| Fri 21 Jul 2006, 16:00 | | Village/ Harmony - Salient dates and times in res |
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HAR VIL
HAPS VIL
Village/ Harmony - Salient dates and times in respect of the offer by
Harmony to Village shareholders
Harmony Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/038232/06)
JSE code: HAR
ISIN: ZAE000015228
("Harmony")
Village Main Reef Gold Mining Company (1934) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1934/005703/06)
JSE code: VIL
ISIN: ZAE000007720
("Village")
Salient dates and times in respect of the offer by Harmony to Village
shareholders
1. Introduction
Shareholders are referred to Harmony"s announcement released on the
Securities Exchange News Service ("SENS") on Wednesday, 21 June 2006,
wherein it was announced that Harmony had acquired 2 292 500 Village
shares from African Rainbow Minerals Limited, at a purchase price of
20 cents per Village share, which equates to 37.8% of the issued share
capital of Village. On Thursday, 22 June 2006, it was further
announced that Harmony had stated its firm intention to make a
mandatory cash offer to Village shareholders, other than Harmony
("minority shareholders"), to acquire their Village shares at a price
of 20 cents per Village share ("the offer").
The acquisition of Village shares from the minority shareholders is to
be implemented in terms of the Companies Act, 1973 (Act 61 of 1973),
as amended ("the Act") and the Securities Regulation Panel ("SRP")
Code. Shareholders are advised that should Harmony acquire nine-tenths
of the Village shares, which it does not already own, under the offer,
it does not intend invoking the provisions of section 440K of the Act
to acquire the Village shares of those minority shareholders who do
not accept the offer.
This announcement contains the salient dates and times in relation to
the offer.
2. Salient dates and times
The expected dates and times pertaining to the offer are set out
below:
The offer 2006
Offer opens at 09:00 Friday, 21 July
Last day to trade in Village shares on Thursday, 3 August
the JSE Limited ("JSE") in order to be
eligible to participate in the offer
Village shares trade "ex" the offer Friday, 4 August
Record date to participate in the offer Friday, 11 August
Closing date of the offer at 12:00 Friday, 11 August
Results of the offer released on SENS Monday, 14 August
Results of the offer published in the Tuesday, 15 August
South African press
Notes:
1. Any changes to the above dates and times will be released on SENS
and published in the South African press.
2. All times given in this announcement are local times in South
Africa.
3. Share certificates may not be dematerialised or rematerialised
between Friday, 4 August 2006 and Friday, 11 August 2006 (both
days inclusive).
4. The offer consideration will be posted or transferred at the risk
of such offer participant by no later than five business days of
the:
4.1 receipt of the valid form of acceptance, surrender and
transfer together with the relevant document(s) of title,
provided that such acceptances have been received before
12:00 on the closing date; or
4.2 receipt of a valid acceptance by the transfer secretary and
dealt with in terms of the custody agreements entered into
between the offer participants and his broker, as the case
may be.
3. Circular
A circular, which has been approved by the SRP and the JSE, providing
full information on the offer and incorporating a form of acceptance,
surrender and transfer will be posted to Village shareholders today,
Friday 21 July 2006. This circular is available in English only and
additional copies may be obtained from the registered offices of
Harmony at First Floor, 4 The High Street, Melrose Arch, 2196 and
Village at ARM House, 29 Impala Road, Chislehurston, Sandton, 2196.
Sandton
21 July 2006
Sponsor to Harmony Investment Bank and Sponsor to Village
Merrill Lynch Nedbank Capital
Legal advisor to Harmony
Cliffe Dekker Inc.
Date: 21/07/2006 04:00:18 PM Produced by the JSE SENS Department
