Go Back Email this Link to a friend

SAH - South African Coal Mining Holdings Limited - SRP appeal Committee

Release Date: 20/04/2011 09:57:03      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - SRP appeal Committee         
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")                                                      
SRP APPEAL COMMITTEE FINDINGS                                                   
Shareholders are referred to the announcement released on SENS on 21 February   
2011 relating to 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 in  
terms of the ruling by the SRP. The 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.                                                                   
SACMH received the SRP Appeal Committee`s ruling on 13 April 2011, which in     
essence concluded that the comparable price to be offered to minority           
shareholders of SACMH, is 38.6 cents per share. The portion exceeding the       
amount per share that had already been paid to minority shareholders, will be   
subject to interest.                                                            
The Offeror`s legal team is currently in the process of reviewing the findings  
of the SRP Appeal Committee. A further announcement containing details of the   
Offeror`s planned actions will be made in due course.                           
Wednesday, 20 April 2011                                                        
Exchange Sponsors                                                               
Date: 20/04/2011 09:57:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.