| Fri 20 Mar 2009, 11:04 | | 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 Holdings BV 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 who accept the offer at a subscription price of
R19.47 per claw-back offer share and in the ratio of 22 claw-back offer shares
for every 100 Sable shares held.
Shareholders are referred to the following salient dates:
IMPORTANT DATES AND TIMES
2009
Declaration Date Friday, 20 March
Finalisation Date Friday, 27 March
Last day to trade in Sable shares in order to
settle by the record date
and to qualify to participate in the claw-back Thursday, 2 April
offer (cum entitlement) on
Sable shares commence trading ex-rights on the Friday, 3 April
JSE at commencement of trading on
Record date for participation in the claw-back Thursday, 9 April
offer at the close of business on
Rights offer closes - payments to be made and Friday, 8 May
form of 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, 8 May
Dematerialised shareholders` accounts will be Monday, 11 May
updated with entitlements and credited by
their CSDP or stockbroker and certificates
posted to certificated shareholders on
Notes:
1. Dematerialised shareholders are required to notify their duly appointed
CSDP or stockbroker of their acceptance of the claw-back 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.
3. Share certificates may not be dematerialised or rematerialised between
Thursday, 9 April 2009 and Friday, 8 May 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 claw-back offer has been accepted and certificated shareholders
will have their Sable share certificates in respect of which the claw-
back 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.
EXCESS APPLICATIONS AND SHARES NOT TAKEN UP
Due to the fact that the offer is being made by way of a claw-back offer,
Sable shareholders may not apply for rights shares in excess of those
allocated to them in terms of the claw-back offer.
Shares not taken up under the claw-back offer will be subscribed for and
issued to Isdale Holdings BV in terms of the claw-back.
CONDITIONS PRECEDENT
There are no outstanding conditions precedent for this transaction. The
circular is in the process of registration at the Companies and Intellectual
Property Registration Office and will, once registered, be posted to Sable
shareholders in due course.
These dates are subject to change. Any change will be notified on SENS.
Johannesburg
20 March 2009
Sasfin Capital
A division of Sasfin Bank Limited
Date: 20/03/2009 11:04:02 Produced by the JSE SENS Department.
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