SEARDEL INVESTMENT CORPORATION LIMITED - Finalisation announcement in respect of the name change and share consolidation

Finalisation announcement in respect of the name change and share consolidation

SEARDEL INVESTMENT CORPORATION LIMITED   
(Incorporated in the Republic of South Africa)
Registration number: 1968/011249/06
N Shares share code: SRN; Ordinary Shares share code: SER
ISIN: ZAE000030144; ISIN: ZAE000029815
(“Seardel” or the “Company”)



FINALISATION ANNOUNCEMENT IN RESPECT OF THE NAME CHANGE AND SHARE CONSOLIDATION


   1. INTRODUCTION

      Seardel ordinary shareholders and N-ordinary shareholders (collectively, the "Seardel Shareholders") are
      referred to the announcement released on the Stock Exchange News Service of the JSE Limited (“SENS”) on
      Friday, 30 October 2015 in which the Company advised shareholders of the results of the Annual General
      Meeting, and that resolutions were passed approving, inter alia:

          -   the name change of the Company to E Media Holdings Limited (“Name Change”); and
          -   the restructuring of the Company’s stated capital by consolidating its authorised and issued stated
              capital on the basis of 10 to 1 (“Share Consolidation”) by:
                  - the consolidation of every 10 Ordinary Shares of no par value into 1 Ordinary Share of no par
                       value; and
                  - the consolidation of every 10 N-Shares of no par value into 1 N-Share of no par value.

      Seardel is pleased to advise that the special resolutions necessary for the Name Change and Share
      Consolidation, together with all prescribed documents, have been accepted and placed on file by the Companies
      and Intellectual Property Commission.

      Accordingly, the Name Change and Share Consolidation will proceed as per the timetable below.

   2. IMPORTANT DATES AND TIMES

                                                                                                            2015
       Release of finalisation announcement in respect of the Name Change and                Friday, 20 November
       Share Consolidation on SENS

       Last date to trade under the old name and in order to take part in the Name           Friday, 27 November
       Change and Share Consolidation

       Trading under the new name of E Media Holdings Limited and with the new               Monday, 30 November
       capital structure following the Share Consolidation commences, under the JSE
       share code “EMN” in respect of N-Shares and “EMH” in respect of Ordinary
       Shares and new ISINs ZAE000209524 and ZAE 000208898 respectively

       Record date in respect of the Name Change and Share Consolidation                      Friday, 4 December

       Posting of new share certificates in respect of Certificated Seardel Shares            Monday, 7 December
       following the Name Change and Share Consolidation and update of CSDP and
       broker safe custody accounts

      Notes:
         1. Any changes in dates will be announced on SENS.
         2. All dates and times are local dates and times in South Africa.


20 November 2015
Cape Town

Sponsor and Corporate Adviser
Investec Bank Limited

Date: 20/11/2015 09:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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