| Mon 19 Jun 2006, 13:14 | | Sun International Limited - Implementation and Res |
|
SUI
SUI
Sun International Limited - Implementation and Results Of The Odd-Lot Offer
SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN:ZAE000070678
("Sun International")
IMPLEMENTATION AND RESULTS OF THE ODD-LOT OFFER
1. Implementation of the odd-lot offer
Shareholders are advised that the odd-lot offer to shareholders who held
less than 100 ordinary shares in Sun International at the close of business
on Thursday, 15 June 2006 ("odd-lot holders") has been implemented.
2. Results of the odd-lot offer
2.1 The total number of ordinary shares relating to those odd-lot holders
who elected to sell or were deemed to have sold their odd-lot holdings
is 148 117. These ordinary shares were purchased by Sun International
at R88,97 per share (being the offer price of R84,73 per share plus a
5% premium) for a total consideration of R13 177 969. These shares
will be cancelled, delisted and restored to the status of authorised
share capital.
2.2 6 177 ordinary shares were issued by Sun International at an issue
price of R84,73, to those shareholders who elected to subscribe for
additional ordinary shares to increase their shareholdings to 100
ordinary shares.
2.3 The total number of ordinary shares which continue to be held by odd-
lot holders who elected to retain their odd-lot holdings is 7 199.
2.4 As a result of the implementation of the odd-lot offer, the number of
shareholders has been reduced by 4 261, and the total number of shares
in issue has been reduced by 141 940 to 117 718 007.
3. Odd-lot holders who hold certificated shares
3.1 Cheques and electronic transfers in respect of the sale of odd-lot
holdings will be posted by ordinary post to the relevant odd-lot
holders or effected on or about Monday, 19 June 2006 respectively ,
except for certificated odd-lot holders who failed to make an election
and were therefore deemed to have sold their odd-lot holdings, in
which case the money owing to them will be held on their behalf until
such odd-lot holders have surrendered their documents of title in
accordance with the provisions set out in 3.2 below.
3.2 Certificated odd-lot holders who failed to make an election and were
therefore deemed to have sold their odd-lot holdings are reminded that
in order for payment in respect of the sale of their odd-lot holdings
to be effected they are required to surrender their documents of title
to the transfer secretaries, Computershare Investor Services 2004
(Proprietary) Limited, Ground Floor, 70 Marshall Street, Johannesburg,
2001or to PO Box 61763, Marshalltown, 2107. These odd-lot holders are
also reminded that their documents of title are no longer good for
trading after Thursday, 15 June 2006 and will have no value other than
to receive the proceeds of the sale of their odd lot holdings of
R88,97 per share upon surrender.
3.3 In respect of those odd-lot holders who hold certificated shares and
who elected to subscribe, and pay, for additional ordinary shares, new
share certificates reflecting the additional shares acquired will be
posted by registered post at the risk of such odd-lot holder on or
about Monday, 19 June 2006.
4. Odd-lot holders who hold dematerialised shares
Any movement in the number of ordinary shares held and amounts
payable/receivable by an odd-lot holder who has dematerialised his/her
shares, as a result of the implementation of the odd-lot offer, will be
updated automatically and debited/credited in the odd-lot holders account
with the Central Securities Depository Participant or broker selected by
that odd-lot holder on or about Monday, 19 June 2006.
Sandton
19 June 2006
Investment Bank Sponsor
Investec Corporate Finance Investec Bank Limited
Corporate Law adviser
Edward Nathan
Date: 19/06/2006 01:14:03 PM Produced by the JSE SENS Department
