| Fri 13 Mar 2009, 15:38 | | SBL - Sable - Important Dates And Times In Respect Of The Claw-Back Offer |
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SBL
SBL
SBL - Sable - Important Dates And Times In Respect Of The Claw-Back Offer
SABLE HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1968/010636/06)
("SABLE" OR "THE COMPANY")
SHARE CODE: SBL ISIN: ZAE000006383
IMPORTANT DATES AND TIMES IN RESPECT OF THE CLAW-BACK OFFER
INTRODUCTION
It was announced by Sable on SENS on 13 November 2008 that it had finalised
the terms of a subscription agreement with Isdale to raise approximately R35
million by way of a claw-back offer. The claw-back offer will result in the
issuing of
1 797 400 new ordinary shares of R0.50 each to Sable ordinary shareholders at
a subscription price of R19.47 per rights offer share and in the ratio of 22
rights offer shares for every 100 Sable shares held.
Shareholders are referred to the following salient dates:
IMPORTANT DATES AND TIMES
2009
Finalisation Date Friday, 13 March
Last day to trade in Sable shares in order to
settle by the record date
and to qualify to participate in the rights offer Friday, 20 March
(cum entitlement) on
Listing of letters of allocation on the JSE commences
at commencement
of trading on Monday, 23 March
Sable shares commence trading ex-rights on the JSE at
commencement
of trading on Monday, 23 March
Record date for participation in the rights offer at Friday, 27 March
the close of business on
Rights offer circular posted to shareholders on Monday, 30 March
Rights offer opens at commencement of trading on Monday, 30 March
Dematerialised shareholders will have their accounts Monday, 30 March
at their CSDP or stockbroker automatically credited
with their entitlement on
Certificated shareholders on the register will have Monday, 30 March
their entitlement credited to an account at
Computershare Nominees (Proprietary) Limited on
The form of instruction in respect of a letter of Monday, 30 March
allocation will be posted to certificated
shareholders of Sable recorded in the register as
such on the record date on
Last day to trade in letters of allocation on the JSE Friday, 17 April
on
Listing of rights offer shares commences at Monday, 20 April
commencement of trading on
Rights offer closes - payments to be made and form of Friday, 24 April
instruction in respect of letters of allocation
lodged by certificated shareholders by 12:00 (see
Note 1) on
Record date for letters of allocation on Friday, 24 April
Dematerialised shareholders` accounts will be updated Tuesday, 28 April
with entitlements and credited by their CSDP or
stockbroker and certificates posted to certificated
shareholders on
Results of rights offer released on SENS on Tuesday, 28 April
Results of rights offer published in the press on Wednesday, 29 April
Notes:
1. Dematerialised shareholders are required to notify their duly appointed
CSDP or stockbroker of their acceptance of the offer in the manner and
time stipulated in the agreement governing the relationship between the
shareholder and his/her CSDP or stockbroker.
2. All times indicated are South African times unless otherwise stated.
3. Share certificates may not be dematerialised or rematerialised between
Monday, 27 March 2009 and Friday, 24 April 2009, both days inclusive.
4. Dematerialised shareholders will have their accounts at their CSDP or
stockbroker automatically credited with their Sable shares in respect of
which the rights offer has been accepted and certificated shareholders
will have their Sable share certificates in respect of which the rights
offer has been accepted posted to them at their own risk, by registered
post.
5. CSDPs effect payment in respect of dematerialised shareholders on a
delivery versus payment method.
6. In the event that the South African National Elections are confirmed for
22 April 2009, a Public Holiday may be declared and the timetable above
would be impacted. In such case, LDT would be Thursday 16 April 2009 and
the Listing of the rights offer shares will commence on Friday 17 April.
POSTING OF CIRCULAR
A circular providing full information in respect of the claw- back offer, and
containing, inter alia, a letter of allocation, will be posted to Sable
shareholders on 30 March 2009.
Johannesburg
13 March 2009
Sasfin Capital
A division of Sasfin Bank Limited
Date: 13/03/2009 15:38:02 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.
