| Tue 13 Jul 2010, 15:33 | | KDV - Kaydav Group Limited - Results of the unconditional mandatory cash offer |
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KDV
KDV
KDV - Kaydav Group Limited - Results of the unconditional mandatory cash offer
to Kaydav shareholders
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV ISIN: ZAE000108940
("KayDav" or "the company")
RESULTS OF THE UNCONDITIONAL MANDATORY CASH OFFER TO KAYDAV SHAREHOLDERS
KayDav shareholders are referred to the circular dated 11 June 2010 ("the
circular") containing details of the unconditional mandatory cash offer by
collectively The Davidson Family Trust, Gary Davidson, Katzgold Trading &
Investments (Proprietary) Limited, Classic International Impex (Proprietary)
Limited and The David Brouze Trust, jointly and severally, ("the offerors") to
KayDav shareholders to acquire all of their KayDav ordinary shares that the
offerors did not already own for a cash consideration of 30 cents for every 1
KayDav ordinary share held ("the offer").
The offer closed on Friday, 9 July 2010 ("the closing date") and acceptances
in respect of 283,986 KayDav ordinary shares, comprising 0.15% of the issued
share capital of the company, were received by the offerors.
As was published in the circular, The Davidson Family Trust and Gary Davidson
("the Davidsons") undertook to acquire any and/or all of the KayDav ordinary
shares sold under the offer.
Accordingly, The Davidsons` shareholding in KayDav has increased from
68,228,971 KayDav ordinary shares (equal to 36.96%) of the issued ordinary
share capital of KayDav) to 68,512,957 KayDav ordinary shares (equal to 37.12%
of the issued ordinary share capital of KayDav on the closing date).
The remaining offerors` shareholdings in KayDav on the closing date are as
follows:
- Katzgold Trading & Investments (Proprietary) Limited holds no KayDav
ordinary shares, having sold its entire shareholding comprising 38.93% of
the issued ordinary share capital of KayDav to The David Brouze Trust
(the "Katzgold sale"), as was disclosed in the circular;
- The David Brouze Trust holds 38.93% of the issued ordinary share capital
of KayDav as a result of the Katzgold sale; and
- Classic International Impex (Proprietary) Limited holds 1.37% of the
entire issued ordinary share capital of KayDav.
13 July 2010
Sponsor
Java Capital
Date: 13/07/2010 15:33:01 Produced by the JSE SENS Department.
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