| Wed 30 Jun 2010, 13:58 | | VLE - Value Group Limited - Revised timetable for the proposed Black Economic |
|
VLE
VLE
VLE - Value Group Limited - Revised timetable for the proposed Black Economic
Empowerment ("BEE") transaction and pro rata voluntary share repurchase offer
Value Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/002203/06)
Share code: VLE ISIN: ZAE000016507
("Value Group")
REVISED TIMETABLE FOR THE PROPOSED BLACK ECONOMIC EMPOWERMENT ("BEE")
TRANSACTION AND PRO RATA VOLUNTARY SHARE REPURCHASE OFFER
Further to the announcement released on SENS on 28 May 2010 and published in the
press on 29 May 2010 regarding the proposed BEE transaction and pro rata
voluntary share repurchase offer ("repurchase offer"), Value Group shareholders
are hereby informed that the circular to Value Group shareholders will be posted
on Thursday, 1 July 2010.
In addition, Value Group shareholders should note the revised salient dates and
times below:
2010
Circular and notice of general meeting posted to Value Thursday, 1 July
Group shareholders, on
Repurchase offer opens 9:00, on Friday, 2 July
Last day to lodge proxy forms for general meeting (by Thursday, 22 July
10:00), on
Letters of authority to be issued by the Master of the
High Court of South Africa to the first trustees of Thursday, 22 July
the Value Group Empowerment Trust no later than, on*
General meeting to be held at 10:00, on Friday, 23 July
Results of general meeting released on SENS, on Friday, 23 July
Results of general meeting published in the press, on Monday, 26 July
Registration of Special Resolutions by Registrar of Wednesday, 4 August
Companies, on
Finalisation announcement, no later than 11:00 am, Thursday, 5 August
on**
Public holiday Monday, 9 August
List new Value Group ordinary shares issued in terms
of the BEE transaction on the JSE, on Tuesday, 10 August
Last day to trade to participate in repurchase offer, Friday, 13 August
on
Value Group ordinary shares trade ex repurchase offer Monday, 16 August
Record date for the repurchase offer, on Friday, 20 August
Last date to lodge forms of acceptance and surrender Friday, 20 August
by 12:00, on
Repurchase offer closes at 12:00, on Friday, 20 August
Results of repurchase offer released on SENS, on Monday, 23 August
Repurchase offer consideration posted or cash
electronically transferred to certificated Monday, 23 August
shareholders, on
Accounts held with CSDP/broker credited and updated in
respect of the repurchase offer consideration to Monday, 23 August
dematerialised shareholders, on
* Date on which letters of authority are to be issued to the first trustees
of the Value Group Empowerment Trust by the Master of the High Court of
South Africa Should this date change, an amended timetable will be published
in SENS and in the press.
**Finalisation date. Should this date change, an amended timetable will be
published on SENS and in the press.
Share certificates may not be dematerealised or rematerialised between
Monday,16 August 2010 and Friday, 20 August 2010, both days inclusive.
By order of the board.
Johannesburg
30 June 2010
Sponsor Reporting accountants Attorneys to Value Group
Investec Charles Orbach & Company Bowman Gilfillan Inc.
Corporate advisor Attorneys to Phosa SPV Independent Professional
Expert
Charles Orbach & Brian Kahn Inc. Mazars Corporate Finance
Company Corporate (Pty) Ltd
Finance (Pty) Ltd
Date: 30/06/2010 13:58:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
