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

FWD - Freeworld - Posting of circular and Notice of General Meeting

Release Date: 25/10/2011 16:30
Code(s): FWD
Wrap Text

FWD - Freeworld - Posting of circular and Notice of General Meeting Freeworld Coatings Limited (Incorporated in the Republic of South Africa) (Registration number 2007/021624/06) Share code: FWD ISIN: ZAE000109450 ("Freeworld") ANNOUNCEMENT BY FREEWORLD IN RELATION TO POSTING OF THE CIRCULAR AND THE NOTICE OF GENERAL MEETING IN RELATION TO THE PROPOSAL TO DELIST FREEWORLD FROM THE JSE 1. INTRODUCTION Freeworld shareholders ("Shareholders") are referred to the joint announcement by Freeworld and Kansai Paint Co., Ltd. ("Kansai") released on SENS on 17 October 2011 and published in the press on 18 October 2011 ("Joint Announcement") regarding the proposal that Freeworld delist its ordinary shares from the exchange operated by the JSE Limited ("Delisting") and a firm intention by Kansai to acquire all the issued shares of Freeworld not already owned by Kansai, by way of a scheme of arrangement ("Scheme"). Shareholders are hereby advised that a circular containing details of the Delisting and the Scheme and incorporating, amongst others, a notice of general meeting ("Circular") has been posted to Shareholders today and is available on Freeworld`s website at http://www.freeworldcoatings.com/ and on Kansai`s website at http://www.kansai.co.jp/global_site/index.html. Shareholders are advised that the completion of the Delisting and the Scheme, which are inter-conditional, are subject to the fulfilment or waiver of certain conditions precedent set out in the Circular, and are advised to review the Circular for the terms and conditions of the Delisting and the Scheme. 2. NOTICE OF GENERAL MEETING As per the Joint Announcement, the general meeting of Shareholders in relation to the Delisting and the Scheme will be held at the Company`s offices, Glenfiddich Building, Kildrummy Office Park, Umhlanga Drive, Paulshof, Johannesburg on Wednesday, 23 November 2011 at 10:00, to consider and, if deemed fit, to pass the resolutions as set out in the notice of general meeting, attached to, and forming part of the Circular. 3. IMPORTANT DATES AND TIMES The important dates and times relating to the Delisting and the Scheme as set out in the timetable included in the Joint Announcement have not changed. Paulshof 25 October 2011 Enquiries: Newman Lowther & Associates Ben Lowther, +27 (0)21 673 7000 Freeworld Eleanor Chamberlain, +27 (0)11 549 8009 Financial advisors to Freeworld and Kansai Newman Lowther & Associates (Pty) Ltd Attorneys to Freeworld and Kansai Bowman Gilfillan Inc. Independent Expert BDO Corporate Finance (Pty) Ltd JSE Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 25/10/2011 16:30:29 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.

Share This Story