| Mon 14 Jun 2010, 17:23 | | KDV - Kaydav Group Limited - Salient dates and times of mandatory offer |
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KDV
KDV
KDV - Kaydav Group Limited - Salient dates and times of mandatory offer
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV ISIN: ZAE000108940
("KayDav" or "the company")
SALIENT DATES AND TIMES OF MANDATORY OFFER
Shareholders are referred to the announcement released on SENS on Wednesday,
21 April 2010 and published in the press on Thursday, 22 April 2010, whereby
it was announced that the specific repurchase of 22 600 000 KayDav shares
from Stanlib Asset Management Limited and the specific repurchase of 29 000
000 KayDav shares from Peregrine Equities Proprietary Limited ("the specific
repurchases") were implemented on 12 April 2010 and that Gary Davidson and
The Davidson Family Trust were required by the Securities Regulation Panel
("SRP") to make a mandatory offer under the Securities Regulation Code on
Takeovers and Mergers ("the Code") at the 30 cents price per KayDav share
payable under the specific repurchases ("the offer").
During the preparation of the offer circular, it came to the attention of
the company that in the context of implementing the specific repurchases
(which triggered an affected transaction) and the sale by Katzgold Trading &
Investments (Proprietary) Limited ("Katzgold") to Classic International Impex
(Proprietary) Limited ("Classic")of its entire shareholding in KayDav, that
each of The Davidson Family Trust, Gary Davidson, Katzgold, Classic and The
David Brouze Trust (being the sole shareholder of Classic) ("the offerors")
should appropriately be constituted the offerors under the offer.
Accordingly, the offerors are required to make and have made an unconditional
mandatory cash offer to acquire all of the KayDav shares not already owned by
them for a purchase consideration of 30 cents for every one KayDav share held.
Shareholders are advised that the requisite offer circular was posted to
shareholders on Friday, 11 June 2010, and accordingly the offer is now open.
The salient dates of the offer are set out below:
Circular posted to KayDav shareholders Friday, 11 June 2010
Opening date of the offer (09h00) Friday, 11 June 2010
Last day to trade Friday, 2 July 2010
Shares trade "ex" the offer Monday, 5 July 2010
Record date/closing date of the offer (12h00) Friday, 9 July 2010
Results of offer to be announced on Monday, 12 July 2010
SENS
Results of the offer to be announced in the press Tuesday, 13 July 2010
CSDP or broker accounts of Offer consideration
dematerialised Shareholders to be settlements dates, being
updated and credited within 5 every Friday after Friday,
business days of receipt of 11 June 2010 until Friday
acceptance of the offer 16 July 2010
Cheques to be posted to certificated shareholders Offer consideration
who have accepted the offer and submitted their settlement dates, being
documents of title on or before 12h00 on the every Friday after Friday,
closing date 11 June 2010 until Friday,
within 5 business days of receipt of acceptance of 16 July 2010
the offer
Notes:
1. The above dates and times are subject to change. Any changes will be
released on SENS and published in the press.
2. Shareholders may not dematerialise or rematerialise their shares between
the business day after the last day to trade and the record date, both days
inclusive.
3. Dematerialised shareholders are required to notify their CSDP or broker of
the acceptance of the offer by the cut-off time stipulated by their CSDP or
broker in terms of their agreement with their CSDP or broker.
14 June 2010
Sponsor, corporate advisor and legal advisor to KayDav
Java Capital (Proprietary) Limited
Date: 14/06/2010 17:23:02 Produced by the JSE SENS Department.
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