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SALD - Sallies Limited - Results of Fluormin`s offer to acquire Sallies

Release Date: 23/01/2012 14:00
Code(s): JSE SALD
Wrap Text

SALD - Sallies Limited - Results of Fluormin`s offer to acquire Sallies debentures Sallies Limited (Incorporated in the Republic of South Africa) (Registration number 1903/001879/06) JSE Code: SALD ISIN: ZAE000117305 ("Sallies" or "the Company") RESULTS OF FLUORMIN`S OFFER TO ACQUIRE SALLIES DEBENTURES Debenture holders are advised that as at 17:00 on Friday, 20 January 2012, being the closing date of the unconditional mandatory offer ("the Offer") by Fluormin Plc. ("Fluormin") to Sallies debenture holders contained in the Circular dated 1 November 2011, valid acceptances of the Offer had been received in respect of 56,492,972 Sallies debentures, representing approximately 39.16% of the Sallies debentures. 1,593,892 acceptances were received in respect of the Stock Consideration and 54,899,080 acceptances were received in respect of the Cash Consideration. Accordingly, and in terms of the Offer, the cash payment to be made by Fluormin to Sallies debenture holders will be R27,449,540 and the total number of Fluormin ordinary shares to be issued to Sallies debenture holders will be 102,950. Pursuant to the implementation of the Offer the number and percentage of Sallies debentures held by Fluormin has increased from 83,412,850 (57.83%) prior to the implementation of the Offer to 139,905,822 (96.99%) post implementation of the Offer. 23 January 2012 Johannesburg Sponsor: Bridge Capital Advisors (Pty) Limited Date: 23/01/2012 14:00:02 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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