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METAIR INVESTMENTS LIMITED - Finalisation of the Squeeze-Out transaction

Release Date: 23/03/2015 15:35
Code(s): MTA     PDF:  
Wrap Text
Finalisation of the Squeeze-Out transaction

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


FINALISATION OF THE SQUEEZE-OUT TRANSACTION


Shareholders of Metair (“Shareholders”) are referred to the announcements published by Metair
on the JSE Limited’s Stock Exchange News Service on 12 March 2014 regarding the closing of a
mandatory tender offer to the minority shareholders of Mutlu Aku ve Malzemeleri Sanayii Anonim
Sirketi (“Mutlu Aku”), on 14 July 2014 regarding the commencement of the implementation of a
squeeze out transaction, pursuant to which Metair Aku Holding A.S (“Metair Aku”) shall acquire all
the remaining shares in Mutlu Aku (“Squeeze Out”), on 18 December 2014 regarding the legislative
changes and delay on the Squeeze Out transaction and on 19 February 2015 regarding the sell
rights of the Squeeze Out transaction.

Shareholders are accordingly advised that final documents and payment for the remaining minority
shares was submitted to the trade registry and the Capital Markets Board of Turkey. Mutlu Aku
has become a wholly-owned subsidiary of Metair Aku and, as a result, will also be delisted from
the Borsa Istanbul.


Johannesburg
23 March 2015

Sponsor: One Capital

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