AFROCENTRIC INVESTMENT CORP LIMITED - Notice of posting circular in terms of Sec 59 of the Act

Notice of posting circular in terms of Sec 59 of the Act

AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ACTP
ISIN: ZAE000078416, ZAE000082269
(“AfroCentric” or “the Company”)

POSTING OF CIRCULAR


Shareholders are advised that a circular was posted on Monday,
28 October   2013 to AfroCentric Preference Shareholders
regarding the exercise of Call Options and redemption and
delisting of 16 638 000 Redeemable Preference Shares of R0.91
each in the issued capital of the company


A copy of the circular will also be made available on the
company’s website www.afrocentric.za.com.


SALIENT DATES AND TIMES
The salient dates in respect of the Call Option and redemption
of the AfroCentric Preference Shares are set out below.    Any
changes to these dates will be announced on SENS.
                                                     2013/2014
Record date for Preference                             Friday,
Shareholders to receive the circular                18 October


Post Circular and forms of exercise                    Monday,
and surrender to Preference Shareholders            28 October


Announce finalisation information                      Friday,
                                                    1 November


Contingent Ordinary Shares and Executive             Thursday,
Share Awards listed on the JSE             14 November


Record date for exercise by                    Friday,
Certificated Preference Shareholders       15 November
of Call Option


Certificated Preference Shareholders
election date at 12h00 to be issued with       Friday,
New Ordinary Shares                        15 November


Last day to trade for Dematerialised           Friday,
Preference Shareholders in order to        20 December
exercise Call Options


Last day to trade for Redemption of            Friday,
Preference Shares                          20 December


Preference shares suspended as from         Monday, 23
commencement of trade                         December


Listing of maximum number of new           Tuesday, 24
ordinary shares in respect of Preference      December
Shares call option exercised


Record date for exercise by                Tuesday, 31
Dematerialised Preference Shareholders        December
of Call Option and for redemption


Dematerialised Preference Shareholders     Tuesday, 31
election date at 12h00 to be issued with      December
New Ordinary Shares


Call Options lapse (17h00)                 Tuesday, 31
                                              December
Results of election announced on SENS       Friday, 3 January


Issue of New Ordinary Shares                Friday, 3 January


Payment date of Redemption Price            Monday, 6 January


Redeemable Preference Shares delisted at    Monday, 6 January
close of trading




NOTE: Share certificates may not be dematerialised or
rematerialised after 20 December 2013.




29 October 2013


Corporate Advisor and Sponsor
Sasfin Capital
A division of Sasfin Bank Limited

Date: 29/10/2013 11:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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