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EXXARO RESOURCES LIMITED - EXX - Replacement BEE Transaction Investor Finalisation Announcement

Release Date: 01/12/2017 08:00
Code(s): EXX     PDF:  
Wrap Text
EXX - Replacement BEE Transaction Investor Finalisation Announcement

Exxaro Resources Limited
(Incorporated in the Republic of South Africa)
Registration number: 2000/011076/06
JSE share code: EXX
ISIN: ZAE000084992
ADR code: EXXAY
(“Exxaro” or the “Company”)

REPLACEMENT BEE TRANSACTION INVESTOR FINALISATION ANNOUNCEMENT

Capitalised terms have the same meaning as in the announcement released on SENS on 18 September
2017

Shareholders are referred to the announcements released on SENS on 18 September 2017, 17 October
2017, 23 October 2017 and 22 November 2017 relating to the Replacement BEE Transaction.
Shareholders are advised that all conditions precedent required to implement the Replacement BEE
Transaction, including the Second Repurchase and the Specific Issue, have been met.

In light of the conditions precedent having been met sooner than initially anticipated, the date on which
the Second Repurchase, including cancellation and delisting of the Second Repurchase Scheme Shares,
will be implemented (the “Repurchase Implementation Date”) and the date on which the New
Empowerment Structure, including the issue of the Specific Issue Shares, will be implemented (the “BEE
Implementation Date”) has been brought forward. Set out below are the revised salient dates relating to
the implementation of the Replacement BEE Transaction:

                                                                                                   2017

Finalisation announcement released on SENS                                           Friday, 1 December

Last day for Exxaro Independent Shareholders who voted                               Monday, 4 December
against the Second Repurchase Scheme to apply to court for
leave to apply for a review of the Second Repurchase Scheme in
terms of section 115(3)(b) of the Companies Act

Finalisation announcement published in the press                                     Monday, 4 December

Repurchase Implementation Date (including cancellation and                           Friday, 8 December
delisting of Second Repurchase Scheme Shares) on

BEE Implementation Date (including Specific Issue Shares                            Monday, 11 December
issued) on

SE van Loggerenberg
Group Company Secretary
Pretoria
1 December 2017

Merchant bank, financial adviser and transaction sponsor to Exxaro
Rand Merchant Bank, a division of FirstRand Bank Limited

Company sponsor to Exxaro
Absa Bank Limited, acting through its corporate and investment banking division

Date: 01/12/2017 08:00:00 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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