| Thu 5 Jul 2012, 9:30 | | Village Main Reef GM Co - Revised salient dates in respect of special cash dividend |
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VIL
Revised salient dates in respect of special cash dividend
VILLAGE MAIN REEF LIMITED
(Incorporated in the Republic of South Africa)
(formerly known as Village Main Reef Gold Mining Company (1934) Limited)
(Registration number 1934/0057034/06)
Share Code: VIL ISIN: ZAE000154761
("Village")
REVISED SALIENT DATES IN RESPECT OF SPECIAL CASH DIVIDEND
Village refers its shareholders to the announcement released by Village on SENS on 21 June 2012, in relation to a special cash dividend.
Village also refers its shareholders to the announcement released by First Uranium Corporation (FIU) on SENS on 4 July 2012, in relation to an update on the sale of Mine Waste Solutions (Proprietary) Limited (MWS) to Anglogold Ashanti Limited (the AGA Transaction) (the FIU announcement), which announcement effects the timing of the special cash dividend.
As per the FIU announcement, the Closing Date, as defined therein, of the AGA Transaction occurred on 3 July 2012. FIU has been advised that the AGA Transaction is expected to be implemented by 24 July 2012 or an earlier date depending on the date the Discharge Documents, as defined therein, are registered. It is only upon implementation of the AGA Transaction that Village will receive the full face value of its Secured Convertible Rand Denominated Notes in MWS (Rand Notes), which will enable its payment of the special cash dividend.
Shareholders are therefore advised that the salient dates in respect of the special cash dividend have been revised as per the timetable set out below, effectively delaying payment of the dividend by some two weeks from the originally announced date.
Shareholders are further advised that the timetable set out below may be affected by any further delays in implementation of the AGA Transaction and thus the settlement of the Rand Notes. Any amendments to the dates set out below will be published over SENS.
2012
Expected date of implementation of the AGA Transaction Tuesday, 24 July
Last date to trade cum distribution Friday, 27 July
Shares trade ex distribution Monday, 30 July
Record date Friday, 3 August
Payment date Monday, 6 August
Share certificates may not be dematerialised or rematerialised between Monday, 30 July 2012 and Friday, 3 August 2012, both dates inclusive.
4 July 2012
Sponsor
Java Capital
Media and Investor Relations
Vestor
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