VMK - Verimark Holdings Limited - Further Announcement Regarding Court Ruling In
VMK
VMK
VMK - Verimark Holdings Limited - Further Announcement Regarding Court Ruling In
Respect Of Sanctioning Of Scheme Of Arrangement
Verimark Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1998/006957/06
Share Code: VMK ISIN Code: ZAE000068011
("Verimark")
FURTHER ANNOUNCEMENT REGARDING COURT RULING IN RESPECT OF SANCTIONING OF SCHEME
OF ARRANGEMENT
Shareholders are referred to the announcement released on SENS on 28 August 2009
regarding the fact that the South Gauteng High Court (Johannesburg) ("the
Court") has ruled against the sanctioning of the scheme of arrangement in terms
of section 311 of the Companies Act ("the scheme"), as detailed in the circular
issued to Verimark shareholders on 26 June 2009 and in other prior announcements
released on SENS on 11 May 2009 and 26 June 2009.
Shareholders are hereby advised that, pursuant to consultation with their legal
advisors, the Van Straaten Family Trust and Verimark will not lodge an appeal
against the Court`s ruling, and the scheme will therefore not be implemented.
Accordingly, those certificated shareholders who have submitted their documents
of title in respect of receiving the consideration payable in terms of the
scheme, will have same returned to them by the transfer secretaries within five
business days by registered post, at the risk of such shareholders.
31 August 2009
Corporate Advisor and Sponsor: PSG Capital (Proprietary) Limited
Attorneys: Glyn Marais Inc
Date: 31/08/2009 16:54:02 Produced by the JSE SENS Department.
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