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TRANS HEX GROUP LIMITED - Results of mandatory offer to Trans Hex Shareholders

Release Date: 28/11/2016 15:42
Code(s): TSX     PDF:  
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Results of mandatory offer to Trans Hex Shareholders

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex” or the “Company”)


Cream Magenta 140 Proprietary Limited
Metcap 14 Proprietary Limited
RAC Investment Holdings Proprietary Limited
(collectively, the “Offerors”)



RESULTS OF MANDATORY OFFER TO TRANS HEX SHAREHOLDERS


INTRODUCTION
Unless otherwise stated, words and expressions used herein bear the same meanings as
assigned to them in the circular posted to Trans Hex Shareholders (“Shareholders”) on Friday,
23 September 2016.
Shareholders are referred to the SENS announcement on Thursday, 11 August 2016, the
Circular posted to Shareholders on Friday, 23 September 2016 and the SENS announcement
on Friday, 28 October 2016, relating to the mandatory cash offer made by the Offerors, in terms
of section 123 of the Companies Act, to acquire the entire issued ordinary share capital of the
Company, , other than the issued Trans Hex Shares already held by the Offerors and the
Treasury Shares, at an Offer Consideration of R3.94 per Offer Share.
Shareholders are hereby advised that the Offer made by the Offerors closed at 12:00 on Friday,
25 November 2016.


RESULTS OF OFFER
Offer Consideration Recipients tendered 4 715 714 Offer Shares, being 16.09% of the total
number of Offer Shares. Accordingly, the Offer has resulted in an increase in the shareholding
of Trans Hex controlled by the Offerors of 4.46%. The Offerors now hold 76.74% of the Trans
Hex Shares, excluding the Treasury Shares.


Cape Town
28 November 2016


Sponsor to Trans Hex
One Capital


Advisors to the Offerors
Mettle Corporate Finance


General
The release, publication or distribution of this announcement in jurisdictions other than South Africa may
be restricted by law and, therefore, any persons who are subject to the laws of any jurisdiction other than
South Africa should inform themselves about and observe any applicable requirements in those
jurisdictions. This announcement has been prepared for the purposes of complying with the Companies
Act and the Companies Regulations and the information disclosed may consequently not be the same as
that which would have been disclosed if this announcement had been prepared in accordance with the
laws and regulations of any jurisdiction other than South Africa.

This announcement is not intended to, and does not, constitute, or form part of, an offer to sell or an
invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any
jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.
Shareholders are advised to read carefully the formal documentation in relation to the Offer once it has
been dispatched. The Offer will be made solely through the Circular, which will contain the full terms and
conditions of the Offer. Any decision to accept the Offer or other response to the proposals should be
made only on the basis of the information contained in the Circular.

Date: 28/11/2016 03:42:00 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.

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