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BSR / TWP - Basil Read / TWP Holdings - Update -Implementation Of The Acquisition ("The Acquisition") By Basil Read Of The Entire Issued Share Capital Of Twp By Way Of A Scheme Of Arrangement In Terms Of Section 311 Of The Companies Act, 1973 (Act 61 Of 1973), As Amended, Between TWP And Its Shareholders ("The Scheme") Basil Read Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1984/007758/06) Share code: BSR ISIN: ZAE000029781 ("Basil Read") TWP Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 2003/025640/06) Share code: TWP ISIN: ZAE000110763 ("TWP") UPDATE -IMPLEMENTATION OF THE ACQUISITION ("THE ACQUISITION") BY BASIL READ OF THE ENTIRE ISSUED SHARE CAPITAL OF TWP BY WAY OF A SCHEME OF ARRANGEMENT IN TERMS OF SECTION 311 OF THE COMPANIES ACT, 1973 (ACT 61 OF 1973), AS AMENDED, BETWEEN TWP AND ITS SHAREHOLDERS ("THE SCHEME") Further to the announcement of 1 December 2009, Basil Read and TWP shareholders are advised that the Order of Court sanctioning the scheme has been registered by the Companies and Intellectual Property Registration Office. Accordingly, all conditions precedent to the Acquisition and the Scheme have been fulfilled. Johannesburg 4 December 2009 Corporate adviser to the transaction PricewaterhouseCoopers Corporate Finance (Pty) Ltd (Registration number 1970/003711/07) Auditors and reporting accountants to Basil Read and TWP PricewaterhouseCoopers Inc Chartered Accountants and Auditors (Registration no 1998/012055/21) Attorneys to Basil Read Ramsay Webber Attorneys, Notaries and Conveyancers Sponsor to Basil Read SASFIN Capital Attorneys to TWP TLI Company, Tax, Property & Labour Lawyers Investment bank and sponsor to TWP NEDBANK Capital Independent adviser to TWP shareholders MOORE STEPHENS Corporate Finance Date: 04/12/2009 07:50:09 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.
