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JSE LIMITED - GEN-General-Country Bird Hldgs Pty Ltd-Announcement that the CBH offer is unconditional-as per Regulation 102(10)

Release Date: 14/09/2016 12:53
Code(s): JSER     PDF:  
Wrap Text
GEN-General-Country Bird Hldgs Pty Ltd-Announcement that the CBH offer is unconditional-as per Regulation 102(10)

Country Bird Holdings Proprietary Limited
Incorporated in the Republic of South Africa
(Registration number 2005/008505/07)
(“CBH”)


ANNOUNCEMENT THAT THE CBH OFFER IS UNCONDITIONAL AS TO ACCEPTANCES AS
REQUIRED BY REGULATION 102(10) OF THE COMPANIES REGULATIONS, 2011


Sovereign shareholders (“Sovereign Shareholders”) are referred to the announcement released by
CBH on SENS on Tuesday, 12 September 2016 notifying Sovereign Shareholders that conditional cash
offer by CBH to acquire the entire ordinary share capital of Sovereign other than those ordinary shares
already held by CBH and its concert parties and other than the ordinary shares held by Sovereign’s
subsidiaries (“Offer”) is now unconditional as to acceptances.

Regulation 102(10) of the Companies Regulations, 2011, requires that on the 45 th business day after
the day upon which a conditional general offer opened an announcement shall be made by no later
than 16:30 as to whether the offer is unconditional as to acceptances, or has terminated. Due to
Wednesday, 3 August 2016, being made a public holiday, today, being Wednesday, 14 September
2016, is the 45th business day after the Offer opened.

In accordance with the Companies Regulations, 2011, Sovereign Shareholders are again notified that
CBH has waived the condition as to acceptances.


Johannesburg
14 September 2016

Financial advisor: Investec Bank Limited

Legal advisor: Kern & Partners

Competition law advisor: Bowman Gilfillan

Date: 14/09/2016 12:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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