, and in
the Reinet Rights Offering Prospectus to be posted to Reinet
shareholders and Reinet depositary receipt holders on or about
7 November 2008.
Notes:
Dematerialised Remgro shareholders will be able to trade the BAT ordinary shares
and Reinet depositary receipts, which they will receive pursuant to the Remgro
distribution from Tuesday 28 October 2008, being five days before it is
anticipated that these shares will reflect in the accounts of dematerialised
Remgro shareholders. However, as the settlement process is dependent on a number
of steps, it is advisable to exercise caution when trading the BAT ordinary
shares and Reinet depositary receipts which shareholders will receive pursuant
to the Remgro distribution.
All times shown above are South African local times.
These dates and times are subject to change. Any material change will be
released on SENS and published in the South African press.
No dematerialisation or rematerialisation of Remgro share certificates may take
place after the last day to trade in Remgro shares in order to participate in
the Remgro distribution.
Unless otherwise instructed, the transfer secretaries, Computershare Investor
Services (Proprietary) Limited, will withhold the certificates in respect of BAT
ordinary shares received pursuant to the Remgro distribution until after the
Reinet rights offer in order to facilitate the subscription by certificated
Reinet depositary receipt holders of new Reinet depositary receipts in terms of
the Reinet rights offer.
21 October 2008
Stellenbosch
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Attorneys
Cliffe Dekker Hofmeyr Inc
Date: 21/10/2008 09:13:57 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.
