| Wed 15 Dec 2010, 11:06 | | GEN - General - Kansai Paint Co - Posting of offer circular by Kansai in respect |
|
JSE
GEN
GEN - General - Kansai Paint Co - Posting of offer circular by Kansai in respect
of its cash offer to acquire all the issued shares of Freeworld Coatings Limited
("Freeworld"), not already owned by Kansai at R12 per share
Kansai Paint Co.
(Incorporated in Japan)
(Registration number 1402-01-001093)
(Tokyo Stock Exchange share code: 4613)
(ISIN: JP3229400001)
("Kansai")
Posting of offer circular by Kansai in respect of its cash offer to acquire all
the issued shares of Freeworld Coatings Limited ("Freeworld"), not already owned
by Kansai at R12 per share
1. POSTING OF CIRCULAR
The shareholders of Freeworld are referred to Kansai`s announcement, dated 13
December 2010, that it had delivered a letter to the board of directors of
Freeworld stating its firm intention to make a cash offer ("Offer") to acquire
all the issued and to be issued shares of Freeworld not already owned by Kansai
("Target Shares") at a price of R12.00 per Target Share.
The shareholders of Freeworld are further advised that today, on 15 December
2010, Kansai is posting the offer circular containing the detailed terms and
conditions of its Offer to Freeworld shareholders ("Circular").
Copies of the Circular may also be obtained from Newman Lowther & Associates
(Pty) Ltd. (located at The Oval, Kildare House, 1 Oakdale Road, Newlands, Cape
Town), Bowman Gilfillan Inc. (located at 165 West Street, Sandton, Johannesburg)
and Link Market Services South Africa (Pty) Ltd. (located at 16th Floor, 11
Diagonal Street, Johannesburg), or can be downloaded from
www.kansai.co.jp/global_site/ir/offer_documents/index.html.
2. DIRECTORS` RESPONSIBILITY STATEMENT
The board of directors of Kansai, having considered all information contained in
this announcement, accepts full responsibility for the accuracy of such
information and certifies that, to the best of its knowledge and belief (having
taken all reasonable care to ensure that this is the case), the information
contained in this document is in accordance with the facts and that nothing that
is likely to affect the import of this information has been omitted.
3. RESTRICTIONS ON SALE AND TRADE
Offerees are advised that, should they notify their CSDPs or brokers, as the
case may be, of their acceptance of the Offer in the case of dematerialised
shareholders, or should they surrender documents of title of their Freeworld
shares and accept the Offer, in the case of certificated shareholders, on or
before the closing date of the Offer (as such date is defined in the Circular),
or any revised closing date, they are not permitted to sell or trade such shares
until the date the contract of sale and purchase contemplated by the Offer does
not come into effect due to the conditions not being fulfilled and, in the case
of certificated shareholders, the documents of title are returned.
Enquiries
Kansai
Nauman Malik
Head of Corporate Strategy
+603 3341 5333
Nomura
Andrew McNaught
+44 (0)207 102 3475
Jason Hutchings
+44 (0)207 102 1699
Newman Lowther & Associates
Jan Newman
+27 (0)21 673 7000
Ben Lowther
+27 (0)21 673 7000
Financial Dynamics
Grant Henry, +27 (0)11 214 2406 or +27 (0)82 561 7172
Ravin Maharaj, +27 (0)11 214 2410 or +27 (0)83 447 5158
Financial advisors
NOMURA
NEWMAN LOWTHER & ASSOCIATES
Legal advisors
BOWMAN GILFILLAN
PR advisors
FD
Date: 15/12/2010 11:06:02 Produced by the JSE SENS Department.
