TFX - Top Fix Holdings - Paladin Voluntary Offer To All Top Fix Shareholders
TFX
TFX
TFX - Top Fix Holdings - Paladin Voluntary Offer To All Top Fix Shareholders
TOP FIX HOLDINGS LIMITED
(Registration number 2006/011359/06)
JSE code: TFX & ISIN: ZAE000088423
("Top Fix")
PALADIN VOLUNTARY OFFER TO ALL TOP FIX SHAREHOLDERS
Shareholders are hereby advised that Paladin Capital Limited ("Paladin") has
resolved to make a voluntary offer to all Top Fix shareholders to acquire up
to a maximum of 34.9% of the issued ordinary share capital in Top Fix,
inclusive of the Top Fix shares already held by Paladin and its deemed concert
parties ("the offer").
Paladin, together with its deemed concert parties hold approximately 24.1% of
the issued ordinary share capital in Top Fix and accordingly seek to acquire
an additional stake of approximately 10.8% in Top Fix through the offer.
The offer consideration offered to Top Fix Shareholders shall be discharged,
at the election of participating Top Fix shareholders, as follows:
- 0.42424 Paladin shares for each Top Fix share disposed of in terms of the
offer; or
- a cash payment of 70 cents for each Top Fix share disposed of in terms of
the offer; or
- a combination of the aforegoing.
Further details of the offer can be obtained from the Paladin SENS
announcement released earlier today and from the Paladin circular that will be
sent to Top Fix shareholders.
The Top Fix board does not express any opinion on the aforementioned offer.
Top Fix shareholders are advised to consult their broker, banker, accountant,
legal adviser or other professional adviser with regards to the offer.
Johannesburg
26 November 2009
Designated Advisor
PSG Capital (Pty) Limited
Date: 26/11/2009 16:42:01 Produced by the JSE SENS Department.
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