| Thu 14 May 2009, 14:20 | | 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, 13 March 2009 and 2 April 2009 as well as 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
1,488,465 shares of Merchant, representing 8,6% of the issued share capital of
Merchant. This, in addition to the 69,7% already owned by Marshall, represents
78,3% of the issued share capital of Merchant. A further 183,998 (1,1%) shares
are still to be accepted under an irrevocable agreement.
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, 31 July 2009.
AMENDED SALIENT DATES
Last day to trade in the Marshalls Shares Friday 24 July
Shares trade "ex" the Offer Monday 27 July
Record date for participating in the Offer Friday 31 July
Closing date of the offer at 12h00 Friday 31 July
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 27 July 2009 and Friday 31 July 2009, both days inclusive.
All other terms and conditions of the offer remain extant.
Durban
14 May 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 14/05/2009 14:20:01 Produced by the JSE SENS Department.
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