Wrap Text
Change Of Name, Distribution Of Circular And Notice In Terms Of Section 60 Of The Companies Act
MOMENTUM METROPOLITAN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2000/031756/06
ISIN Code: ZAE000269890
JSE Share Code: MTM
A2X Share Code: MTM
NSX Share Code: MMT
("MMH" or the "Company")
MOMENTUM METROPOLITAN LIFE LIMITED
Incorporated in the Republic of South Africa
Registration No: 1904/002186/06
LEI: 378900E0A78B7549C212
Company code: MMIG
("MML")
("Momentum Metropolitan" or the "Group")
CHANGE OF NAME, DISTRIBUTION OF CIRCULAR AND NOTICE IN TERMS OF SECTION 60 OF THE
COMPANIES ACT NO.71 OF 2008
Shareholders of Momentum Metropolitan Holdings Limited are hereby advised that the
Directors of the Company wish to propose that the name of the Group's holding company
be shortened from Momentum Metropolitan Holdings Limited to Momentum Group Limited
("Change of Name").
Whilst the four brands (Momentum, Metropolitan, Guardrisk and Eris) will continue
to operate as they currently do, the Group has deemed it necessary to simplify the
holding company name.
DISTRIBUTION OF CIRCULAR
A Circular detailing the Change of Name will be distributed to Shareholders today,
Friday, 24 May 2024. The Circular incorporates the proposed Shareholder Resolutions
for the approval of the Change of Name in terms of section 60 of the Companies Act
No. 71 of 2008. Shareholders are requested to vote on the proposed Shareholder
Resolutions in accordance with the instructions contained in the Circular.
Copies of the Circular may be obtained during normal business hours from the
registered office of the Company at 268 West Avenue, Centurion, 0157 and from the
offices of the Company's sponsor, Merrill Lynch at The Place, 1 Sandton Drive,
Sandton, 2196 from Friday, 24 May 2024 until Monday, 1 July 2024 (both days
inclusive). A copy of the Circular will also be available on the Company's website
(https://www.momentummetropolitan.co.za/investor-relations/shareholder-centre/shareholder-notices).
IMPORTANT DATES AND TIMES
Shareholders are referred to the table below setting out important dates and times
in relation to the Change of Name and the proposed shareholder resolutions.
Event Date (2024)
Record date to determine which Shareholders are
eligible to receive this Circular Friday, 17 May
Circular distributed to Shareholders Friday, 24 May
Announcement on SENS regarding the posting of the
Circular Friday, 24 May
Deemed date of receipt of Circular Friday, 31 May
Voting period opens Friday, 31 May
Voting period closes Monday, 1 July
Deadline for the exercise of voting rights by
Shareholders in respect of the Shareholder
Resolutions by 12:00 (12 noon) on Monday, 1 July
Results of the voting to be released on SENS and the Monday, 1 July or the
Company's website Business Day on which the
proposed Shareholder
Resolutions are adopted,(if
earlier
Change of Name special resolution lodged with CIPC
for registration Monday, 1 July
Expected date of CIPC registration of Change of Name
special resolution Monday 8 July
Expected release on SENS of the finalisation
announcement in respect of the Change of Name, by
11:00 Tuesday, 9 July
Expected last day to trade prior to the Change of
Name Tuesday, 16 July
Expected termination date for trading under the
name of "Momentum Metropolitan Holdings Limited" and
commencement of trading under the new name "Momentum
Group Limited", under share c o d e s J S E / A 2 X "MTM",
NSX "MMT", abbreviated name "MOMENTUM" and ISIN
ZAE000269890 from the commencement of trade Wednesday, 17 July
Expected record date for the Change of Name Friday, 19 July
Expected date that the accounts of dematerialised
Shareholders with their CSDPs or brokers will be
updated with the new name Monday, 22 July
Expected date that new share certificates will be
issued to certificated Shareholders, posted by
registered post, at their risk Monday, 22 July
Notes:
1. The above dates and times are subject to change as they are subject to the filing
of the relevant Special Resolution with the CIPC. Shareholders will be notified
of any material changes which will be released on SENS.
2. All times quoted in this Circular are local times in South Africa.
3. Shareholders may not dematerialise or rematerialise their Shares after the last
day to trade in Momentum Metropolitan Holdings Limited.
4. Shareholders may not transfer shares between Wednesday 17 July 2024 and Friday
19 July 2024 (both days inclusive.
5. Shareholders are reminded that shares in companies listed on the JSE can no longer
be bought or sold on the JSE unless they have been dematerialised onto the Strate
system. It is therefore suggested that certificated Shareholders should consider
dematerialising their Shares and replacing them with electronic records of
ownership. In this regard, Shareholders may contact either their own broker or
a preferred CSDP, details of which are available from Strate at
queries@strate.co.za or telephone +27 11 759 5300.
6. The Company will retain its historical financial and trading reference data.
Centurion
24 May 2024
Equity Sponsor
Merrill Lynch South Africa (Pty) Limited t/a BofA Securities
Sponsor in Namibia
Simonis Storm Securities (Pty) Limited
Date: 24-05-2024 02:15:00
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.
Sharenet Sites 
