GLOBAL ASSET MANAGEMENT LIMITED - Proposed waiver of mandatory offer, posting of circular and notice of general meeting

Proposed waiver of mandatory offer, posting of circular and notice of general meeting

GLOBAL ASSET MANAGEMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/003192/06)
Share Code: GAM ISIN: ZAE000173498
("Global")



PROPOSED WAIVER OF MANDATORY OFFER, POSTING OF CIRCULAR AND NOTICE
OF GENERAL MEETING



Circular
Further to the announcements made on 29 June 2016 and 29 September 2016,
shareholders are advised that a circular to shareholders detailing the proposed waiver by
independent shareholders of a potential mandatory offer following the subscription by
African Rainbow Capital Proprietary Limited (“ARC”) for Global shares at R2.07 per share,
and the signing of a Voting Pool Agreement, has been finalised and approved by the
Takeover Regulation Panel. The Voting pool Agreement has been signed by ARC, certain
directors of Global and other key shareholders resulting in the Voting Pool controlling
more than 50% of Global’s issued share capital. The circular, including a notice of General
Meeting, has been posted to shareholders.

The circular will be available for inspection at Global’s registered offices and on Global’s
website from the date of posting until the date of the General Meeting.

General Meeting
The General Meeting will be held at 10h00 on Thursday, 15 December 2016 at IOM House,
6 St Giles Street, Randburg.

Salient Dates and Times
The salient dates and times as set out in the circular are as follows:

Record date to determine which Global Shareholders                  Friday, 11 November 2016
are entitled to receive the Circular

Circular posted to Global Shareholders and announced on             Wednesday, 16 November 2016
SENS

Representations to the TRP regarding the Waiver to be               Friday, 2 December 2016
made by

Last day to trade in order to be eligible to vote at the            Tuesday, 6 December 2016
General Meeting

Record date to vote at the General Meeting                          Friday, 9 December 2016

Last date to lodge forms of proxy for the General Meeting           Tuesday, 13 December 2016
by 10h00 on

General Meeting of shareholders to be held at 10h00                 Thursday, 15 December 2016
on

Announcement regarding the granting of exemption                    Thursday, 15 December 2016
from obligation to make a mandatory offer by TRP

Results of the General Meeting to be announced on                   Thursday, 15 December 2016
SENS

Results of the General Meeting to be announced in the               Monday, 19 December 2016
press




By order of the board
Johannesburg

18 November 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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