| Tue 19 Jan 2010, 14:45 | | MAF - Mutual & Federal Insurance Company Limited - Fulfilment Of Conditions |
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MAF
MAF
MAF - Mutual & Federal Insurance Company Limited - Fulfilment Of Conditions
Precedent And Finalisation Announcement
MUTUAL & FEDERAL INSURANCE COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1970/006619/06
Share code JSE: MAF NSX: MTF ISIN: ZAE000010823
("Mutual & Federal")
FULFILMENT OF CONDITIONS PRECEDENT AND FINALISATION ANNOUNCEMENT
1. INTRODUCTION
In the announcement released on SENS on Tuesday, 1 December 2009 and
published in the press on Wednesday, 2 December 2009, Mutual & Federal
shareholders were advised that the scheme of arrangement proposed by Old
Mutual plc ("Old Mutual") between Mutual & Federal and its shareholders
other than Old Mutual and its subsidiaries which beneficially hold
shares in Mutual & Federal ("the Scheme") remained subject to the
fulfilment or waiver, to the extent possible, of certain conditions
precedent set out in that announcement ("Conditions Precedent").
Shareholders are advised that all of the Conditions Precedent have now
been fulfilled and/or waived, and accordingly, the salient dates and
times published on SENS, in the circular to Mutual & Federal
shareholders on Friday, 30 October 2009 and in the press on Monday, 2
November 2009, are amended as set out on paragraph 2 below.
Application for the listing of the Scheme consideration shares will be
made by Old Mutual to the relevant exchanges on which Old Mutual is
listed.
2. AMENDED SALIENT DATES AND TIMES
Finalisation date announcement to be released on Tuesday, 19 January 2010
SENS on
Finalisation date announcement to be published in Wednesday, 20 January 2010
the press on
Last day to trade Mutual & Federal shares on the Friday, 29 January 2010
JSE and NSX in order to be recorded in the share
register on the Scheme record date on
Date of suspension of Mutual & Federal`s listing Monday, 1 February 2010
on the JSE and NSX from the commencement of
business on
Date that trading in the Scheme consideration Monday, 1 February 2010
shares commences
Scheme record date to determine participation in Friday, 5 February 2010
the Scheme at 17h00 on
Disposal date from which the Scheme consideration Monday, 8 February 2010
will be made available or posted to certificated
Scheme participants (if the duly completed form
of surrender and transfer and the documents of
title are received by the transfer secretaries on
or prior to 12h00 on the Scheme record date, or
failing that, within five business days of
receipt of the duly completed form of surrender
and transfer and relevant documents of title by
the transfer secretaries). Dematerialised Scheme
participants will have the Scheme consideration
credited to their account held at their CSDP or
broker on the operative date
Operative date of the Scheme, from the Monday, 8 February 2010
commencement of business on
Termination of listing of Mutual & Federal shares Monday, 8 February 2010
from the JSE and NSX at commencement of business
on
Notes:
1. In order to be recorded in the register on the Scheme record date
no dematerialisation or rematerialisation of Mutual & Federal
shares will take place after the last day to trade, which is
expected to be Friday, 29 January 2010.
2. All times indicated above are South African times.
Johannesburg
19 January 2010
Investment bank, transaction advisor Corporate law advisors
and transaction sponsor
(logo) (logo)
Nedbank Capital, a division of Nedbank Edward Nathan Sonnenbergs
Limited
Date: 19/01/2010 14:45:01 Produced by the JSE SENS Department.
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implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
