Update on Scheme of Arrangement
Village Main Reef Limited
(Registration number 1934/005703/06)
JSE code: VIL
("Village" or "the Company")
UPDATE ON SCHEME OF ARRANGEMENT
Shareholders of Village ("Village Shareholders") are referred to the announcement
released on the Stock Exchange News Service on 7 April 2015, which detailed the results
of the General Meeting, where the resolutions required to approve the Scheme were
passed by the requisite majority of Village Shareholders as set out in the circular issued to
Village Shareholders on 6 March 2015 regarding the Scheme (“Circular”).
Words and expressions used in this announcement shall have the meanings ascribed to
them in the Circular.
Shareholders are further referred to the conditions precedent to the Scheme (“Scheme
Conditions”), as detailed in the Circular. As indicated in the Important Dates and Times
section of the Circular, it was previously anticipated that all Scheme Conditions would be
fulfilled on or about 30 April 2015. Shareholders are advised that the Scheme Conditions
referred to in paragraphs 220.127.116.11, 18.104.22.168, 22.214.171.124 and 126.96.36.199 of the Circular have not yet
been fulfilled. All other Scheme Conditions have been fulfilled.
Village will in due course announce an updated timetable for the implementation of the
Scheme, once it has clarity on the fulfilment dates for the final Scheme Conditions.
30 April 2015
Corporate adviser to Village Main Reef Corporate adviser to Heaven-Sent
Limited Capital Group Management Co., Ltd
Qinisele Resources Proprietary Limited Standard Chartered Bank
South African Legal Advisor to Heaven-
JSE Sponsor to Village Main Reef
Capital Management Group Co., Ltd
Bravura Capital Proprietary Limited Werksmans Attorneys
South African Legal Advisor to Village
Independent Expert to Village
Main Reef Limited
Edward Nathan Sonnenbergs Incorporated Venmyn Deloitte
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