METMAR LIMITED - Metmar Limited\Traxys Africa Proprietary Limited - Postponement of finalisation announcement

Release Date: 27/08/2015 17:30
Code(s): MML
 
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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")
 ("Metmar")




                        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
      September 2015.

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
      included.



Bryanston

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

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