| Thu 2 Apr 2009, 14:08 | | MIP - Merchant - Further Closing Date Of The Offer |
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MIP
MIP
MIP - Merchant - Further Closing Date Of The Offer
Merchant & Industrial Properties Limited
Share Code: "MIP" & ISIN: ZAE000102265
("Merchant")
FURTHER CLOSING DATE OF THE OFFER
Merchant shareholders are referred to the announcements published on 31
October 2008 and 13 March 2009 and the circular posted to Merchant
shareholders on 13 March 2009 in regard to an offer by Marshall Monteagle
Holdings Societe Anonyme ("Marshall") to acquire the 30,3% of the issued
ordinary share capital of Merchant that Marshall does not already own.
As at the date of this announcement, Marshall has received acceptances for
1,575,193 shares of Merchant, representing 9.1% of the issued share capital
of Merchant. This, in addition to the 69.7% already owned by Marshall,
represents 78.8% of the issued share capital of Merchant.
Shareholders attention is drawn to the fact that, in terms of the JSE
Listings Requirements should the shareholder spread not be maintained by
Merchant once the offer has been closed and the 90% not achieved, those
shareholders who do not accept the offer will remain shareholders in a
company that might face possible suspension and termination of its listing.
Notice is hereby given that the closing date of the offer has been extended
to 12h00 on Friday, 29 May 2009.
AMENDED SALIENT DATES
Last day to trade in the Marshalls Shares Friday 22 May
Shares trade "ex" the Offer Monday 25 May
Record date for participating in the Offer Friday 29 May
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 Monday 25 May 2009 and Friday 29 May 2009, both days inclusive.
All other terms and conditions of the offer remain extant.
Durban
2 April 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 02/04/2009 14:08:01 Produced by the JSE SENS Department.
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