| Thu 2 Dec 2010, 11:57 | | SBG - Simeka Business Group Limited- Proposed Change of Name |
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SBG
SBG
SBG - Simeka Business Group Limited- Proposed Change of Name
SIMEKA BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: SBG ISIN code: ZAE000074878
("Simeka" or "the company")
PROPOSED CHANGE OF NAME
Shareholders are advised that the board of directors of Simeka proposes that the
name of the company be changed from "Simeka Business Group Limited" to "Morvest
Business Group Limited".
The company`s short name will change from "Simeka" to "Morvest", the share code
will change from "SBG" to "MOR" and the ISIN will change from "ZAE000074878" to
"ZAE000152567".
The reason for the change of name is amongst others to address the ongoing
confusion in the market with another company, Simeka Holdings, which has
interests in a number of unlisted and listed companies.
The change of name is subject to approval by shareholders at the general meeting
to be held on 18 January 2011.
The salient dates and times in regard to the proposed change of name are:
2010
Circular posted to shareholders 2 December
2011
General meeting at 11h00 on Tuesday, 18 January
Results of the general meeting released Tuesday, 18 January
on SENS on
Finalisation announcement on or before Friday, 25 February
Last day to trade under old name Friday, 4 March
Change of name effective from Monday, 7 March
commencement of trading under the JSE
Code: MOR and ISIN: ZAE000152567 on
List and trade new shares in the new name Monday, 7 March
from commencement of trading on JSE
Record date in respect of the change of Friday, 11 March
name
Issue to certificated shareholders of new Monday, 14 March
share certificates, posting of share
certificates to those shareholders who
have submitted their share certificates
and forms or surrender on or before 12:00
on the record date. Share certificates
and forms of surrender received after
12:00 on the record date will have their
new certificates posted within five days
of receipt of surrender and in respect of
dematerialised shareholders` CSDP and
broker accounts updated on
02 December 2010
Designated Advisor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 02/12/2010 11:57:01 Produced by the JSE SENS Department.
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