| Tue 10 Oct 2006, 17:21 | | Redefine/ Spearhead - Salient dates |
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SPE RDF
SPE RDF
Redefine/ Spearhead - Salient dates
Redefine Income Fund Limited
(Registration No. 1999/018591/06)
Share Code: RDF & ISIN Code: ZAE000023503
("Redefine")
Spearhead Property Holdings Limited
(Registration No. 1996/005827/06)
Share Code: SPE & ISIN Code: ZAE000019162
("Spearhead")
Salient dates
Spearhead linked unitholders are referred to the previous announcements in
relation to the acquisition by Redefine of 100% of the linked units in
Spearhead pursuant to a scheme of arrangement in terms of section 311 of
the Companies Act, Act No. 61 of 1973, proposed by Redefine between
Spearhead and its linked unitholders ("the scheme").
A circular relating to the scheme was issued on Monday, 9 October 2006. The
salient dates for the scheme are as follows:
2006
Last day to trade in Spearhead linked units Tuesday, 17 October
in order to be recorded in the register to
vote at the scheme meeting (see note 2 below)
on
Voting record date to vote at the scheme Friday, 20 October
meeting by close of trading on
Scheme meeting of Spearhead shareholders to Tuesday, 24 October
be held at 10h00 on
Scheme meeting of Spearhead debenture holders Tuesday, 24 October
to be held at 10h30 on
Court hearing to sanction the scheme Tuesday, 31 October
(hereinafter referred to as "the return
date") on
Last day to trade in order to participate in Friday, 3 November
the scheme consideration (see note 3 below)
on
Suspension of listing of Spearhead shares at Monday, 6 November
commencement of trading on
Scheme consideration record date being the Friday, 10 November
date on which scheme participants must be
recorded in the register to receive the
scheme consideration, by close of trading on
Operative date of the scheme at the Monday, 13 November
commencement of trading on
Scheme consideration posted to certificated Monday, 13 November
scheme participants (if documents of title
are received on or prior to the scheme
consideration record date) on or about
Dematerialised scheme participants should Monday, 13 November
have their accounts (held at their CSDP or
broker) updated on or about
Termination of listing of Spearhead linked Tuesday, 14 November
units at the commencement of trading on or
about
Notes:
1 All dates and times may be changed by mutual agreement between
Spearhead and Redefine and/or may be subject to certain regulatory
approvals. Any change will be published in the press and on SENS.
2 Spearhead linked unitholders should note that as transactions in
linked units are settled in the electronic settlement system used by
STRATE, settlement of trades takes place five business days after such
trade. Therefore shareholders or debenture holders who acquire linked
units after Tuesday, 17 October 2006 will not be eligible to vote at
the scheme meeting.
3 Linked unit certificates may not be dematerialised after Friday, 3
November 2006.
4 The scheme meeting of Spearhead debenture holders will be held at the
time set out above, provided that the scheme meeting of Spearhead
shareholders is timeously concluded or adjourned. In the event that
the scheme meeting of Spearhead shareholders is not concluded or
adjourned at the time the scheme meeting of Spearhead debenture
holders is to commence, then the scheme meeting of Spearhead debenture
holders will only commence after the conclusion or the adjournment of
the scheme meeting of Spearhead shareholders.
5 To the extent that approval from the competition authorities is not
obtained on Thursday, 26 October 2006, the return date may be extended
from time to time. This will result in all dates from 31 October 2006
onwards changing from those that are set out in the timetable above.
Rosebank
10 October 2006
Corporate advisor, legal advisor and sponsor to Redefine
Java Capital (Proprietary) Limited
Sponsor and corporate advisor to Spearhead
Bridge Capital
Date: 10/10/2006 05:21:10 PM Produced by the JSE SENS Department
