To view the PDF file, sign up for a MySharenet subscription.

MTN Group - Offer to shareholders of Investcom declared unconditional all

Release Date: 04/07/2006 17:55
Code(s): MTN
Wrap Text

MTN Group - Offer to shareholders of Investcom declared unconditional all respects MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) (Share code: MTN) (ISIN code: ZAE000042164) ("MTN Group" or the "Company") OFFER TO SHAREHOLDERS OF INVESTCOM LLC DECLARED UNCONDITIONAL IN ALL RESPECTS MTN Group announces that all the conditions of its offer to shareholders of Investcom LLC ("Investcom") ("the Offer") have been satisfied or waived and the Offer is now declared unconditional in all respects. As previously announced, the Offer will remain open for acceptances until 5.00 p.m. (Dubai time) on 12 July 2006. As and when MTN Group has received valid acceptances of the Offer in respect of or otherwise acquired 90% or more in value of the Investcom ordinary shares to which the Offer relates (which MTN Group expects will happen shortly pursuant to the terms of the Tender Agent Agreement), MTN Group will seek to acquire compulsorily the Investcom ordinary shares for which it has not received valid acceptances of the Offer or otherwise acquired, pursuant to the provisions of articles 81 to 89 (inclusive) of the Dubai International Financial Centre Company Law 2004. As MTN Group has attained the required 75% of the voting rights attaching to the shares of Investcom, MTN Group is taking steps to procure the application by Investcom: (i) for the cancellation of the trading in Investcom GDSs on the London Stock Exchange"s market for listed securities and the listing of the Investcom GDSs from the Official List of the UK Listing Authority; and (ii) for the cancellation of the trading in Investcom GDSs on the Dubai International Financial Exchange ("DIFX") and the listing of the Investcom GDSs from the Official List of Securities of the DIFX. Fairland 4 July 2006 Joint financial adviser and transaction sponsor Deutsche Securities (SA) (Proprietary) Limited Member of the Deutsche Bank Group Joint financial adviser First Africa (SA) (Proprietary) Limited South African legal adviser Webber Wentzel Bowens International legal advisers Freshfields Bruckhaus Deringer Sponsor Merrill Lynch South Africa (Proprietary) Limited Date: 04/07/2006 05:55:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

Share This Story