SAH - South African Coal Mining Holdings Limited - Result of mandatory offer Release Date: 21/02/2011 17:10:01 Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Result of mandatory offer
South African Coal Mining Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009012/06
Share code: SAH ISIN: ZAE000102034
("SACMH" or "the company")
- RESULT OF MANDATORY OFFER
- APPLICATION TO LIFT SUSPENSION
- SRP APPEAL COMMITTEE HEARING
Result of mandatory offer
Shareholders are referred to the announcement released on SENS on 20 January
2011 that the mandatory offer by JSW Energy Natural Resources South Africa
(Proprietary) Limited ("the Offeror") to all the remaining shareholders of
SACMH at 30 cents per share, plus a possible additional amount per share to
shareholders who accept the offer, under circumstances as set out in
paragraph 3.2.3 of the offer, was extended to 12:00 on Friday, 18 February
2011. The offer closed at noon on Friday, 18 February 2011.
Shareholders are advised that shareholders holding 137 401 108 SACMH shares
accepted the offer. Consequently the Offeror now directly and indirectly,
through its shareholding in Royal Bafokeng Capital, owns 269,163,578 SACMH
shares, constituting 59.49% of the issued share capital of SACMH.
Application to lift suspension of shares
On 2 February 2011 the company applied to the JSE for the lifting of the
suspension of the company`s shares on the JSE. The JSE is currently
considering the application.
SRP Appeal Committee hearing
The Securities Regulation Panel ("SRP") Appeal Committee heard the appeal by
the Offeror against the ruling of the SRP in respect of the offer price on 26
January 2011. Further written submissions were made by the Offeror on 15
February 2011. The outcome is awaited.
Monday, 21 February 2011
Date: 21/02/2011 17:10:01 Supplied by www.sharenet.co.za
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