| Fri 25 Mar 2011, 12:57 | | VIL - Village Main Reef Limited - Results of general meeting and revised salient |
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VIL
VIL
VIL - Village Main Reef Limited - Results of general meeting and revised salient
dates and times
Village Main Reef Limited
(formerly Village Main Reef Gold Mining Company (1934) Limited)
Incorporated in the Republic of South Africa
(Registration Number 1934/005703/06)
Share code on the JSE: VIL
ISIN: ZAE000154761 ("Village" or the "company")
RESULTS OF GENERAL MEETING AND REVISED SALIENT DATES AND TIMES
Shareholders of Village are advised that, at the company`s general meeting held
on Friday, 25 March 2011, all of the resolutions set out in the notice of
general meeting (which formed part of the circular to shareholders dated
Wednesday, 2 March 2011) were passed by the requisite majority of shareholders
present and voting or represented by proxy.
The special resolutions will be submitted to the Companies and Intellectual
Property Registration Office for registration in due course.
CEO of Village, Bernard Swanepoel commented, "We are thrilled with the strong
support received from both sets of shareholders in favour of the transaction.
This support bodes well as we endeavor to create value out of the enlarged
Village entity".
REVISED SALIENT DATES AND TIMES
Set out below are the revised salient dates and times in relation to the
Proposed Transaction and Unbundling which have been revised as a result of the
market notice issued by the JSE Limited on 18 March 2011 regarding the public
holiday on 18 May 2011.
Salient dates and times in relation to the Proposed Transaction
General Meeting in respect of the Proposed Transaction Friday, 25 March 2011
(at 10:00)
Results of General Meeting released on SENS Friday, 25 March 2011
Results of General Meeting published in the press Monday, 28 March 2011
Expected Pay date (Consideration Shares issued to Wednesday, 11 May 2011
Simmers)3
Salient dates and times in relation to the Unbundling, which will only impact
shareholders of Simmers and which have been disclosed here for completeness
Expected finalisation date and announcement pertinent to Thursday, 5 May 2011
the unbundling published on SENS and in the press3
Expected Last Day to Trade in Simmers shares on the JSE Thursday, 12 May 2011
in order to participate in the unbundling3
Expected list date of Consideration Shares Friday, 13 May 2011
Expected Unbundling Record Date in order to participate Friday, 20 May 2011
in the Unbundling3
Expected date for Consideration Shares to be unbundled to
Simmers shareholders3 Monday, 23 May 2011
Notes:
- All times indicated above are local times in South Africa.
- The dates and times indicated in the table above are subject to change. Any
such changes will be released on SENS and published in the press.
- Based on the assumption that all of the conditions precedent to the
Proposed Transaction are fulfilled or waived by 1 May 2011.
- As the salient dates and times are subject to change, they may not be
regarded as consent or dispensation for any time periods which may be
required in terms of the Securities Regulation Code on Take-overs and
Mergers where applicable, and any such consents or dispensations must be
specifically applied for, and granted.
Bryanston
25 March 2011
JSE Sponsor
Macquarie First South Advisers (Pty) Limited
Financial adviser to Village
J.P. Morgan
Financial adviser to Simmers and deal originator
Sovereignty Capital
Legal adviser to Village
Cliffe Dekker Hofmeyr Inc
Legal adviser to Village
Werksmans Inc
Media and Investor relations to Village
Vestor Media & Investor Relations
Louise Brugman
Date: 25/03/2011 12:57:00 Produced by the JSE SENS Department.
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