| Tue 18 Jan 2011, 12:45 | | MOB - Mobile Industries Limited - Finalisation announcement |
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MOB TRE
MOB
MOB - Mobile Industries Limited - Finalisation announcement
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1968/014997/06)
Share code: MOB
ISIN: ZAE000091435
("Mobile")
FINALISATION ANNOUNCEMENT
Mobile shareholders ("Shareholders") are referred to the circular to
Shareholders dated Monday, 22 November 2010 ("Circular") and the announcements
by Mobile released on the Securities Exchange News Service ("SENS") on Monday,
22 November 2010 and Tuesday, 14 December 2010, and are advised that the special
resolutions relating to the unbundling, as detailed in the Circular, were
registered by the Companies and Intellectual Property Registration Office on
Wednesday, 12 January 2011.
Accordingly, Shareholders are advised that all conditions precedent to the
unbundling have been fulfilled and that the unbundling will be implemented in
accordance with the timetable contained in the Circular and as summarised in the
table below:
2011
Last day to trade in Mobile shares on the JSE Friday, 28 January
to participate in the unbundling
Mobile shares trade "ex" their entitlement to Monday, 31 January
Trencor shares received by Shareholders pursuant to
the unbundling
Shareholders commence trading their unbundled Monday, 31 January
Trencor Limited ("Trencor") shares (the JSE share
code for Trencor will remain "TRE" and the ISIN
will remain ZAE000007506)
Unbundling record date Friday, 4 February
Announcement of apportionment of cost for Monday, 7 February
taxation/base cost for capital gains tax purposes
on or about
Dematerialised Shareholders will have their Monday, 7 February
accounts with their CSDP or broker updated with the
unbundled Trencor shares on
Share certificates in respect of the unbundled Monday, 7 February
Trencor shares will be posted, by registered post,
at the risk of the certificated Shareholders
concerned on or about
Note:
No dematerialisation or re-materialisation of Mobile share certificates may take
place between Monday, 31 January 2011 and Friday, 4 February 2011, both days
inclusive.
Based on 86 695 758 Trencor shares held by Mobile and 1 068 039 676 Mobile
shares in issue, Shareholders who are recorded in the register at the close of
business on Friday, 4 February 2011 will receive 8,117 Trencor shares for every
100 Mobile shares held ("Entitlement Ratio"). If the application of the
Entitlement Ratio would result in the number of Trencor shares to be distributed
to any Shareholder not being a whole number, the relevant fraction will be
rounded up to the nearest whole number if the fraction is equal to or greater
than 0,5 of a Trencor share; or rounded down to the nearest whole number if the
fraction is less than 0,5 of a Trencor share.
By order of the board of directors
Mobile Industries Limited
Cape Town
18 January 2011
Investment bank and Corporate law adviser Sponsor
transaction sponsor
Investec Bank Limited Edward Nathan Rand Merchant Bank (A
Sonnenbergs Inc. division of FirstRand Bank
Limited)
Date: 18/01/2011 12:45:03 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.
