| Fri 4 Dec 2009, 7:50 | | BSR / TWP - Basil Read / TWP Holdings - Update -Implementation Of The |
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BSR TWP
BSR TWP
BSR / TWP - Basil Read / TWP Holdings - Update -Implementation Of The
Acquisition ("The Acquisition") By Basil Read Of The Entire Issued Share
Capital Of Twp By Way Of A Scheme Of Arrangement In Terms Of Section 311 Of
The Companies Act, 1973 (Act 61 Of 1973), As Amended, Between TWP And Its
Shareholders ("The Scheme")
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/007758/06)
Share code: BSR ISIN: ZAE000029781
("Basil Read")
TWP Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/025640/06)
Share code: TWP ISIN: ZAE000110763
("TWP")
UPDATE -IMPLEMENTATION OF THE ACQUISITION ("THE ACQUISITION") BY BASIL READ OF
THE ENTIRE ISSUED SHARE CAPITAL OF TWP BY WAY OF A SCHEME OF ARRANGEMENT IN
TERMS OF SECTION 311 OF THE COMPANIES ACT, 1973 (ACT 61 OF 1973), AS AMENDED,
BETWEEN TWP AND ITS SHAREHOLDERS ("THE SCHEME")
Further to the announcement of 1 December 2009, Basil Read and TWP shareholders
are advised that the Order of Court sanctioning the scheme has been registered
by the Companies and Intellectual Property Registration Office. Accordingly,
all conditions precedent to the Acquisition and the Scheme have been fulfilled.
Johannesburg
4 December 2009
Corporate adviser to the transaction PricewaterhouseCoopers Corporate Finance
(Pty) Ltd
(Registration number 1970/003711/07)
Auditors and reporting accountants to Basil Read and TWP
PricewaterhouseCoopers Inc
Chartered Accountants and Auditors
(Registration no 1998/012055/21)
Attorneys to Basil Read
Ramsay Webber Attorneys, Notaries and Conveyancers
Sponsor to Basil Read
SASFIN Capital
Attorneys to TWP
TLI Company, Tax, Property & Labour Lawyers
Investment bank and sponsor to TWP
NEDBANK Capital
Independent adviser to TWP shareholders
MOORE STEPHENS Corporate Finance
Date: 04/12/2009 07:50:09 Produced by the JSE SENS Department.
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