SAH - South African Coal Mining Holdings Limited - Court order re mandatory
SAH
SAH
SAH - South African Coal Mining Holdings Limited - Court order re mandatory
offer price
South African Coal Mining Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009012/06)
Share code: SAH ISIN: ZAE000102034
("SACMH" or "the company")
COURT ORDER RE MANDATORY OFFER PRICE
Shareholders are referred to the SENS announcement released on 7 November
2011.
JSW Energy Limited ("JSW" or "the applicant") applied to the South Gauteng
High Court for an order to review and set aside the following Rulings of
the Appeal Committee of the Securities Regulation Panel of 4 April 2011:
(a) that the comparable price to be offered by the applicant to
minority shareholders of SACMH is 38,6 cents per share;
(b) that the applicant pay the costs of the appeal to the Appeal
Committee.
On 22 November 2011 the South Gauteng High Court in an unopposed hearing
granted JSW`s application and issued an order declaring that the comparable
price to be offered to the minority shareholders of SACMH was 30 cents per
share.
The mandatory offer was made at such price, the offer opened on 29 November
2010 and closed on 18 February 2011.
In the light of the Court Order the Takeover Regulation Panel has confirmed
that JSW has complied with all its obligations in terms of the offer.
2 December 2011
Johannesburg
Sponsor
Exchange Sponsors
Date: 02/12/2011 13:37:10 Produced by the JSE SENS Department.
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