| Mon 29 Jun 2009, 10:58 | | CLS - Clicks - Implementation And Results Of The Odd Lot Offer |
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CLS
CLS
CLS - Clicks - Implementation And Results Of The Odd Lot Offer
Clicks Group Limited (formerly New Clicks Holdings Limited)
(Registration number 1996/000645/06)
Share code: CLS & ISIN: ZAE000134854
("Clicks" or "the company")
IMPLEMENTATION AND RESULTS OF THE ODD LOT OFFER
1. Implementation of the odd lot offer
Shareholders are advised that the odd lot offer to Clicks shareholders who
held less than 100 ordinary shares in Clicks on Friday, 26 June 2009 ("odd
lot holders") has been implemented.
2. Results of the odd lot offer
The total number of ordinary shares relating to those odd lot holders who
elected to sell or were deemed to have sold their odd lot holdings is 5
674. These ordinary shares were purchased by Clicks at R17.41 per share for
a total consideration of R98 784.34. These shares will be delisted and
restored to the status of authorised but unissued share capital.
The total number of ordinary shares which continue to be held by odd lot
holders who elected to retain their odd lot holdings is 2 658.
As a result of the implementation of the odd lot offer, the number of
Clicks shareholders has been reduced by 310, and the total number of shares
in issue has been reduced by 5 674 to 302 633 551.
3. Payment to odd lot holders
Cheques and electronic transfers in respect of the sale of odd lot holdings
will be posted by ordinary post to the relevant odd lot holders or effected
on or about Monday, 29 June 2009 respectively, except for certificated odd
lot holders who failed to make an election and who were therefore deemed to
have sold their odd lot holdings, in which case the money owing to them
will be held on their behalf until such odd lot holders have surrendered
their documents of title in accordance with the provisions set out in
paragraph 4 below.
4. Certificated odd lot holders
Certificated odd lot holders who failed to make an election and were
therefore deemed to have sold their odd lot holdings are reminded that in
order for payment in respect of the sale of their odd lot holdings to be
effected they are required to surrender their documents of title to the
transfer secretaries, Computershare Investor Services (Proprietary)
Limited, Ground Floor, 70 Marshall Street, Johannesburg, 2001 or PO Box
61763, Marshalltown, 2107.
These odd lot holders are also reminded that their documents of title will
have no value after Friday, 26 June 2009 other than to receive the proceeds
of the sale of their odd lot holdings of R17.41 per share upon surrender of
their documents of title.
5. Dematerialised odd lot holders
Any movement in the number of ordinary shares held and amounts receivable
by an odd lot holder who has dematerialised his/her shares, as a result of
the implementation of the odd lot offer, will be updated automatically and
credited in the odd lot holder`s account with the Central Securities
Depository Participant or broker selected by that odd lot holder on or
about Monday, 29 June 2009.
Cape Town
29 June 2009
Investment Bank and Sponsor
Investec Bank Limited
Corporate Law Adviser
Edward Nathan Sonnenbergs Incorporated
Date: 29/06/2009 10:58:01 Produced by the JSE SENS Department.
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