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MKL
MKL
MKL - Makalani - Results of the offer to unitholders and delisting of Makalani
MAKALANI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2005/000726/06
Share code: MKL
ISIN: ZAE000066700
("Makalani" or "the Company")
RESULTS OF THE OFFER TO UNITHOLDERS AND DELISTING OF MAKALANI
The board of directors of Makalani is pleased to announce that the offer to
Makalani linked unitholders ("Unitholders"), as detailed in the circular that
was despatched by prepaid registered mail to all beneficial Unitholders on 9
April 2010 (the "circular") closed at 12h00, Friday, 28 May 2010.
The results of the offer set out below exclude the 10 926 385 units held
collectively by FirstRand Bank Limited (acting through its Rand Merchant Bank
division) and its associates, Makalani Management Company (Proprietary) Limited
and Makalani Treasury Units (Proprietary) Limited, which provided irrevocable
undertakings (as disclosed in the circular) that they would not be accepting the
offer in relation to the units held by them.
Unitholders are advised that the results of the offer are as follows: -
Number of Units
Certificated Unitholders accepting or deemed 4 360
to have accepted the offer
Dematerialised Unitholders accepting or 11 092 014
deemed to have accepted the offer
Total Unitholders accepting or deemed to 11 096 374
have accepted the offer
The above total acceptances or deemed acceptances (as the case may be) represent
87.6% of eligible Unitholders.
The delisting of Makalani was approved at the general meeting of Unitholders on
Wednesday, 5 May 2010. The termination of the listing of Makalani will be
effective from the commencement of trade on Tuesday, 1 June 2010. Unitholders
who have elected to retain their units will remain unitholders in the unlisted
Makalani.
Illovo
31 May 2010
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal advisor
Edward Nathan Sonnenbergs Inc
Independent sponsor
Deloitte and Touche Sponsor Services (Proprietary) Limited
Date: 31/05/2010 14:37:03 Produced by the JSE SENS Department.
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