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PETMIN LIMITED - De-listing and termination of Petmin's secondary listing on the Alternative Investment Market (AIM) of the LSE

Release Date: 12/09/2013 09:29
Code(s): PET     PDF:  
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De-listing and termination of  Petmin's secondary listing on the Alternative Investment Market (AIM) of the LSE

PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or the “Company")

12 September 2013

DE-LISTING AND TERMINATION OF PETMIN’S SECONDARY LISTING ON THE
ALTERNATIVE INVESTMENT MARKET (AIM) OF THE LONDON STOCK EXCHANGE
(LSE)


As part of the reduction of corporate overhead costs, Petmin has taken a decision to terminate its
secondary listing on the AIM in London. In terms of Section 5.2.8 of the LSE Listings Requirements
and Section 18.8 of the JSE Listings Requirements, shareholders are hereby notified of this decision.


Over the past twelve months, the average daily volume of Petmin shares traded on AIM was 10,820
compared to 1,264,977 shares on the JSE.


Whilst Petmin remains cognisant of the interest of all shareholders, the rationale for delisting on AIM
is informed by the low volume of trade in the company`s shares on the AIM, with the UK register
comprising less than 3% of the overall total shareholding.


The Company has determined that the secondary listing is administratively intensive and costly, and is
of the view that the volume of trade over the past few years does not sufficiently warrant a presence in
London, nor the expense of maintaining a secondary listing on the AIM.


Shareholders are further notified that all shareholders reflected on the UK register as at the record date
of 1 November, 2013, currently administered by Computershare Investor Services (Jersey) Limited,
will be transferred onto the South African Register administered by Computershare Transfer
Secretaries in South Africa. The company will maintain its listing on the JSE.


Shareholders on the UK Register are required to inform the Transfer Secretaries in South Africa
whether they wish to hold their documents of title in electronic or certificated form. If shareholders
elect a dematerialised format, they are required to seek advice from their broker or a South African
based Central Securities Depository Participant ("CSDP") as to the required procedures.
Alternatively, if shareholders elect to remain in certificated form, the address to which the
replacement certificate is to be posted must be provided to the Transfer Secretaries in South Africa.


The delisting from the AIM has been approved by AIM and the JSE has been notified. The Salient
Dates relating to the delisting are as follows:
Last day to trade on AIM                                           10 October 2013
Surrender of share certificates to UK Transfer Secretaries         1 November 2013
Merger of Registers                                                04 November 2013
Delisting from the AIM                                             11 October 2013
Commencement of Trading of merged register on the JSE              06 November 2013


Further detailed announcement in this regard as well as instructions to shareholders will be posted to
shareholders in due course.


Enquiries:


Petmin
Bradley Doig
+27 11 706 1644


Media
Jonathon Rees
+27 76 185 1827


Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos
+27 834 408 365


Nominated Adviser and Broker (AIM)
Macquarie Capital (Europe) Limited
Steve Baldwin, Nicholas Harland
+44 20 3037 2000


Johannesburg
12 September 2013
River Group

Date: 12/09/2013 09:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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