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JSE
JSE
JSE - JSE Limited/BESA - Joint Announcement by BESA and the JSE Relating to the
Sanctioning of the Scheme of Arrangement and the Scheme of Arrangement Becoming
Unconditional
JSE Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/022939/06)
Share code: JSE & ISIN: ZAE000079711
("JSE")
Bond Exchange of South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/034441/06)
("BESA")
JOINT ANNOUNCEMENT BY BESA AND THE JSE RELATING TO THE SANCTIONING OF THE SCHEME
OF ARRANGEMENT AND THE SCHEME OF ARRANGEMENT BECOMING UNCONDITIONAL
Shareholders are referred to the circular to BESA shareholders, dated 20 January
2009 ("the Circular"), regarding the scheme of arrangement proposed by the JSE
between BESA and its shareholders ("the Scheme").
All regulatory approvals required for the implementation of the Scheme have been
received and the High Court of South Africa ("the Court") today (9 June 2009)
sanctioned the Scheme as detailed in the Circular, without modification. The
Court order sanctioning the Scheme was also registered by the Registrar of
Companies today. All suspensive conditions to the Scheme have therefore been
fulfilled and the JSE and BESA are therefore announcing that the Scheme
Finalisation Date is today (9 June 2009).
The remaining salient dates and times pertaining to the implementation of the
Scheme are as follows:
Announcement of Court sanction of the Tuesday 9 June
Scheme and Finalisation Date released by 2009
BESA on BESA`s website and by the JSE on
SENS on
Announcement of Court sanction of the Wednesday 10 June
Scheme and Scheme becoming unconditional 2009
published in the press on
Scheme Consideration Last Day to Trade - 17:00 on Friday 12
Last day to trade shares in BESA to be June 2009
registered in the register in order to be
eligible to receive the Scheme
Consideration at
Scheme Consideration Record Date - Last 17:00 on Friday 19
Day to be registered on the register in June 2009
order to be eligible to receive the Scheme
Consideration at
Operative Date on Monday 22 June
2009
Scheme Consideration will:
if documents of title are received on or Monday 22 June
before 12:00 on the Scheme Consideration 2009
Record Date, be posted to scheme
participants or deposited directly into
their bank accounts should they provide
bank account details on the form of
surrender on the Operative Date, which is
if documents of title are received after
the Scheme Consideration Record Date, be within five
posted to scheme participants business days
after receipt of
the
documents of title
Note:
Any reference to time is a reference to local South African time. Any changes
to the above dates and times will be released by BESA on its website and by the
JSE on SENS and published in the press.
BESA shareholders who have not done so already are reminded to complete the Form
of surrender (green - attached at the back of the Circular) and to deliver the
Form of surrender and (if not already in the possession of the transfer
secretaries) their documents of title in accordance with the instructions
contained in the Form of surrender in order to receive their Scheme
Consideration. An electronic copy of the Form of surrender is also available on
http://www.bondexchange.co.za and http://www.jse.co.za/besa-deal.jsp.
Johannesburg
9 June 2009
Financial Advisor to BESA:
ABSA Capital
Legal Advisor to the JSE and 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: 09/06/2009 15:54:01 Produced by the JSE SENS Department.
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