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VIL - Village Main Reef Limited - Waiver of mandatory offer

Release Date: 28/03/2011 16:27
Code(s): VIL
Wrap Text

VIL - Village Main Reef Limited - Waiver of mandatory offer Village Main Reef Limited (formerly Village Main Reef Gold Mining Company (1934) Limited) Incorporated in the Republic of South Africa (Registration Number 1934/005703/06) Share code on the JSE: VIL ISIN: ZAE000154761 ("Village" or the "company") WAIVER OF MANDATORY OFFER Shareholders of Village are advised that, following the approval by Village shareholders of the waiver of any mandatory offer that Simmer and Jack Mines, Limited ("Simmers") may be required to make to Village shareholders in terms of Rule 8.7 of the Securities Regulation Code On Takeovers And Mergers ("the Code"), the Securities Regulation Panel ("SRP") has ruled that the requirement for Simmers to make any mandatory offer under the Code has been dispensed with in terms of Rule 8.7 of the Code ("SRP Ruling"). The reasons for the SRP Ruling are available from the SRP on request. Any interested party who wishes to appeal, in terms of Section A paragraph 2(d) of the Code, against the SRP Ruling shall have three business days from the date of this announcement, (i.e. until 17h00 on 31 March 2011) to raise such an appeal with the SRP. Appeals should be made in writing and addressed to the "Executive Director, Securities Regulation Panel" at any one of the following addresses: Physical: 1st Floor, Block B Sunnyside Office Park 32 Princess of Wales Terrace Parktown 2193 Postal: PO Box 91833 Auckland Park Johannesburg 2006 Fax: +27 11 642 9284 Bryanston 28 March 2011 JSE Sponsor Macquarie First South Advisers (Pty) Limited Financial adviser to Village J.P. Morgan Financial adviser to Simmers and deal originator Sovereignty Capital Legal adviser to Village Cliffe Dekker Hofmeyr Inc Legal adviser to Village Werksmans Inc Media and Investor relations to Village Vestor Media & Investor Relations Date: 28/03/2011 16:27:01 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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