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Announcement of the exchange rate in respect of the redemption of Ordinary Shares listed on the AltX of the JSE Ltd
SACOVEN PLC
(Incorporated in Jersey under the Companies (Jersey) Law 1991
(Company number 110296)
AIM Share code: SCN
JSE Share code: SCV
ISIN: JE00B7YH8W36
(“Sacoven” or the “Company”)
Announcement of the exchange rate in respect of the redemption of Ordinary Shares
listed on the AltX of the JSE Limited
The Company announces that the exchange rate applicable to holders of Ordinary Shares listed
on the AltX of the JSE Limited in respect of the redemption of Ordinary Shares of the Company
as detailed in the Circular to Shareholders dated 7 November 2016 is 17.027(as per the exchange
rate stated by Barclays on 28 November 2016), meaning that the Redemption Price in South
African Rand will be ZAR 1,283.89539 calculated as= 75.403500 pence*17.027.
Redemption
Shareholders are reminded that if they wish to apply to have the Company redeem their
Ordinary Shares on the terms and subject to the conditions set out in the Company's
circular to Shareholders dated 7 November 2016 (which is available on the Company's
website www.sacoven.com) (the "Circular"), they must do so before 1.00p.m. UK time
(3.00p.m. SA time) on 5 December 2016 in accordance with the procedures set out in the
Circular.
Shareholders should be aware that, if they fail to apply to have the Company redeem their
Ordinary Shares, they will lose the right to receive the Redemption Price and will only be
entitled to receive a pro-rata entitlement to the assets that remain in the Company on
winding up. Those remaining assets will be shared pro rata between Brunswood and any
other Shareholders that have chosen not to have their Ordinary Shares redeemed (or have
otherwise failed to submit a valid Redemption Notice or USE Instruction).
Terms used in the announcement but not defined are as defined in the Circular.
Sacoven has a primary listing on the Alternative Investment Market of the London Stock
Exchange and a secondary listing on the AltX of the Johannesburg Stock Exchange.
29 November 2016
Jersey
JSE Sponsor AIM Nomad and Broker
KPMG Services Proprietary Limited Liberum Capital Limited
Clayton Bush & Christopher Britton
Tel: +44 (0)20 3100 2000
For further information please visit the Company’s website www.sacoven.com
Niall McCallum + 44 (0)1534 823000
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