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MONEYWEB HOLDINGS LIMITED - Finalisation Announcement

Release Date: 07/08/2017 10:12
Code(s): MNY     PDF:  
Wrap Text
Finalisation Announcement

MONEYWEB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/025067/06)
Share code: MNY ISIN Code: ZAE000025409
("Moneyweb" or "the company")

FINALISATION ANNOUNCEMENT 

Shareholders are referred to the announcement released on SENS on Friday,
14 July 2017 and published in the press on Monday, 17 July 2017 wherein
they were advised that the special and ordinary resolutions proposed at the
Scheme Meeting were approved by the requisite majority of shareholders
present and/or represented by proxy and eligible to vote.

Shareholders are advised that no shareholders exercised their rights in terms
of section 115 of the Companies Act, 2008 and that all conditions precedent
as detailed in the circular have been fulfilled. The Scheme of Arrangement will
therefore be implemented in accordance with its terms and conditions.

The Scheme of Arrangement will proceed according to the following salient
dates and times: 
                                                                        2017
Scheme LDT, being the last day to trade
Moneyweb Shares on the JSE in order to be
recorded in the Register to receive the Scheme
Consideration, by close of business on                    Tuesday, 15 August

Suspension of listing of Moneyweb Shares on the
JSE expected to take place at the commencement
of trade on                                             Wednesday, 16 August 

Expected Scheme Consideration Record Date,
being the date on which Scheme Participants must
be recorded in the Register to receive the Scheme
Consideration, by close of trade on                        Friday, 18 August

Expected Implementation Date of the Scheme                 Monday, 21 August 

Expected payment and delivery of
Scheme Consideration                                       Monday, 21 August 

Expected termination of listing of Moneyweb
Shares at commencement of trade on the JSE                Tuesday, 22 August

To the extent that the distribution of the Scheme Consideration in certain
jurisdictions outside of South Africa may be restricted or prohibited by the
laws of such foreign jurisdiction, this announcement is deemed to have been
provided for information purposes only and the Moneyweb Board accepts
no responsibility for any failure by Scheme Participants to inform themselves
about, and to observe, any applicable legal requirements in any relevant
foreign jurisdiction.

Scheme Participants who are in doubt as to their position should consult their
professional advisors.

Johannesburg
7 August 2017

Designated Advisor
ARBOR CAPITAL SPONSORS


Date: 07/08/2017 10:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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