| Mon 22 Jan 2007, 16:52 | | YRK - Yorkcor - Salient Dates Of Offer |
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YRK
YRK
YRK - Yorkcor - Salient Dates Of Offer
The York Timber Organisation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code: YRK ISIN: ZAE000008108
("Yorkcor" or "the company")
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
OPENING OF OFFER TO SHAREHOLDERS
Yorkcor shareholders are advised that the circular containing particulars of the
joint offer by Blackstar Investors plc and Yorkcor to acquire their shares for a
cash consideration of R9.83 per share, and incorporating a notice of general
meeting to approve various resolutions has been posted today.
Important dates and times
2007
Circular posted on Monday, 22 January
Offer opens at 09:00 on Monday, 22 January
Forms of proxy in respect of general Friday, 16 February
meeting to be received by 10:00 on
General meeting of Yorkcor shareholders at Tuesday, 20 February
10:00 on
Release of results of general meeting on Tuesday, 20 February
SENS on
Publication of results of general meeting Wednesday, 21 February
in the press on
Release of company year end results on SENS Tuesday, 27 February
on or about
Publication of company year end results in Wednesday, 28 February
the press on or about
Last day to trade Yorkcor shares in order Friday, 9 March
to be able to participate in the offer on
Shares trade ex the offer on Monday, 12 March
Record date for the offer on Friday, 16 March
Offer closes at 12:00 on Friday, 16 March
Results of the offer released on SENS on Monday, 19 March
Results of the offer published in the press Tuesday, 20 March
on
Payment of the offer consideration See notes 5 and 6
Notes:
1. These dates and times may change. Any change will be released on SENS and
published in the press.
2. Shareholders holding dematerialised shares who wish to accept the offer are
required to notify their duly appointed CSDP or broker of their acceptance
of the offer in the manner and time stipulated in the custody agreement
governing the relationship between such shareholders and their CSDPs or
brokers.
3. Share certificates may not be dematerialised or rematerialised between
Monday, 12 March 2007 and Friday, 16 March 2007, both days inclusive.
4. Yorkcor shareholders may accept the offer in whole or in part or may
decline the offer by taking no further action. A balance certificate will
be issued, by registered post, to relevant shareholders, should Yorkcor
shareholders accept for a lesser number of shares on the share certificate
submitted, if applicable.
5. Cheques payable pursuant to the acceptance of the offer received by or
after Wednesday, 7 March 2007 up to and including the closing date of the
offer on Friday, 16 March 2007 will be posted to Yorkcor shareholders
holding certificated shares, at their risk, within five business days of
receipt of valid acceptances by the transfer secretaries. Alternatively,
shareholders holding certificated shares may, if they have entered into a
mandate with the transfer secretaries, receive the offer consideration by
electronic transfer directly into their relevant bank accounts, by
providing details of their bank accounts on the form of acceptance,
transfer and surrender attached to the circular. Such electronic transfer
will be made by the transfer secretaries within five business days of their
receipt of valid acceptances by or after Wednesday, 7 March 2007.
6. Accounts of shareholders holding dematerialised shares held at their CSDP
or broker, will be credited/updated within five business days of receipt of
notification of acceptance by the transfer secretaries from STRATE who, in
turn, will have been notified by the shareholder`s duly appointed CSDP or
broker.
Pretoria
22 January 2007
Sponsor and independent adviser
Sasfin Capital
A division of Sasfin Bank Limited
Legal adviser to Yorkcor
Edward Nathan Sonnenbergs Inc
Adviser to Blackstar
Blackstar Managers
Legal adviser to Blackstar
Webber Wentzel Bowens
Date: 22/01/2007 16:51:59 Produced by the JSE SENS Department.
