| Thu 28 May 2009, 16:25 | | FRT - Faritec Holdings Limited - Salient dates of the rights offer |
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FRT
FRT
FRT - Faritec Holdings Limited - Salient dates of the rights offer
Faritec Holdings Limited
(Registration number 1998/004872/06)
Share code: FRT
ISIN: ZAE000016838
("Faritec" or the "company")
SALIENT DATES OF THE RIGHTS OFFER
Shareholders are referred to the SENS announcements dated 10 March and 15 April
2009 in relation to the underwritten rights offer in terms of which Faritec
shareholders will be offered 258.20 shares ("rights offer shares") for every 100
shares held by them on the record date for participation in the rights offer at
a price of 3 cents per rights offer share.
Shareholders will have the right to apply for any excess rights offer shares not
taken up by other shareholders and any such excess shares will be attributed
equitably based on the number of shares held by the shareholder concerned and
the number of excess shares applied for.
Foreign shareholders may be affected by the rights offer, having regard to
prevailing laws in their relevant jurisdictions. Such foreign shareholders
should inform themselves about and observe any applicable legal requirements of
such jurisdiction in relation to the rights offer.
The rights offer shares will not be registered with the US Securities and
Exchange Commission under the US Securities Act of 1933, as amended, the US
Securities Exchange Act of 1934, as amended or any US state securities laws.
Subject to the approval of the JSE and registration of the rights offer
circular, forms of instruction and other documents with the Registrar of
Companies, as required by Section 146A of the Companies Act (Act 61 of 1973) by
Thursday, 4 June 2009, the salient dates of the rights offer will be as follows:
2009
Last day to trade in Faritec shares in order to Thursday, 11 June
participate in the rights offer
Listing and trading of letters of allocation on the Friday, 12 June
JSE
Faritec shares commence trading on the JSE ex- Friday, 12 June
rights offer entitlement
Record date for determination of shareholders
entitled to participate in the rights offer Friday, 19 June
(initial record date)
Rights offer opens at 09:00 on Monday, 22 June
Rights offer circular and forms of instruction Monday, 22 June
posted to shareholders, where applicable
Dematerialised shareholders will have their Monday, 22 June
accounts at their CSDP or broker automatically
credited with their entitlement
Certificated shareholders on the register will have Monday, 22 June
their entitlement credited to an account held with
the transfer secretaries
Last day to trade letters of allocation on the JSE Friday,3 July
Maximum number of rights offer shares listed and Monday, 6 July
trading therein commences on the JSE
Rights offer closes at 12:00 on (see note 1) Friday, 10 July
Record date for letters of allocation (final record Friday, 10 July
date)
New Faritec shares issued Monday, 13 July
Dematerialised shareholders` accounts updated and Monday, 13 July
debited by CSDP or broker, and certificates posted
to certificated shareholders (in respect of the
rights offer shares)
Results of rights offer announced on SENS Monday, 13 July
Results of rights offer announced in the press Tuesday, 14 July
Refunds (if any) to certificated shareholders in Tuesday, 14 July
respect of unsuccessful applications made on or
about
Notes:
Dematerialised shareholders are required to inform their CSDP or broker of their
instructions in terms of the rights offer in the manner and time stipulated in
the agreement governing the relationship between the shareholder and its CSDP or
broker.
Share certificates may not be dematerialised or rematerialised between Friday,
12 June 2009 and Friday, 19 June 2009, both days inclusive.
Dematerialised shareholders will have their accounts at their CSDP automatically
credited with their rights and certificated shareholders will have their rights
credited to an account at Computershare Investor Services (Proprietary) Limited.
CSDPs effect payment in respect of dematerialised shareholders on a delivery-
versus-payment method.
The dates above are subject to change. Any changes will be released on SENS.
28 May 2009
Corporate advisor, legal advisor and sponsor
Java Capital (Proprietary) Limited
Date: 28/05/2009 16:25:02 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.
