| Fri 13 Mar 2009, 7:05 | | MIP - Merchant - Salient dates announcement in regard to the offer to merchant |
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MIP
MIP
MIP - Merchant - Salient dates announcement in regard to the offer to merchant
shareholders by Marshall Monteagle Holdings Societe Anonyme
Merchant & Industrial Properties Limited
Share Code: "MIP" ISIN: "ZAE000102265
("Merchant")
SALIENT DATES ANNOUNCEMENT IN REGARD TO THE OFFER TO MERCHANT SHAREHOLDERS BY
MARSHALL MONTEAGLE HOLDINGS SOCIETE ANONYME ("Marshall")
1. INTRODUCTION
Shareholders are referred to the joint announcement published on 31 October 2008
by Merchant and Marshall when it was announced that Marshall will make an offer
to Merchant to acquire the 30.3% of the issued ordinary share capital of
Merchant that Marshall does not already own on the basis of an exchange of 33
Marshall shares for every 100 Merchant shares("the Offer").
2. SALIENT DATES
2009
Opening Date of the Offer / Circular posted Friday, 13 March
(09:00)
Last day to trade in the Merchant Shares
Thursday, 2 April
Shares trade ex the offer
Friday, 3 April
Record date for participating in the Offer
Thursday, 9 April
Closing Date of the Offer (12:00)
Thursday, 9 April
Results of the
Offer announced on SENS on Tuesday,14 April
CSDP or Broker accounts to be updated or share
certificates to be posted to certificated See note 5
shareholders
Results of the Offer published in the press
Wednesday, 15 April
Notes:
1. The above dates and times are subject to change. Any changes will be
released on SENS and published in the press.
2. Shareholders may not dematerialise or rematerialise their shares
between the Business Day after the last day to trade and the record
date, both days inclusive.
3. The Securities Regulation Code requires that the offer remain open for
at least 21 days.
4. 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 Shareholder and their CSDP or broker.
5. The Consideration Shares will be posted or transferred at the risk of
the Marshalls shareholder concerned by no later than five Business
Days after the later of:
- receipt of the Documents of Title and the Form of Acceptance and
Surrender, or
- advice of acceptance of the Offer being received from the CSDP or
broker, as the case may be.
4. REGULATORY APPROVALS RECEIVED
Prior to publication of this announcement and mailing of the circular to
Merchant shareholders, approvals have been received from the Securities
Regulation Panel and The Exchange Control Department of the South African
Reserve Bank
5. DOCUMENTATION
An offer circular, incorporating a form of acceptance and surrender, will be
mailed to Merchant shareholders today, 13 March 2009.
Durban
13 March 2009
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 13/03/2009 07:05:02 Produced by the JSE SENS Department.
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