JSE - JSE LIMITED/ BESA - Joint Announcement by BESA and the JSE Relating to the
JSE
JSE
JSE - JSE LIMITED/ BESA - Joint Announcement by BESA and the JSE Relating to the
Proposed Scheme of Arrangement Between BESA and its Shareholders
BOND EXCHANGE OF SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/034441/06)
("BESA")
JSE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
Share Code: JSE
ISIN: ZAE000079711
("JSE")
JOINT ANNOUNCEMENT BY BESA AND THE JSE RELATING TO THE PROPOSED SCHEME OF
ARRANGEMENT BETWEEN BESA AND ITS SHAREHOLDERS
Shareholders are referred to the circular dated 20 January 2009, to BESA
shareholders regarding the scheme of arrangement proposed by the JSE between
BESA and its shareholders ("the transaction").
The JSE and BESA are awaiting the regulatory approvals of the South African
competition authorities and the Financial Services Board for the transaction and
the transaction is therefore moving beyond the indicative dates contained in the
circular. As a result, all the dates indicated as "expected" in the "Salient
Dates and Times" section of the circular will change.
As soon as further clarity has been obtained on the revised dates, a further
announcement will be released by BESA, on its website, and by the JSE, on SENS
and published in the press.
The Long Stop Date, being the date by which all conditions precedent must be
fulfilled, remains unchanged at 30 June 2009.
Johannesburg
4 May 2009
Financial Advisor to BESA:
ABSA Capital
Attorneys to the Scheme
Webber Wentzel
Legal advisor to BESA
Edward Nathan Sonnenbergs Inc
Sponsor to JSE
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04/05/2009 07:05:02 Produced by the JSE SENS Department.
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