MTA: METAIR INVESTMENTS LIMITED - Initiation of t*
MTA: METAIR INVESTMENTS LIMITED - Initiation of the squeeze-out transaction pursuant to the MTO transaction
MTA: METAIR INVESTMENTS LIMITED - Initiation of the squeeze-out transaction pursuant to the MTO transaction
Initiation of the squeeze-out transaction pursuant to the MTO transaction
Metair Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1948/031013/06
Share code: MTA
ISIN: ZAE000090692
("Metair")
INITIATION OF THE SQUEEZE-OUT TRANSACTION PURSUANT TO THE MTO TRANSACTION
Shareholders of Metair ("Shareholders") are referred to the announcement published by Metair on
12 March 2014 on the JSE Limited´s Stock Exchange News Service ("SENS") regarding the closing of
a mandatory tender offer ("MTO") to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii
Anonim Sirketi ("Mutlu Aku") ("MTO Transaction") and 14 July 2014 regarding the commencement
of the implementation of a squeeze out transaction, pursuant to which Metair Aku Holding A.S
("Metair Aku") shall acquire all the remaining shares in Mutlu Aku ("Squeeze Out").
Since the application by Metair Aku to implement the Squeeze Out, the applicable legislation has
been amended. Pursuant to these legislative changes, Mutlu Aku is required to and has started
accepting applications from its minority shareholders willing to exercise their sell right until
12 February 2015. Implementation of the Squeeze Out will be delayed until this process has been
concluded.
After 12 February 2015, Metair Aku will implement the Squeeze Out, pursuant to which Metair Aku
shall acquire all the remaining shares in Mutlu Aku it does not already own and Mutlu Aku will become
a wholly-owned subsidiary of Metair.
Johannesburg
18 December 2014
Sponsor: One Capital
Date: 18/12/2014 05:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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2014-12-18 17:16:00 Source: JSE News Service (SENS)
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