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Posting Of Circular And Notice Of General Meeting
SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1968/011249/06
N-Shares share code: SRN; Ordinary Shares share code: SER
ISIN: ZAE000030144; ISIN: ZAE000029815
(“Seardel” or “the Company”)
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
1. INTRODUCTION
Seardel ordinary shareholders and N-ordinary shareholders (collectively, the "Seardel Shareholders") are referred to
the announcement released by Seardel on SENS on Tuesday, 29 October 2013 and published in the press on
Wednesday, 30 October 2013, regarding the disposal by Seardel Group Trading Proprietary Limited, a wholly-owned
subsidiary of Seardel, of its apparel manufacturing business, excluding the Lesotho operation, to the Southern African
Clothing and Textile Workers Union (the “Proposed Transaction”).
Seardel Shareholders are hereby advised that a circular (“Circular”) has been posted to Seardel Shareholders today
containing, inter alia:
• details of the Proposed Transaction;
• a notice convening the general meeting of the Seardel Shareholders (“General Meeting”); and
• a form of proxy to vote at the General Meeting (for use only by Certificated Seardel Shareholders and Own-name
Dematerialised Seardel Shareholders).
Seardel Shareholders are advised that the Proposed Transaction is subject to the fulfilment of certain conditions
precedent detailed in the Circular, and are advised to review the Circular for a summary of the key terms and conditions
of the Proposed Transaction.
2. NOTICE OF SEARDEL SHAREHOLDERS MEETING
The General Meeting will be held at the offices of Seardel, 1 Moorsom Avenue, Epping Industria 2, Cape Town, 7460, on
Tuesday, 21 January 2014 at 10:00 to consider and, if deemed fit, pass, with or without modification, the resolutions
necessary to implement the Proposed Transaction.
3. IMPORTANT DATES AND TIMES
The important dates and times in relation to the General Meeting are set out below:
2013
Notice record date, being the date on which a Seardel Shareholder must
be registered in Seardel’s securities register in order to be eligible to
receive the notice convening the General Meeting, on Friday, 6 December
Circular posted to Seardel Shareholders and notice convening the General
Meeting released on SENS on Wednesday, 18 December
Notice convening the General Meeting published in the South African press on Thursday, 19 December
2014
Last day to trade in ordinary shares and N-ordinary shares of Seardel in
order to be recorded in Seardel’s securities register to participate in and
vote at the General Meeting Friday, 3 January
Record date for the General Meeting, being the date on which a Seardel
Shareholder must be registered in Seardel’s securities register in order to
be eligible to attend and participate in the General Meeting and to vote
thereat, by close of trade on Friday, 10 January
Proxy forms in respect of the General Meeting to be lodged with the
Transfer Secretaries, for administrative purposes, by 10:00, on (or may
thereafter be lodged by hand with Seardel prior to 10:00 on Tuesday, 21
January 2014) Friday, 17 January
General Meeting held at 10:00 on Tuesday, 21 January
Results of the General Meeting released on SENS on Tuesday, 21 January
Notes:
1. All dates and times are subject to amendment at the discretion of Seardel. Any change will be published on SENS
and in the South African press.
2. Seardel Shareholders should note that, as transactions in ordinary shares and N-ordinary shares of Seardel are
settled in the electronic settlement system used by Strate, settlement of trades takes place 5 business days after
such trade. Therefore, Seardel Shareholders who acquire ordinary shares and N-ordinary shares of Seardel after
Friday, 3 January 2014 will not be eligible to participate in and vote at the General Meeting.
3. All times are local times in South Africa.
Cape Town
18 December 2013
Investment Bank and Transaction Sponsor
Investec Corporate Finance
Legal Advisor
Taback and Associates Proprietary Limited
Reporting Accountants
KPMG Inc.
Independent Expert
BDO Corporate Finance Proprietary Limited
Date: 18/12/2013 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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