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COMBINED MOTOR HOLDINGS LIMITED - Finalisation Announcement Regarding The Share Repurchase By The CMH of a Miximum of 21 133 000 Issued Shares

Release Date: 15/06/2015 07:05
Code(s): CMH     PDF:  
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Finalisation Announcement Regarding The Share Repurchase By The CMH of a Miximum of 21 133 000 Issued Shares

Combined Motor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
JSE share code: CMH ISIN number: ZAE000088050
("CMH" or “the Company”)

FINALISATION ANNOUNCEMENT REGARDING THE SHARE REPURCHASE BY THE COMPANY OF A MAXIMUM
OF 21 133 000 ISSUED SHARES (“Share Repurchase”)


1. INTRODUCTION

   Shareholders of CMH (“Shareholders”) are referred to the announcement dated 28 April 2015, whereby it was
   announced that the Company intends making the Share Repurchase by means of an offer to all Shareholders to
   voluntarily tender for repurchase at R11,83 per share in cash (“Share Repurchase Offer Consideration”) all, or a
   portion only, of their holding of ordinary shares (“Shares”) in the Company (“Share Repurchase Offer”). As further
   reported in the announcement of 29 May 2015, both resolutions to give effect to the Share Repurchase Offer, as
   contained in the circular sent to Shareholders dated 30 April 2015 (“the Circular”), were duly approved by the
   requisite majority of votes.

2. CONDITIONS PRECEDENT AND FINALISATION DATES

   Shareholders are advised that following the receipt of the compliance certificate from the Takeover Regulation
   Panel in terms of section 119(4)(b) of the Companies Act No. 71 of 2008 in respect of the Share Repurchase Offer,
   all outstanding conditions precedent as contained in the Circular have now been fulfilled.

   Shareholders are reminded of the remaining important dates and times pertinent to the Share Repurchase Offer:
  
   Action                                                                                                      2015
  
   Share Repurchase Offer last day to trade in Shares in order to be registered as a
   Shareholder in the Register of the Company at the Share Repurchase Offer record date                Friday, 26 June
  
   Shares trade “ex” the right to participate in the Share Repurchase Offer                            Monday, 29 June
  
   Share Repurchase Offer record date being the date by which a Shareholder must be
   recorded as such in the Register of the Company in order to be entitled to participate in
   the Share Repurchase Offer, on                                                                      Friday, 3 July
   
   Share Repurchase Offer closing date being the date for the closing of the Share
   Repurchase Offer at 12:00, on                                                                       Friday, 3 July
   
   Share Repurchase Offer payment date being the date for the settling of the Share
   Repurchase Offer Consideration, on or about                                                         Monday, 6 July
  
   Expected date for the delisting from the JSE of the Shares repurchased in terms of the
   Share Repurchase Offer, from the commencement of trading on the JSE, on or about                   Tuesday, 7 July

3. FURTHER ANNOUNCEMENT

   An announcement will be made on or about 6 July 2015 reporting on the results of the Share Repurchase Offer.


Durban
15 June 2015

 Sponsor and Corporate Advisor             Independent Expert               Independent Reporting
 PricewaterhouseCoopers Corporate          BDO Corporate Finance            Accountants and Auditors
 Finance (Proprietary) Limited             Proprietary Limited              PricewaterhouseCoopers Inc.

Date: 15/06/2015 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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