| Tue 12 Jun 2012, 17:41 | | PBT - PBT Group Limited - Reverse Listing Change of Company Name and Salient |
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PBT
PBT
PBT - PBT Group Limited - Reverse Listing, Change of Company Name and Salient
dates
PBT Group Limited
Incorporated in the Republic of South Africa
Registration number: 1936/008278/06
Share Code: PBT ISIN: ZAE000149712
("PBT" or "the Company")
REVERSE LISTING, CHANGE OF COMPANY NAME AND SALIENT DATES
1 Introduction
Further to the announcement dated 11 June 2012 and the relevant preceding
announcements regarding PBT entering into an agreement to acquire the entire
issued ordinary share capital of Prescient ("the agreement"), whereby PBT will
acquire Prescient for a total purchase consideration of R 1,590,689,068 to be
settled through an issue of additional PBT ordinary shares at R1.35 each to the
respective Prescient shareholders ("the transaction"), resulting in the reverse
listing of Prescient. PBT shareholders are advised that the circular referred to
therein has been posted to shareholders and is available on the PBT website at
http://www.pbtgroup.co.za and the Prescient website at www.prescient.co.za.
Upon the implementation of the transaction, processes will be put in place to
change the name of the Company to Prescient Limited. The circular also contains
the following:
* the adoption of a new Memorandum of Incorporation;
* conversion of share capital to no par value shares;
* increase of the authorised share capital;
* specific issue of shares for cash; and
* the proposed change of name from "PBT Group Limited" to "Prescient
Limited";
2 Reason for the proposed name change
The rationale for the change of name is to more appropriately reflect the
profile and future strategy of the Company.
3 New details of the company
The Company`s new details will be as follows:
Current details New details
Name PBT Group Limited Prescient Limited
JSE share code PBT PCT
JSE short name PBT PRESCIENT
ISIN ZAE000149712 ZAE000163531
4 Important dates and times
2012
Circular and notice of general meeting posted to Monday, 11 June
shareholders on
Last day to trade in order to be eligible to
participate and vote at the general meeting on Friday, 22 June
Record date in order to participate and vote at the Friday, 29 June
general meeting
Last day for lodging forms of proxy at 12:00 on Friday, 6 July
General Meeting held at 12:00 on Tuesday, 10 July
Results of the general meeting released on SENS on Tuesday, 10 July
Expected date of registration of special Wednesday, 25 July
resolutions at CIPC by no later than close of
business on
Finalisation announcement released on SENS Thursday, 26 July
Finalisation announcement published in press Friday, 27 July
Last day to trade shares under the present share
capital and under the current name in order to be
recorded as a shareholder by the record date on Thursday, 2 August
Trading in shares under the new share capital and
new name commences on Friday, 3 August
Record date for determining those shareholders
whose shares will be subject to the name change on Friday, 10August
Forms of surrender for new certificates to be
received by the transfer secretaries by 12:00 on
record date in order for new certificates Monday, 13 August
reflecting the consolidation and name change to be
posted on
Dematerialised shareholders will have their
accounts at their CSDP or broker updated on Monday, 13 August
Notes:
1 PBT shares may not be dematerialised or rematerialised between Friday,
3 August 2012 and Friday, 10 August 2012.
2 The above dates and times are subject to change. Any changes will be
released on SENS and published in the press.
3 Posting of all new share certificates to certificated shareholders will be
made on or about one business day after the Record Date, if the share
certificates have been surrendered by 12:00 on record date or within
5 business days of receipt thereafter.
4 The following dates are subject to confirmation from CIPC of the
registration being received in terms of the above dates and may vary
depending thereon.
Cape Town
12 June 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 12/06/2012 17:41:01 Produced by the JSE SENS Department.
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