AND - Andulela - Circular to Andulela shareholders issued in response to an
AND
AND
AND - Andulela - Circular to Andulela shareholders issued in response to an
unconditional cash offer by Newshelf
ANDULELA INVESTMENT HOLDINGS LIMITED
(Previously DNR Capital Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
Share code: AND: ISIN: ZAE000125894
("Andulela")
CIRCULAR TO ANDULELA SHAREHOLDERS ISSUED IN RESPONSE TO AN UNCONDITIONAL CASH
OFFER BY NEWSHELF 1005 (PROPRIETARY) LIMITED ("NEWSHELF") TO ANDULELA
SHAREHOLDERS TO ACQUIRE ALL OF THEIR SHARES THAT NEWSHELF DOES NOT ALREADY OWN
FOR A CASH CONSIDERATION OF 12 CENTS FOR EVERY 1 ANDULELA SHARE HELD ("THE
OFFER")
Shareholders are referred to the SENS announcements released on 20 November 2009
and 1 December 2009 advising shareholders that, inter alia, Newshelf as a result
of its acquisition of 144 576 717 Andulela ordinary shares was obliged, in terms
of the Securities Regulation Code on Take-Overs and Mergers and the Rules of the
Securities Regulation Panel, to make the offer.
On 18 January 2010, Newshelf posted a circular to Andulela shareholders
providing further information on the offer and containing, inter alia, a form of
acceptance and surrender ("the offer document").
On 10 February 2010, Andulela posted a circular to Andulela shareholders
regarding the views of the Andulela board on the offer and containing the
substance of the advice to the Andulela board by its external advisor, Java
Capital (Proprietary) Limited ("the offeree board circular").
Shareholders are advised to read the offeree board circular in its entirety
before accepting the offer.
Andulela shareholders are further advised that the offer closes at 12:00 on
Friday, 26 February 2010.
The salient dates of the offer are contained in the SENS announcement released
on 5 February 2010 and are set out in the offeree board circular.
10 February 2010
Sponsor and external advisor
Java Capital (Proprietary) Limited
Date: 10/02/2010 15:19:02 Produced by the JSE SENS Department.
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