| Wed 17 Oct 2007, 14:38 | | DEC - Decillion Limited - Salient Dates And Times |
|
DEC
DEC
DEC - Decillion Limited - Salient Dates And Times
Decillion Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1998/011692/06)
JSE code: DEC & ISIN: ZAE000017612
("Decillion" or "the company")
SALIENT DATES AND TIMES
1. Introduction
Shareholders are referred to the business update released on SENS on 29
September 2005, wherein Decillion announced that it had embarked on a
process to convert its assets into cash, with the objective of delisting
the company in the near future. Shareholders are further referred to the
announcement dated 14 December 2005, regarding the realisation of the
company`s interest in the Agricultural and Commodities Business as well as
the announcement dated 11 August 2006, regarding the disposal of Decillion
Funds Management as well as its Swiss international broking operation.
Subsequently, Decillion announced on SENS on 19 June 2007 that -
- it had entered into an agreement with NUMSA Investment Company
(Proprietary) Limited, inter alia, for the sale of certain of its
assets to Decillion (the "NUMSA Investments transaction");
- it was proposing a consolidation of Decillions ordinary share capital
on a 1-for-100 basis and a subsequent increase in the company`s
authorised share capital to facilitate the NUMSA Investments
transaction; and
- the directors of Decillion had resolved to declare a special
distribution of 16,07 cents per share to Decillion shareholders
("Special Distribution")
(collectively, "the transactions").
This announcement contains the expected salient dates and times in relation
to the aforementioned transactions.
2. Salient dates and times
2007
Circular posted to Decillion ordinary
shareholders on Tuesday, 16 October
Forms of proxy to be received by 10:00
on Wednesday, 7 November
General meeting to be held at 10:00 on Friday, 9 November
Results of the general meeting
released on SENS on Friday, 9 November
Results of the general meeting
published in the press on Monday, 12 November
Last day to trade in Decillion
ordinary shares in order to
participate in Decillion`s share
consolidation on Friday, 30 November
Decillion`s new capital structure
listed on the JSE. Decillion ordinary
shareholders are entitled to trade in
the new Decillion ordinary shares
under the new ISIN of ZAE000108247 on Monday, 3 December
Record date for the Decillion share Friday, 7 December
consolidation on
Operative date of the Decillion share
consolidation on Monday, 10 December
New Decillion ordinary share capital
amended on Monday, 10 December
Holders of dematerialised Decillion
ordinary shares will have their CSDP
or broker accounts updated with their
holding of new Decillion ordinary
shares on Monday, 10 December
New Decillion ordinary share
certificates will be posted to holders
of certificated Decillion ordinary
shares, provided their old Decillion
ordinary share certificates have been
surrendered on or before 12:00 on the
record date (or within five business
days of receipt thereafter) on Monday, 10 December
Last day to trade Decillion ordinary
shares in order to be entitled to
receive the special distribution on Thursday, 13 December
Decillion ordinary shares trade "ex"
the special distribution on Friday, 14 December
Record date for the special
distribution on Friday, 21 December
Payment date of the special
distribution on Monday, 22 December
Notes:
1. The dates and times are subject to amendment. Any such amendment
will be released on SENS and published in the press.
2. All times given in this circular are local times in South Africa.
3. Share certificates in the pre-consolidated Decillion shares may
not be dematerialised or rematerialised after 3 December 2007 and
the post-consolidated shares may not be dematerialised or
rematerialised between Monday, 10 December 2007 and Thursday, 13
December 2007.
3. Circular
A circular, providing full information on the transactions and
incorporating a notice of general meeting was posted to Decillion
shareholders on Tuesday, 16 October 2007. Copies of the circular may be
obtained during normal business hours from the company`s registered office,
5th Floor, Jowell Glyn and Marais House, 72 Grayston Drive, Sandown, 2196
from Tuesday, 16 October 2007 until Friday, 9 November 2007.
Johannesburg
17 October 2007
Investment bank and sponsor
Nedbank Capital
Attorneys
Jowell Glyn & Marais
Date: 17/10/2007 14:38:01 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.
