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PRETORIA PORTLAND CEMENT COMPANY LD - Finalisation announcement for the PPC BEE transaction

Release Date: 28/09/2012 13:15
Code(s): PPC     PDF:  
Wrap Text
Finalisation announcement for the PPC BEE transaction

Pretoria Portland Cement Company Limited
Incorporated in the Republic of South Africa
Registration number 1892/000667/06
JSE share code: PPC
ZSE share code: PPC
JSE ISIN: ZAE000125886
(“PPC” or the “Company”)

PROPOSED SECOND PHASE BROAD-BASED BLACK ECONOMIC EMPOWERMENT (“BBBEE”)
TRANSACTION, CANCELLATION OF PPC ORDINARY SHARES HELD BY PPC CEMENT (PROPRIETARY)
LIMITED AND CHANGE OF NAME FINALISATION ANNOUNCEMENT

Introduction

PPC ordinary shareholders (“Shareholders”) are referred to the transaction announcement, dated 12 July
2012, the posting of a circular announcement, dated 20 August 2012 (“circular announcement”) and the
results of general meeting announcement dated 18 September 2012, regarding, inter alia, PPC’s proposed
6.5% BBBEE transaction and the cancellation of the PPC ordinary shares held by PPC Cement (Proprietary)
Limited (collectively, the “Transaction”).

Conditions Precedent

Shareholders are advised that, all conditions precedent to the Transaction have now been fulfilled and the
Transaction will be implemented in accordance with the timetable detailed in the circular announcement
referred to above.

As set out in the circular announcement, it is expected that PPC will trade under a new name “PPC Limited”,
share code “PPC” and ISIN number: ZAE000170049 from commencement of trade on Monday, 8 October
2012.

Sandton
28 September 2012

Joint financial adviser and transaction sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Joint financial adviser
Quartile Capital (Proprietary) Limited

Sponsor
Merrill Lynch South Africa (Proprietary) Limited

Legal adviser to PPC
Bowman Gilfillan Inc.

Tax adviser to PPC
DLA Cliffe Dekker Hofmeyr Incorporated

Legal adviser to the Strategic Black Partners
Werksmans Inc

Independent expert
KPMG Services (Proprietary) Limited

Reporting accountants and auditors
Deloitte & Touche

Financial communication adviser
College Hill

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