TMT - Trematon Capital Investments Limited - Results of the scheme of
TMT
TMT
TMT - Trematon Capital Investments Limited - Results of the scheme of
arrangement
Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Company")
* RESULTS OF THE SCHEME OF ARRANGEMENT IN TERMS OF SECTION 311 OF THE
COMPANIES ACT 61 OF 1973, AS AMENDED ("THE SCHEME") BETWEEN TREMGROWTH
(PROPRIETARY) LIMITED ("TREMGROWTH"), A WHOLLY OWNED SUBSIDIARY OF TREMATON
AND THE SHAREHOLDERS OF CLUB MYKONOS LANGEBAAN LIMITED ("CML")
* VOLUNTARY ANNOUNCEMENT
In a detailed Sens announcement dated 7 June 2010 Trematon announced a firm
intention by Tremgrowth to make an offer to shareholders of Club Mykonos
Langebaan Limited ("CML") by way of the scheme.
Tremgrowth proceeded with the offer by way of the scheme and the scheme meeting
was held on 29 July 2010. The scheme was passed with the requisite majority and
the scheme was sanctioned by the Court on 19 August 2010 and the Order of Court
lodged and registered by the Companies and Intellectual Properties Registration
Office in terms of the Companies Act.
The outcome of the scheme of arrangement is as follows:
6 766 CML shareholders holding a total of 16 682 694 shares elected (or are
deemed to have elected) the cash consideration of R2.00 per share in terms of
the scheme. As a result of such election Tremgrowth now holds 81.7% of the
issued share capital of CML (the previous holding was 34.6%).
The increased holding and the outright control of CML is expected to improve the
ability of the CML board to make beneficial long-term strategic decisions.
This is a voluntary announcement in terms of the JSE Listings Requirements.
Cape Town
23 September 2010
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Attorneys to the Scheme
Bernadt Vukic Potash & Getz
Date: 23/09/2010 10:22:01 Produced by the JSE SENS Department.
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