Finalisation Announcement Regarding The Share Repurchase By The CMH of a Miximum of 21 133 000 Issued Shares
Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
JSE share code: CMH ISIN number: ZAE000088050
("CMH" or “the Company”)
FINALISATION ANNOUNCEMENT REGARDING THE SHARE REPURCHASE BY THE COMPANY OF A MAXIMUM
OF 21 133 000 ISSUED SHARES (“Share Repurchase”)
1. INTRODUCTION
Shareholders of CMH (“Shareholders”) are referred to the announcement dated 28 April 2015, whereby it was
announced that the Company intends making the Share Repurchase by means of an offer to all Shareholders to
voluntarily tender for repurchase at R11,83 per share in cash (“Share Repurchase Offer Consideration”) all, or a
portion only, of their holding of ordinary shares (“Shares”) in the Company (“Share Repurchase Offer”). As further
reported in the announcement of 29 May 2015, both resolutions to give effect to the Share Repurchase Offer, as
contained in the circular sent to Shareholders dated 30 April 2015 (“the Circular”), were duly approved by the
requisite majority of votes.
2. CONDITIONS PRECEDENT AND FINALISATION DATES
Shareholders are advised that following the receipt of the compliance certificate from the Takeover Regulation
Panel in terms of section 119(4)(b) of the Companies Act No. 71 of 2008 in respect of the Share Repurchase Offer,
all outstanding conditions precedent as contained in the Circular have now been fulfilled.
Shareholders are reminded of the remaining important dates and times pertinent to the Share Repurchase Offer:
Action 2015
Share Repurchase Offer last day to trade in Shares in order to be registered as a
Shareholder in the Register of the Company at the Share Repurchase Offer record date Friday, 26 June
Shares trade “ex” the right to participate in the Share Repurchase Offer Monday, 29 June
Share Repurchase Offer record date being the date by which a Shareholder must be
recorded as such in the Register of the Company in order to be entitled to participate in
the Share Repurchase Offer, on Friday, 3 July
Share Repurchase Offer closing date being the date for the closing of the Share
Repurchase Offer at 12:00, on Friday, 3 July
Share Repurchase Offer payment date being the date for the settling of the Share
Repurchase Offer Consideration, on or about Monday, 6 July
Expected date for the delisting from the JSE of the Shares repurchased in terms of the
Share Repurchase Offer, from the commencement of trading on the JSE, on or about Tuesday, 7 July
3. FURTHER ANNOUNCEMENT
An announcement will be made on or about 6 July 2015 reporting on the results of the Share Repurchase Offer.
Durban
15 June 2015
Sponsor and Corporate Advisor Independent Expert Independent Reporting
PricewaterhouseCoopers Corporate BDO Corporate Finance Accountants and Auditors
Finance (Proprietary) Limited Proprietary Limited PricewaterhouseCoopers Inc.
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