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Notice of maturity cash payment or conversion and final interest payment
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number 1903/001879/06)
JSE Code: SALD ISIN: ZAE000117305
("Sallies" or the “Company”)
NOTICE OF MATURITY CASH PAYMENT OR CONVERSION TO ORDINARY SHARES AND FINAL INTEREST PAYMENT ON
UNSUBORDINATED UNSECURED CONVERTIBLE DEBENTURES OF R0.50 EACH ("DEBENTURES")
Notice is hereby given that all Debentures will mature on 31 December 2012 and the repayment or
conversion thereof will be dealt with in accordance with the terms and conditions attaching to the
Debentures (the “Debenture Terms”) as reflected in the Company’s circular to its shareholders dated
14 April 2008. Debenture holders are reminded that the Company’s ordinary shares are no longer
listed on the JSE and are thus no longer tradable on the Johannesburg Stock Exchange.
Debenture holders are also notified that, in accordance with the Debenture Terms, this notice
constitutes an “Issuer’s Notice” as described therein and accordingly each Debenture holder is
invited, in the manner prescribed by the Debenture Terms to elect: (i) by way of a “Holders
Conversion Notice” that all or part of his or her Debentures be converted into Sallies ordinary shares
with effect from the Repayment Date; or (ii) by way of a “Holders Repayment Notice” that all or part of
his or her Debentures be repaid. A form of Holders Conversion Notice and Holders Repayment Notice
will be made available for this purpose on the Company’s website www.sallies.co.za from Monday 19
November 2012.
Debenture Holders should note that, pursuant to the Debenture Terms, in the event that the
Company’s Transfer Secretaries, Computershare Investor Services (Proprietary) Limited,
(“Computershare”) at PO Box 61763, Marshalltown, 2107 do not timeously receive duly completed
“Holders Conversion Notices” or “Holders Repayment Notices”, as the case may be, Debentures held
by the relevant Debenture Holder will be repaid in cash at 50 cents per debenture on the Repayment
Date being 31 December 2012, on condition that certificates, where applicable, have been returned to
Computershare for surrender.
Debenture holders are reminded, pursuant to the Debenture Terms, to surrender any Certificates (as
defined in the Debenture Terms) to Computershare at PO Box 61763, Marshalltown, 2107 by no later
than 12h00 on Friday 28 December 2012.
Notice is hereby given that Interest Payment number 10 has been determined in accordance with the
Debenture Terms based upon a period of 184 days, being from 30 June 2012 to 30 December 2012.
Interest payment number: 10
Rate: 10% p.a.
Cents per debenture: 2.52054
Total payment, including capital: 52.52054 cents
Last day to trade "cum" interest payment,
Capital payment/conversion: Wednesday, 19 December 2012
Debentures suspended from listing at
commencement of trade: Thursday, 20 December 2012
Record date for interest payment, conversion or repayment: Friday, 28 December 2012
Last day for Surrender of Certificates by 12h00: Friday, 28 December 2012
Payment date: Monday, 31 December 2012
Listing terminated at commencement
of trade: Wednesday, 2 January 2013
Debenture holders registered as at Friday, 28 December 2012 will receive payment on Monday 31
December where after all debentures will be delisted.
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
Date 16 November 2012
Date: 16/11/2012 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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