| Fri 16 Jan 2009, 14:45 | | VTL - Venter Leisure And Commercial Trailers - Important Dates And |
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VTL
VTL
VTL - Venter Leisure And Commercial Trailers - Important Dates And
Times In Respect Of The Circular
VENTER LEISURE AND COMMERCIAL TRAILERS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER: 1985/070343/06)
SHARE CODE: VTL ISIN: ZAE000007811
("Ventel" or "the Company")
IMPORTANT DATES AND TIMES IN RESPECT OF THE CIRCULAR
INTRODUCTION
It was announced by Ventel on SENS on 27 October 2008 that it had
reached an agreement to dispose of the business of Rubax (Pty) Ltd
to Al-ko Trailco (Pty) Ltd for a consideration of R6 million plus an
amount equal to the value of stock as determined in terms of the
agreement.
It was further disclosed in the same announcement that the Board of
Ventel has received a letter of firm intention from Dunrose
Investments 143 (Pty) Ltd, subject to the fulfilment of the
conditions precedent, to purchase all of the shares in issue, other
than the ordinary shares currently held by it and its associates,
for a cash consideration of 30 cents per share and to subsequently
terminate the listing of the company on the JSE Limited.
Shareholders who do not accept the offer will remain shareholders of
an unlisted company.
Shareholders are referred to the following salient dates:
IMPORTANT DATES AND TIMES
2009
Circular and notice of general meeting Thursday, 15 January
posted on
Opening date of Offer at 09:00 on Thursday, 15 January
Form of proxy for the general meeting to Wednesday, 28 January
be lodged at Ventel`s registered office by
no later than 12:00 on
General meeting to be held at 10:00 on Friday,30 January
Results of the general meeting on SENS Friday, 30 January
Results of the general meeting to be Monday, 2 February
published in the press
Offer is expected to become unconditional Friday, 6 February
Last day to trade in Ventel Shares Friday, 13 February
Ventel shares suspended on the JSE trading Monday, 16 February
Record date for participating in the Offer Friday, 20 February
Closing date of the Offer at 12:00 Friday, 20 February
Payments to shareholders Monday, 23 February
Results of the offer announced on SENS Monday, 23 February
Results of the offer published in the Tuesday, 24 February
press
Ventel shares are delisted on the JSE Tuesday, 24 February
commencement of business day
Notes:
1. The above dates and times are subject to change. Any change
will be released to the JSE on SENS and published in the press.
2. Dematerialised Shareholders are required to notify their CSDP or
broker, as the case may be, of their intention to accept the
offer in the manner and time stipulated in the agreement entered
into between such Dematerialised Shareholders and their CSDP or
broker.
3. Certificated Shareholders accepting the offer are required to
complete and return the Form of acceptance and surrender (blue)
in accordance with the instructions therein, to be received by
12:00 on the Closing Date.
4. The Consideration will be posted at the risk of the shareholder
concerned by no later than five business days after the closing
date of the offer.
5. Share certificates may not be dematerialised after Friday, 13
February 2009.
POSTING OF CIRCULAR
A circular providing full information in respect of the disposal and
offer, and containing, inter alia, a notice of general meeting, a
form of proxy and a form of surrender, was posted to Ventel
shareholders on 15 January 2009.
Johannesburg
16 January 2009
Sasfin Capital
A division of Sasfin Bank Limited
Date: 16/01/2009 14:45:01 Produced by the JSE SENS Department.
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