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CPN - Capricorn Investment Holdings Limited - Conclusion of the acquisition

Release Date: 18/05/2012 13:30
Code(s): CPN
Wrap Text

CPN - Capricorn Investment Holdings Limited - Conclusion of the acquisition of Western Utilities Corporation (Proprietary) Limited and specific share issue and revised salient dates CAPRICORN INVESTMENT HOLDINGS LIMITED (to be renamed Mine Restoration Investments Limited) (Registration Number 1987/004821/06) ("Capricorn" or "the Company") Share code: CPN ISIN: ZAE000149951 CONCLUSION OF THE ACQUISITION OF WESTERN UTILITIES CORPORATION (PROPRIETARY) LIMITED AND SPECIFIC SHARE ISSUE AND REVISED SALIENT DATES The Company is pleased to advise shareholders that following the SENS announcement published on 4 May 2012 which announcement noted that certain conditions precedent to the finalisation of the Specific Share Issues and the Acquisition of WUC remain outstanding, which transactions were detailed in the circular dated 2 April 2012, all the conditions precedent to the above-mentioned transactions have been fulfilled. An application will be made to the JSE for the unsuspension of the Company. Shareholders are advised that the salient dates as announced on 28 March 2012 have been amended as follows: SPECIFIC SHARE ISSUE TIMETABLE Finalisation data in relation to the Specific Friday, 18 May Share Issue announced on SENS by no later than Last date to trade shares in order to be Friday, 25 May eligible to subscribe for the Specific Share Issue Ex the entitlement to apply in terms of the Monday, 28 May Specific Share Issue Record date and closing date at 12h00 of the Friday, 1 June Specific Share Issue Dematerialised shareholders will have their Wednesday, 6 June accounts at their CSDP or broker updated on Refund cheques to be posted to certificated Wednesday, 6 June shareholders Date of issue and posting of new Mine Monday, 18 June Restoration Investments share certificates in terms of the Specific Share Issue to certificated shareholders on or about but not before
REVERSE-LISTING TIMETABLE Finalisation data in relation to the name change and conversion of shares to no par value shares Friday, 18 May announced on SENS by no later than Finalisation announcement in the press by no Monday, 21 May later than Last date to trade share in the old name Capricorn at a par value of R0.001 in order to Friday, 8 June be recorded as a shareholder by the record date on Listing of, and trading in, new Mine Restoration Investments ordinary shares ("Shares") with no Monday, 11 June par value under the new JSE Code MRI and ISIN ZAE000164562 on the Alternative Exchange Listing of new Mine Restoration Investments Shares with no par value in relation to the Monday, 11 June Specific Share Issue and the Acquisition on the JSE from the commencement of business on or about Record date for determining those shareholders whose shares will be subject to the change of Friday, 15 June name and conversion of share capital on Date of issue and posting of new Mine Restoration Investments share certificates to certificated shareholders, provided that the old Monday, 18 June share certificates have been lodged by 12h00 on the record date (share certificates received after this time will be posted within 5 business days of receipt) on or about Dematerialised shareholders will have their Monday, 18 June accounts at their CSDP or broker updated on Notes 1. Should dematerialised shareholders of the Company wish to participate in the above corporate actions, they are required to advise their CSDP or broker by the cut-off time stipulated above or in accordance with their agreements with their CSDP or broker. 2. Share certificates in the name of Capricorn will not be able to be dematerialised or rematerialised after Friday, 25 May 2012. For and on behalf of the board 18 May 2012 Johannesburg Sponsor Corporate Advisor Arcay Moela Sponsors AfrAsia Corporate Finance (Proprietary) Limited (Proprietary) Limited Date: 18/05/2012 13:30:01 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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