| Mon 31 May 2010, 17:30 | | ZED - Zeder Investments Limited - Result of the mandatory offer by Zeder and |
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ZED
ZED
ZED - Zeder Investments Limited - Result of the mandatory offer by Zeder and
Rootstock Capital (Proprietary) Limited to the shareholders of KWV Holdings
Limited
Zeder Investments Limited
(Incorporated in the Republic of South Africa)
Registration Number: 2006/019240/06
Share Code: ZED
ISIN Code: ZAE000088431
("Zeder")
RESULT OF THE MANDATORY OFFER BY ZEDER AND ROOTSTOCK CAPITAL (PROPRIETARY)
LIMITED TO THE SHAREHOLDERS OF KWV HOLDINGS LIMITED
Shareholders are referred to the announcement published on SENS by Zeder on 7
April 2010 and published in the press jointly by Zeder, Rootstock Capital
(Proprietary) Limited ("Rootstock") and KWV Holdings Limited ("KWV Holdings") on
8 April 2010 ("the announcement"), regarding the mandatory offer made by Zeder
and Rootstock ("the Offeror Companies") to the shareholders of KWV Holdings,
other than the Offeror Companies ("the KWV Holdings shareholders"), to acquire
all of their ordinary shareholding in KWV Holdings at an offer consideration of
R9.60 per ordinary share.
The mandatory offer opened for acceptance at 09:00 on Tuesday, 4 May 2010 ("the
opening date") and closed at 12:00 on Friday 28 May 2010 ("the closing date").
Shareholders are advised that the Offeror Companies received acceptances from
KWV Holdings shareholders holding 32 080 KWV Holdings shares. The shares
acquired in terms of the mandatory offer have, in accordance with the terms of
the mandatory offer circular issued on 4 May 2010, been allocated between the
Offeror Companies on the basis that Zeder has received 75% and Rootstock has
received 25% of such shares as more fully set out in the table below:
Offeror Number of Number of shares Total number Total
Company shares held surrendered in of shares percentage of
immediately terms of the held issued share
prior to the mandatory offer immediately capital held
opening date after the immediately
closing date after the
closing date
Zeder 24 174 366 24 060 24 198 426 35.08%
Rootstock 1 543 501 8 020 1 551 521 2.25%
Total 25 717 867 32 080 25 749 947 37.33%
KWV Holdings shareholders participating in the mandatory offer ("offer
participants") whose shares are held by their brokers or Central Security
Depositary Participants ("CSDP") as nominees on their behalf have had their
accounts with their brokers or CSDP credited with the offer consideration on
Monday, 31 May 2010. Offer participants who hold their shares in their own name
have, in accordance with their instructions, either had their bank accounts
credited with the offer consideration, or a cheque posted to them in this regard
on Monday, 31 May 2010.
By order of the Zeder Board
Stellenbosch
31 May 2010
Transaction adviser and sponsor to Zeder:
PSG Capital (Proprietary) Limited
Date: 31/05/2010 17:30:01 Produced by the JSE SENS Department.
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