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Finalisation Announcement in respect of scheme of arrangement
Iliad Africa Limited
Incorporated in the Republic of South Africa
(Registration number 1997/011938/06)
Share Code: ILA ISIN: ZAE000015038
(“Iliad” or “the Company”)
FINALISATION ANNOUNCEMENT IN RESPECT OF THE SCHEME OF ARRANGEMENT
Iliad shareholders are referred to the announcement published on the Stock Exchange News Service
(“SENS”) of the JSE Limited (“JSE”) on 29 September 2015, regarding the results of the general meeting
(“General Meeting”) in which the special resolution to approve the scheme of arrangement (“Scheme”)
was passed by the requisite majority of votes of Iliad Shareholders present in person or represented by
proxy at the General Meeting.
Iliad Shareholders are advised that the Takeover Regulation Panel (“TRP”) has issued a compliance
certificate in terms of section 121(b)(i) of the Companies Act, 2008 (Act No. 71 of 2008) (“Companies
Act”). All conditions precedent to the Scheme has therefore been fulfilled and the Scheme is now
unconditional.
As no appraisal rights in terms of section 164 of the Companies Act were exercised by any Iliad
Shareholder prior to or at the General Meeting the important dates and times in relation to the Scheme
have been amended as detailed below:
Action Date
Application for the delisting of Iliad Shares lodged with the JSE Tuesday, 15 December 2015
Last day to trade in Shares in order to be recorded on the Thursday, 31 December 2015
Register on the Record Date (Scheme Last Day to Trade)
Suspension of listing of Shares on the JSE Monday, 4 January 2016
Scheme Record Date on which Shareholders must be recorded Friday, 8 January 2016
in the Register to receive the Scheme Consideration
Implementation Date of the Scheme - Payment of cash and Monday, 11 January 2016
transfer of Shares
Termination of listing of Shares at commencement of trade on the Tuesday, 12 January 2016
JSE
In addition to the R 10.00 per Iliad share being paid by Steinhoff, the Board of Iliad have declared a Special
Dividend of 24 cents per share (gross) as all the conditions precedent to the Scheme have been met. The
timeline in relation to the Special Dividend is set out below:
Action Date
Special Dividend declaration date Tuesday, 15 December 2015
Last day to trade cum dividend Thursday, 31 December 2015
Special Dividend record date Friday, 8 January 2016
Special Dividend payment date Monday, 11 January 2016
Share certificates may not be dematerialised or rematerialised after Thursday, 31 December 2015.
Johannesburg
15 December 2015
Sponsor and Corporate Advisor to Iliad: Bridge Capital Advisors Proprietary Limited
Date: 15/12/2015 02:55:00 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.
