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MTE MSS
MTE MSS
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MTE/MSS - Monteagle/Marshalls - Further closing date of the offer
Marshall Monteagle Holdings Societe Anonyme
(formerly "Monteagle Holdings Societe Anonyme")
(Incorporated in Luxembourg R.C. Luxembourg No. B19600)
Share codes: MTE
ISIN number: ISIN: LU0035797272
("Monteagle")
Marshalls Limited
(Incorporated in the Republic of South Africa)
Registration number 1987/002656/06)
Share code: MSS
ISIN number: ZAE000066684
("Marshalls")
FURTHER CLOSING DATE OF THE OFFER
Marshalls shareholders are referred to the announcements published on 23
February 2007 and 8 March 2007 and the circular posted to Marshalls
shareholders on 8 March 2007 in regard to an offer by Monteagle to acquire
the 93,9% of the issued ordinary share capital of Marshalls that Monteagle
does not already own.
Prior to the opening of the offer Monteagle held 1,051,940 ordinary shares
in Marshalls, being approximately 6.1% of the current issued ordinary
shares of Marshalls.
At 12h00 on Thursday, 29 March 2007 Marshalls shareholders are advised that
Monteagle had received acceptances in respect of 61,3% or 10 652 183 of the
total number of issued ordinary shares in the capital of Marshalls. Should
Monteagle waive the 90% condition, at this stage Monteagle`s holding in
Marshalls will increase to 67,4% or 11 704 123 shares in Marshals ordinary
issued share capital.
Notice is hereby given that the closing date of the offer has been extended
to 12h00 on Friday, 20 April 2007 to allow Marshall`s shareholders who have
not already done so the further opportunity to accept the offer.
AMENDED SALIENT DATES
Last day to trade in the Marshalls Shares Friday 13 April
Shares trade "ex" the Offer Monday 16
April
Record date for participating in the Offer Friday 20 April
Notes:
1. The above dates and times are subject to change. Any changes will be
released on SENS and published in the press.
2. Shareholders may not dematerialise or rematerialise their shares
between Monday 16 April 2007 and Friday 20 April 2007, both days
inclusive.
CONDITIONS PRECEDENT THAT REMAIN OUTSTANDING
The Offer will be subject to the fulfilment or waiver, as allowed, of the
following conditions precedent by no later than Friday, 30 March 2007,
provided that Monteagle shall be entitled to extend this date by up to 60
days on or any time before Friday, 30 March 2007:
- Monteagle receiving acceptances of the Offer in respect of not less than
90% (or such lower percentage as Monteagle may notify Marshalls
Shareholders) of the issued shares in Marshalls, other than shares held by
Monteagle on the Friday 30 March 2007;
- the approval of the Acquisition by the Monteagle shareholders at their
Extraordnary General Meeting to be held on 30th March 2007;
Monteagle shall have the right to waive the condition regarding minimum
acceptances on written notice to Marshalls. Monteagle will advise Marshalls
Shareholders of any such waiver by way of an announcement released on SENS
and published in the South African press.
All other terms and conditions of the offer remain extant.
Durban
29 March 2007
Sponsor and corporate advisor to Marshalls and Monteagle
Imara Corporate Finance South Africa (Pty) Ltd
Date: 31/03/2007 13:44:50 Produced by the JSE SENS Department.
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