To view the PDF file, sign up for a MySharenet subscription.

METAIR INVESTMENTS LIMITED - Initiation of the squeeze-out transaction pursuant to the MTO transaction

Release Date: 14/07/2014 15:36
Code(s): MTA     PDF:  
Wrap Text
Initiation of the squeeze-out transaction pursuant 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”)

INITIATION OF THE SQUEEZE-OUT TRANSACTION PURSUANT TO THE MTO TRANSACTION

Shareholders of Metair (“Shareholders”) are referred to the announcement published by Metair on
12 March 2014 on the Stock Exchange News Service (“SENS”) regarding the closing of a mandatory
tender offer (“MTO”) to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim Sirketi
("Mutlu Aku") (“MTO Transaction”).

Metair is pleased to notify Shareholders that, following the successful conclusion of the MTO
Transaction, Metair, acting through its subsidiary Metair Aku Holding A.S (“Metair Aku”), has
commenced with the initiation of a squeeze out transaction, pursuant to which Metair Aku shall
acquire all the remaining shares in Mutlu Aku (“Squeeze Out”). The successful implementation of the
Squeeze Out will result in Mutlu Aku becoming a wholly-owned subsidiary of Metair.

The Squeeze Out remains, in terms of Turkish regulations, subject to the approval of the Capital
Markets Board of Turkey.

Johannesburg
14 July 2014

Sponsor: One Capital

Date: 14/07/2014 03:36:00 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.

Share This Story