| Fri 28 Sep 2012, 13:15 | | PRETORIA PORTLAND CEMENT COMPANY LD - Finalisation announcement for the PPC BEE transaction |
|
PPC 201209280047A
Finalisation announcement for the PPC BEE transaction
Pretoria Portland Cement Company Limited
Incorporated in the Republic of South Africa
Registration number 1892/000667/06
JSE share code: PPC
ZSE share code: PPC
JSE ISIN: ZAE000125886
(“PPC” or the “Company”)
PROPOSED SECOND PHASE BROAD-BASED BLACK ECONOMIC EMPOWERMENT (“BBBEE”)
TRANSACTION, CANCELLATION OF PPC ORDINARY SHARES HELD BY PPC CEMENT (PROPRIETARY)
LIMITED AND CHANGE OF NAME FINALISATION ANNOUNCEMENT
Introduction
PPC ordinary shareholders (“Shareholders”) are referred to the transaction announcement, dated 12 July
2012, the posting of a circular announcement, dated 20 August 2012 (“circular announcement”) and the
results of general meeting announcement dated 18 September 2012, regarding, inter alia, PPC’s proposed
6.5% BBBEE transaction and the cancellation of the PPC ordinary shares held by PPC Cement (Proprietary)
Limited (collectively, the “Transaction”).
Conditions Precedent
Shareholders are advised that, all conditions precedent to the Transaction have now been fulfilled and the
Transaction will be implemented in accordance with the timetable detailed in the circular announcement
referred to above.
As set out in the circular announcement, it is expected that PPC will trade under a new name “PPC Limited”,
share code “PPC” and ISIN number: ZAE000170049 from commencement of trade on Monday, 8 October
2012.
Sandton
28 September 2012
Joint financial adviser and transaction sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Joint financial adviser
Quartile Capital (Proprietary) Limited
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Legal adviser to PPC
Bowman Gilfillan Inc.
Tax adviser to PPC
DLA Cliffe Dekker Hofmeyr Incorporated
Legal adviser to the Strategic Black Partners
Werksmans Inc
Independent expert
KPMG Services (Proprietary) Limited
Reporting accountants and auditors
Deloitte & Touche
Financial communication adviser
College Hill
Date: 28/09/2012 01:15:00 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.
