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PPC LIMITED - Update Regarding the Proposed Restructuring of a Component of PPCs First BBBEE Transaction Implemented in 2008

Release Date: 06/05/2014 17:10
Code(s): PPC     PDF:  
Wrap Text
Update Regarding the Proposed Restructuring of a Component of PPC’s First BBBEE Transaction Implemented in 2008

PPC Ltd
Incorporated in the Republic of South Africa
(Registration number 1892/000667/06)
JSE share code: PPC
ZSE share code: PPC
JSE ISIN ZAE000170049
(“PPC” or the “Company”)

UPDATE REGARDING THE PROPOSED RESTRUCTURING OF A COMPONENT OF PPC’S FIRST BBBEE
TRANSACTION IMPLEMENTED IN 2008

PPC Shareholders (“Shareholders”) are referred to the transaction announcements
released on the Stock Exchange News Service (“SENS”) on 7 February and 18 March
2014, wherein PPC advised its Shareholders of the proposed broad-based black
economic empowerment (“BBBEE”) transaction involving the unwind of a component of
the 2008 BBBEE transaction, a new BBBEE transaction and the creation of a new class
of non-participating perpetual preference shares (“Transaction”).

The Transaction was expected to be completed on 30 April 2014. Shareholders are now
advised that the Transaction completion date has been postponed due to the
finalization of Transaction funding arrangements. Shareholders will be advised of
the new completion date with respect to the Transaction in due course.

Sandton
6 May 2014

For enquiries:
Jaco Snyman (Group Company Secretary)
PPC Ltd
Telephone +27 11 386 9000
Email jaco.snyman@ppc.co.za

Financial adviser:
Regiments Capital (Proprietary) Limited
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Legal adviser:
Bowman Gilfillan Incorporated
Preference Shares: Lead Arranger and Joint Book-runner
The Standard Bank of South Africa Limited
Preference Shares: Co-Arranger and Joint Book-runner
Rand Merchant Bank (a division of FirstRand Bank Limited)

Date: 06/05/2014 05:10:00 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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