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CPL/MYT - Capital / Monyetla - Important dates and times
Capital Property Fund
Share Code: CPL
ISIN: ZAE000001731
("Capital")
(A portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in
Property established in terms of the Collective Investment Schemes Control Act,
No 45 of 2002)
Managed by Property Fund Managers Limited ("PFM")
(Incorporated in the Republic of South Africa)
(Registration No. 1980/009531/06)
Monyetla Property Fund Limited
(Registration No. 1987/006274/06)
Share Code: MYT
ISIN Code: ZAE000093761
("Monyetla")
IMPORTANT DATES AND TIMES
Capital unitholders and Monyetla linked unitholders are referred to the previous
announcements in relation to the scheme of arrangement in terms of section 311
of the Companies Act, 1973 (Act 61 of 1973), as amended ("the scheme"), proposed
by Capital ("the proposer") between Monyetla and its linked unitholders in
terms of which the proposer will acquire all of the linked units held by
Monyetla linked unitholders, recorded in the register on the record date of the
scheme ("scheme participants"). In terms of the scheme, the scheme participants
will receive 0,50926 new Capital units for every Monyetla linked unit held,
rounded up or down to the nearest whole number ("scheme consideration").
CIRCULAR
A circular relating to the scheme was posted to Monyetla linked unit holders on
Wednesday, 5 November 2008.
The important dates and times for the scheme are as follows:
2008
Last day to trade in Monyetla linked units in
order to be recorded in the register to vote at Wednesday, 19 November
the scheme meetings (see note 2 below) on
Voting record date to vote at the scheme meetings Wednesday, 26 November
by close of trading on
Last day for receipt of proxies for the Monyetla Thursday, 27 November
shareholders` scheme meeting by 10:00 (see note 3
below) on
Last day for receipt of proxies for the Monyetla Thursday, 27 November
debenture holders` scheme meeting by 10:30 (see
note 3 below) on
Monyetla shareholders` scheme meeting to be held Monday, 1 December
at 10:00 on
Monyetla debenture holders` scheme meeting to be Monday, 1 December
held at 10:30 (or ten minutes after the conclusion
of the Monyetla shareholders` scheme meeting,
whichever is the later) on
Results of scheme meetings released on SENS on Monday, 1 December
Results of scheme meetings published in the press Tuesday, 2 December
on
Court hearing to sanction the scheme (hereinafter
referred to as "the return date") on Tuesday, 9 December
Results of Court hearing released on SENS on Tuesday, 9 December
Register order with Registrar on Wednesday, 10 December
Results of Court hearing published in the press on Wednesday, 10 December
Receive approval from Competition Authorities (see Monday, 15 December
note 5 below) on or before
2009
If the scheme is sanctioned and becomes effective
Finalisation date on Friday, 2 January
Last day to trade in order to participate in the Friday, 9 January
scheme consideration (see note 6 below) on
Suspension of listing of Monyetla linked units at Monday, 12 January
commencement of trading on
Trading in new Capital units and listing of Monday, 12 January
additional Capital units from commencement of
trade on
Scheme consideration record date, being the date Friday, 16 January
on which scheme participants must be recorded in
the register to receive the scheme consideration,
by close of trading on
Operative date of the scheme at the commencement Monday, 19 January
of trading on
Scheme consideration posted to certificated scheme Monday, 19 January
participants (if documents of title are received
on or prior to 12:00 on the scheme consideration
record date) on or about
Dematerialised scheme participants` accounts (held Monday, 19 January
at their CSDP or broker) updated on
Termination of listing of Monyetla linked units at Monday, 19 January
the commencement of trading on
Notes:
1. All dates and times may be changed by mutual agreement between Monyetla and
the proposer and/or may be subject to certain regulatory approvals. Any
change will be released on SENS and published in the press.
2. Affected Monyetla linked unitholders should note that as transactions in
linked units are settled in the electronic settlement system used by
Strate, settlement of trades takes place five business days after such
trades. Therefore persons who acquire Monyetla linked units after
Wednesday, 19 November 2008 will not be eligible to vote at the scheme
meeting, but will, provided the scheme is approved and they acquire the
Monyetla linked units prior to Friday, 9 January 2009, participate in the
scheme consideration.
3. If a form of proxy is not received by the time and date shown above, it may
be handed to the chairman of the relevant scheme meeting not later than 10
minutes before that scheme meeting or adjourned scheme meeting is due to
commence or recommence.
4. All times given in this circular are local times in South Africa.
5. To the extent that approval from the Competition Authorities is not
obtained on or before the return date and should the scheme be sanctioned,
an announcement will be made on SENS and in the press advising scheme
participants of the final date, the scheme consideration record date and
the expected operative date.
6. Monyetla linked unit certificates may not be dematerialised or
rematerialised after Friday, 9 January 2009.
5 November 2008
Corporate advisor and sponsor to the proposer and
transaction sponsor to Monyetla
Java Capital (Proprietary) Limited
Sponsor to Monyetla
Deloitte & Touche Sponsor Services (Pty) Limited
Attorneys to the scheme
Knowles Husain Lindsay Inc.
Date: 05/11/2008 16:34:05 Supplied by www.sharenet.co.za
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