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BUILDMAX LIMITED - Change of dates pertaining to share consolidation

Release Date: 09/11/2012 09:24
Code(s): BDM     PDF:  
Wrap Text
Change of dates pertaining to share consolidation

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)                     
Share Code: BDM
ISIN Code: ZAE000011250                                        
("Buildmax" or the Company)                                                     

CHANGE OF DATES PERTAINING TO SHARE CONSOLIDATION

Shareholders of Buildmax (Shareholders) are referred to the announcements dated 2 May , 22 August , 25 September  
and 17 October 2012 respectively. Shareholders are herewith advised that the special resolution, as approved at 
the Shareholders meeting held on 16 October 2012 to amend the Memorandum of Incorporation to allow for the consolidation 
of the ordinary shares in the share capital of Buildmax on a 1 for 19 basis (Share Consolidation), has been submitted 
by the Company, however has not yet been registered by the Companies and Intellectual Property Commission (CIPC). 
As a result of this delay, all conditions have not been met for the Share Consolidation to proceed in terms of the 
timetable as set out in the announcement dated 25 September 2012 and in the circular to Shareholders, dated 25 September 2012.

The duration of the registration process by CIPC is completely out of the Companys control and, as a result,
 Shareholders will be advised of the new timetable pertaining to the Share Consolidation as soon as CIPC register 
the special resolution.

Benoni
9 November 2012

Sponsor
QuestCo (Pty) Limited


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