| Wed 15 Jul 2009, 10:53 | | 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, 2 April 2009 and 13 May 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 3
517 655 shares of Merchant, representing 20,3% of the issued share capital
of Merchant. This, in addition to the 69,7% already owned by Marshall,
represents 90% of the issued share capital of Merchant.
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 90% of the 30,3% not already
held by Marshall 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, 25 September 2009.
AMENDED SALIENT DATES
Last day to trade in the Marshalls Thursday, 17 September
Shares
Shares trade "ex" the Offer Friday,18 September
Record date for participating in the Friday 25 September
Offer
Closing date of the offer at 12h00 Friday 25 September
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 Friday, 18 September 2009 and Friday 25 September July 2009,
both days inclusive.
All other terms and conditions of the offer remain extant.
Durban
15 July 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 15/07/2009 10:53:03 Produced by the JSE SENS Department.
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