MUSTEK LIMITED - Delisting from the Taiwan Stock Exchange
MST
Delisting from the Taiwan Stock Exchange
MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share Code: MST
ISIN Code: ZAE 000012373
(?Mustek? or ?the Company?)
DELISTING FROM THE TAIWAN STOCK EXCHANGE
Shareholders are hereby advised that the last day to trade in the Taiwan Depository Receipts
(?TDR?s?) currently trading on the Taiwan Stock Exchange (?TWSE?) will be 27 August 2012
whereafter the TDR?s will be delisted. Depositary receipt holders are encouraged to either convert
their TDR?s into shares or dispose of their TDR?s before this date.
The delisting of the 1 852 001 TDR?s will not have an effect on the company?s issued share capital as
each TDR is currently represented by a share listed on the JSE Limited registered in the name of the
Custodian Bank.
The board decided to delist from the TWSE after the TWSE revised the delisting standards for TDR?s
in Article 50-3 of the TWSE?s Operating Rules. The revised Rules provide that, if, for 3 consecutive
months the number of outstanding TDR?s has been less than 10 million, or the market value of the
TDRs is less than NT$300 million, and the TDR issuer does not complete an issue of additional units
within 3 months, the TSE may on written notice delist the TDR?s.
In making its decision, the board considered various factors, including:
* the costs associated with the listing such as listing fees, translation costs, publication costs,
audit fees and printing costs;
* the liquidity of the TDR?s;
* the current share price and the potential dilution if more TDR?s were to be issued;
* the ability to raise capital on the TWSE;
* the potential impact the delisting might have on the company?s reputation; and
* the fact that the company will be able to publish its results sooner as no translation of its
results will be required.
Midrand
18 July 2012
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 18/07/2012 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
