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METAIR INVESTMENTS LIMITED - Update to the MTO transaction

Release Date: 19/02/2014 07:05
Code(s): MTA     PDF:  
Wrap Text
Update to the MTO transaction

Metair Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1948/031013/06
Share code: MTA
ISIN: ZAE000090692
(“Metair”)


UPDATE TO THE MTO TRANSACTION

Shareholders of Metair (“Shareholders”) are referred to the following announcements
released on the Stock Exchange News Service on:

    -   19 December 2013 pertaining to Metair’s application (acting through its subsidiary
        Metair Aku Holding A.S), in terms of Turkish regulations, to the Capital Markets
        Board of Turkey (“CMB”) in respect of a mandatory tender offer (“MTO”) to the
        minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi ("Mutlu
        Aku") (“MTO Transaction”);

    -   10 February 2014 pertaining to the CMB’s approval of the MTO Transaction; and

    -   12 February 2014 pertaining to Metair’s launch of the MTO Transaction.

Shareholders are hereby notified that as of today, 18 February 2014 (being the fifth business
day that the MTO has been open for acceptances), TL 8,498,656.87 nominal share capital
representing 59.96% of the shares subject to the MTO and 14.99% of the total outstanding
share capital have been received. As a result, Metair’s interest in Mutlu Aku will increase to
89.99%. The MTO will remain open for acceptance until 11 March 2014.


Shareholders will be provided with a weekly update on SENS during the period of the MTO
Transaction.
Johannesburg
18 February 2014


Financial advisor to Metair: Absa Bank Limited (acting through its Corporate and Investment
Banking Division) and Barclays Bank PLC (acting through its investment bank)
Sole bookrunner, sole debt advisor and transaction sponsor to Metair: Absa Bank Limited
(acting through its Corporate and Investment Banking Division)

Independent Sponsor to Metair: One Capital
South African corporate law advisors to Metair: Taback and Associates (Pty) Ltd
Independent reporting accountants: PricewaterhouseCoopers Inc.
Turkish legal advisors to Metair: Taboglu & Demirhan Attorneys at Law
Legal advisors to Absa Bank Limited and Barclays Bank PLC: Bowman Gilfillan Inc.

Date: 19/02/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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