| Mon 24 May 2010, 10:00 | | HVL - Highveld Steel and Vanadium Corporation Limited - Proposed name change |
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HVL
HVL
HVL - Highveld Steel and Vanadium Corporation Limited - Proposed name change
Highveld Steel and Vanadium Corporation Limited
Registration number: 1960/001900/06
(Incorporated in the Republic of South Africa)
("Highveld" or "the Corporation")
Share code: HVL
ISIN code: ZAE000003422
PROPOSED NAME CHANGE
Introduction
The directors are proposing to change the name of the Corporation to Evraz
Highveld Steel and Vanadium Limited.
Rationale
The proposed name change is part of the Evraz Group strategic drive to rebrand
the complete group under the Evraz identity. The combination of the two strong
brands of Evraz, with its global reach and experience, and of Highveld, with its
long-standing history and solid reputation in South Africa, creates synergy
which will contribute to the competitiveness of the Corporation and
strengthening of its market position.
In order to reflect Highveld`s new corporate identity as aligned with the Evraz
strategy to unify the complete Evraz Group under the Evraz name, the board
proposes to change the name of the Corporation to Evraz Highveld Steel and
Vanadium Limited, with an abbreviated name EHSV, JSE code: EHS and ISIN:
ZAE000146171, from commencement of business on Monday, 19 July 2010.
Salient dates and times
2010
Circular posted to shareholders recorded in the Monday, 24 May
register at the close of business on
Last day to lodge forms of proxy for the general Friday, 18 June
meeting by 10:00 on
General meeting at 10:00 on Tuesday, 22 June
Results of general meeting published on SENS on Tuesday, 22 June
Finalisation announcement Friday, 9 July
Last day to trade Friday, 16 July
Change of name effective from commencement of Monday, 19 July
trading under the JSE code: EHS and ISIN:
ZAE000146171 on
List and trade new shares in the new name from Monday, 19 July
commencement of trading on
Record date Friday, 23 July
Issue to certificated shareholders of new share Monday, 26 July
certificates, posting of share certificates to
those shareholders who have submitted their share
certificates and forms of surrender on or before
12:00 on the record date. Share certificates and
forms of surrender received after 12:00 on the
record date will have their new certificates posted
within five days of receipt of surrender.
CSDP and broker accounts, in respect of Monday, 26 July
dematerialised shareholders, will be updated on
Note: The dates and times provided for in this circular are subject to
amendment. Any such amendment will be released on SENS. Shareholders will not be
able to dematerialise or rematerialise securities in the name of Highveld after
Friday, 16 July 2010.
Circular
The proposed name change is conditional upon shareholder approval. The circular
containing the notice of general meeting to be held on Tuesday, 22 June 2010,
with the necessary resolutions that need to be passed by shareholders for the
approval and implementation of the Proposed Name Change was posted to
shareholders today.
eMalahleni
24 May 2010
Sponsor:
J.P. Morgan Equities Limited
Date: 24/05/2010 10:00:01 Produced by the JSE SENS Department.
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