| Mon 23 Jan 2012, 14:00 | | SALD - Sallies Limited - Results of Fluormin`s offer to acquire Sallies |
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JSE SALD
SAL
SALD - Sallies Limited - Results of Fluormin`s offer to acquire Sallies
debentures
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
JSE Code: SALD ISIN: ZAE000117305
("Sallies" or "the Company")
RESULTS OF FLUORMIN`S OFFER TO ACQUIRE SALLIES DEBENTURES
Debenture holders are advised that as at 17:00 on Friday, 20 January 2012,
being the closing date of the unconditional mandatory offer ("the Offer") by
Fluormin Plc. ("Fluormin") to Sallies debenture holders contained in the
Circular dated 1 November 2011, valid acceptances of the Offer had been
received in respect of 56,492,972 Sallies debentures, representing
approximately 39.16% of the Sallies debentures. 1,593,892 acceptances were
received in respect of the Stock Consideration and 54,899,080 acceptances
were received in respect of the Cash Consideration. Accordingly, and in terms
of the Offer, the cash payment to be made by Fluormin to Sallies debenture
holders will be R27,449,540 and the total number of Fluormin ordinary shares
to be issued to Sallies debenture holders will be 102,950. Pursuant to the
implementation of the Offer the number and percentage of Sallies debentures
held by Fluormin has increased from 83,412,850 (57.83%) prior to the
implementation of the Offer to 139,905,822 (96.99%) post implementation of
the Offer.
23 January 2012
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 23/01/2012 14:00:02 Produced by the JSE SENS Department.
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