TKG - Telkom SA Limited - Telkom SA Limited (TKG) announcement regarding book
TKG
TKG
TKG - Telkom SA Limited - Telkom SA Limited (TKG) announcement regarding book
build process for Vodacom shares pursuant to regulation s under the US
securities act of 1933
Telkom SA Limited
Incorporated in the Republic of South Africa
(Registration Number 1991/005476/06)
ISIN ZAE000044897
JSE and NYSE Share Code TKG
("Telkom" or "the Company")
TELKOM SA LIMITED (TKG) ANNOUNCEMENT REGARDING BOOK BUILD PROCESS FOR VODACOM
SHARES PURSUANT TO REGULATION S UNDER THE US SECURITIES ACT OF 1933
Telkom shareholders are referred to the Circular to Shareholders, dated 2 March
2009, and the revised Salient Dates and Times Announcement, dated 17 April 2009,
regarding the transaction involving Telkom`s stake in Vodacom Group
(Proprietary) Limited ("Vodacom").
Telkom has undertaken to sell the Vodacom shares on behalf of ineligible Telkom
investors in the Vodacom unbundling via a book build process. Ineligible
shareholders are those shareholders that have a registered address in the US.
The book build process is expected to be executed approximately two weeks
following the listing of Vodacom`s ordinary shares on the JSE. An international
bank has been appointed to execute the book build. The book build process will
be executed outside the United States pursuant to Regulation S under the US
Securities Act of 1933. Pricing and allocation will take place as soon as the
book has been filled and this is likely to take at least two days. The closing
of the book build process will be subject to the normal T+5 settlement process.
This means the ineligible Telkom shareholders will not receive their money in
respect of the Vodacom shares until at least the following week.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES
AND SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT
REGISTRATION OR AN EXEMPTION FROM REGISTRATION. THERE WILL BE NO PUBLIC OFFERING
OF VODACOM SECURITIES IN THE UNITED STATES THAT WOULD REQUIRE REGISTRATION.
Date:
18 May 2009
Transactional Sponsor:
J.P. Morgan Equities Limited
Date: 18/05/2009 16:43:15 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
