Metmar Limited\Traxys Africa Proprietary Limited - Postponement of finalisation announcement
Metmar Limited Traxys Africa Proprietary Limited
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 1998/007269/06) (Registration number 1992/002255/07)
JSE Share Code: MML ISIN: ZAE000078747 ("Traxys")
POSTPONEMENT OF FINALISATION ANNOUNCEMENT
1. POSTPONEMENT OF FINALISATION ANNOUNCEMENT
Metmar shareholders are referred to the announcement released on SENS on Thursday, 2 July
2015 advising that the cash offer by Traxys to acquire all the issued shares of Metmar by way
of a scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, as
amended, (the "Scheme") was approved by the requisite majority of Metmar shareholders.
Metmar shareholders are advised that certain conditions precedent pertaining to the Scheme
have not yet been fulfilled or waived and, accordingly, Metmar will not be in a position to
publish a finalisation announcement on Friday, 28 August 2015 as envisaged in the circular
posted to shareholders. As a result the timetable set out in the circular will no longer apply and
Metmar shareholders will be advised of the revised timetable by no later than Monday, 14
2. TRAXYS RESPONSIBILITY STATEMENT
Traxys (to the extent that the information relates to Traxys) accepts responsibility for the
information contained in this announcement and, to the best of its knowledge and belief,
confirms that the information is true and this announcement does not omit anything likely to
affect the importance of the information included.
3. INDEPENDENT BOARD RESPONSIBILITY STATEMENT
The independent board of Metmar established to consider the Scheme (to the extent that the
information relates to Metmar) accepts responsibility for the information contained in this
announcement and, to the best of its knowledge and belief, confirms that the information is true
and this announcement does not omit anything likely to affect the importance of the information
27 August 2015
Investment bank, corporate advisor and sponsor to Metmar: Nedbank CIB
Legal advisor to Metmar: Webber Wentzel
Legal advisor to Traxys: Edward Nathan Sonnenbergs Incorporated
Date: 27/08/2015 05:30:00 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.
Email this JSE Sens Item to a Friend.