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BRAIT SE - Posting of circular relating to Braits proposed disposal of its effective 37.06% interest in Pepkor to Steinhoff

Release Date: 12/12/2014 09:00
Code(s): BATP BAT     PDF:  
Wrap Text
Posting of circular relating to Brait’s proposed disposal of its effective 37.06% interest in Pepkor to Steinhoff

Brait SE
(Registered in Malta as a European Company)
(Registration No. SE1)
Share Code: BAT ISIN: LU0011857645
Share Code: BATP ISIN: MT0000680208
(“Brait” or “the Company”)

POSTING OF CIRCULAR RELATING TO BRAIT’S PROPOSED DISPOSAL OF ITS
EFFECTIVE 37.06% ECONOMIC INTEREST IN PEPKOR HOLDINGS PROPRIETARY LIMITED
(“PEPKOR”) TO STEINHOFF INTERNATIONAL HOLDINGS LIMITED (“STEINHOFF”)

Shareholders are referred to the detailed terms announcement released on
the website of the Luxembourg Stock Exchange (“LuxSE”) and on the Stock
Exchange News Service (“SENS”) of the JSE Limited on 25 November 2014 in
which they were advised that Brait’s subsidiary, Brait Mauritius Limited,
had entered into a sale of shares agreement with Steinhoff in terms of
which it is proposed that Steinhoff will acquire Brait’s effective 37.06%
interest in Pepkor (“the Brait Transaction”).

A circular, setting out, inter alia, the terms of the Brait Transaction
and incorporating a Notice of Extraordinary General Meeting (“EGM”)
convening an EGM of Brait shareholders in order to consider and, if
deemed fit, pass the ordinary resolutions necessary to authorise the
Brait Transaction, will be posted to shareholders today, 12 December 2014
(“the Circular”).

In the event that delays are experienced in the receipt of the Circular,
shareholders can call +27 (0)11 507 1000 or e-mail invest@brait.com, in
order to request an electronic version of the Circular. Those
shareholders whose email addresses and/or mobile phone numbers have been
communicated to the Company, either directly or via their CSDPs or
brokers, will today receive SMS notification of the availability of the
Circular and/or an email containing a hyperlink through which an
electronic copy of the Circular can be accessed. The Circular is also
available on the Company’s website, www.brait.com.

The salient dates pertaining to the EGM, also contained in the Circular,
are as follows:

                                                               2015

Last day to trade in Brait shares in order to      Friday, 9 January
be eligible to participate in and vote at the
EGM

Record date to determine which Brait              Friday, 16 January
shareholders are entitled to participate in
and vote at the EGM

Submission of form of proxy to the Luxembourg     Sunday, 25 January
Registrar and Transfer Agent or to the South
African Transfer Secretaries by 11h00 CET on

Submission of form of proxy to the Company’s      Monday, 26 January
registered office by 11h00 CET on

EGM to be held at the Company’s registered       Tuesday, 27 January
office, 4th Floor, Avantech Building, St
Julian’s Road, San Gwann, SGN, 2805, Malta at
11h00 CET on
                                                 Tuesday, 27 January
Results of the EGM to be published on the
website of LuxSE and on SENS on

All times provided are Central European Time which, on all of the above dates,
is one hour behind South African time.

The Company’s primary listing is on the Euro MTF market of the LuxSE and
its secondary listing is on the Johannesburg Stock Exchange.

Malta
12 December 2014

Financial adviser and sponsor to Brait
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12/12/2014 09:00:00 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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