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BEIGE HOLDINGS LIMITED - Section 124 Notice and Suspension of Trading in Preference Shares

Release Date: 19/09/2012 09:25
Code(s): BEG BEGP2     PDF:  
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Section 124 Notice and Suspension of Trading in Preference Shares

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: 000154787          Share code: BEGP2


NOTICE OF ACQUISITION OFFER BY THE LION MATCH COMPANY (PTY) LTD (“LION MATCH”) TO ALL REMAINING PREFERENCE SHAREHOLDERS OF BEIGE IN TERMS OF
SECTION 124 OF THE COMPANIES ACT NO. 71 OF 2008 (“THE ACT”)


NOTIFICATION IN TERMS OF SECTION 124 OF THE COMPANIES ACT, 2008
Preference shareholders are referred to the announcement released on SENS on 18 June 2012 advising Beige
preference shareholders that following the mandatory and comparable offers made to Beige shareholders,
which offers closed on 15 June 2012, it had acquired and holds 23 738 484 preference shares, being 94.95%
of the issued preference share capital in Beige.

As a result of these acquisitions of preference shares in Beige, Lion Match holds more than 90% of the
preference share capital and has accordingly elected to exercise the provisions of section 124 of the
Companies Act, 2008 (“the Act”) to compulsorily acquire, on the same terms and conditions contained in the
offer circular dated 19 March 2012 and the revised offer circular dated 18 May 2012 (“the offer circulars”),
the remaining preference shares which it does not already own. In this regard, a section 124 notice was
posted to all preference shareholders on 15 August 2012.

SUSPENSION OF LISTING OF THE PREFERENCE SHARES ON THE JSE LIMITED (“JSE”)
The listing of the preference shares will be suspended on the JSE with effect from the commencement of
trade on the JSE on Wednesday, 19 September 2012. Final dates and times relating to the termination of the
listing of the preference shares on the JSE will be announced in due course.

Johannesburg
19 September 2012

Designated Advisor
Arcay Moela Sponsors (Pty) Ltd

Date: 19/09/2012 09:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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