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MOB - Mobile Industries Limited - Finalisation announcement

Release Date: 18/01/2011 12:45
Code(s): MOB TRE
Wrap Text

MOB - Mobile Industries Limited - Finalisation announcement MOBILE INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1968/014997/06) Share code: MOB ISIN: ZAE000091435 ("Mobile") FINALISATION ANNOUNCEMENT Mobile shareholders ("Shareholders") are referred to the circular to Shareholders dated Monday, 22 November 2010 ("Circular") and the announcements by Mobile released on the Securities Exchange News Service ("SENS") on Monday, 22 November 2010 and Tuesday, 14 December 2010, and are advised that the special resolutions relating to the unbundling, as detailed in the Circular, were registered by the Companies and Intellectual Property Registration Office on Wednesday, 12 January 2011. Accordingly, Shareholders are advised that all conditions precedent to the unbundling have been fulfilled and that the unbundling will be implemented in accordance with the timetable contained in the Circular and as summarised in the table below: 2011
Last day to trade in Mobile shares on the JSE Friday, 28 January to participate in the unbundling Mobile shares trade "ex" their entitlement to Monday, 31 January Trencor shares received by Shareholders pursuant to the unbundling Shareholders commence trading their unbundled Monday, 31 January Trencor Limited ("Trencor") shares (the JSE share code for Trencor will remain "TRE" and the ISIN will remain ZAE000007506) Unbundling record date Friday, 4 February Announcement of apportionment of cost for Monday, 7 February taxation/base cost for capital gains tax purposes on or about Dematerialised Shareholders will have their Monday, 7 February accounts with their CSDP or broker updated with the unbundled Trencor shares on Share certificates in respect of the unbundled Monday, 7 February Trencor shares will be posted, by registered post, at the risk of the certificated Shareholders concerned on or about Note: No dematerialisation or re-materialisation of Mobile share certificates may take place between Monday, 31 January 2011 and Friday, 4 February 2011, both days inclusive. Based on 86 695 758 Trencor shares held by Mobile and 1 068 039 676 Mobile shares in issue, Shareholders who are recorded in the register at the close of business on Friday, 4 February 2011 will receive 8,117 Trencor shares for every 100 Mobile shares held ("Entitlement Ratio"). If the application of the Entitlement Ratio would result in the number of Trencor shares to be distributed to any Shareholder not being a whole number, the relevant fraction will be rounded up to the nearest whole number if the fraction is equal to or greater than 0,5 of a Trencor share; or rounded down to the nearest whole number if the fraction is less than 0,5 of a Trencor share. By order of the board of directors Mobile Industries Limited Cape Town 18 January 2011 Investment bank and Corporate law adviser Sponsor transaction sponsor Investec Bank Limited Edward Nathan Rand Merchant Bank (A Sonnenbergs Inc. division of FirstRand Bank Limited) Date: 18/01/2011 12:45:03 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.

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