SAL / SALD - Sallies Limited - Circular in Response to Firebird Offer
SAL SALD
SAL
SAL / SALD - Sallies Limited - Circular in Response to Firebird Offer
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
Share code: SAL & ISIN: ZAE000022588
JSE Code: SALD & ISIN: ZAE000117305
("Sallies")
CIRCULAR IN RESPONSE TO FIREBIRD OFFER
Shareholders and convertible debenture holders (collectively "Sallies security
holders") are referred to the announcement made by Firebird Global Master Fund,
Ltd., together with its affiliate, Firebird Global Master Fund II, Ltd.
(collectively, "Firebird") on 4 August 2009 as well as the offer document from
Firebird, dated 2 September 2009, relating to an unconditional mandatory cash
offer by Firebird to Sallies security holders to acquire their Sallies
shares/Sallies convertible debentures for a consideration of 18 cents per
Sallies share/Sallies convertible debenture ("the offer").
Security holders are hereby advised that a circular incorporating the views of
the Sallies Board and the independent professional expert opinion regarding the
offer was posted to Sallies security holders on 17 September 2009.
Johannesburg
18 September 2009
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 18/09/2009 08:26:02 Produced by the JSE SENS Department.
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