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MAINLAND REAL ESTATE LIMITED - JSE Delisting

Release Date: 29/01/2019 10:33
Code(s): MLD     PDF:  
Wrap Text
JSE Delisting

MAINLAND REAL ESTATE LTD
(Incorporated in the Republic of Mauritius)
(Registration number 135891 C1/GBL)
SEM share code: MAIN.N0000
JSE share code: MLD  ISIN: MU0520N00000
("Mainland" or "the company")


JSE DELISTING


Mainland refers to the announcement released on SENS and on the website of the Stock Exchange of Mauritius Ltd 
("SEM")on 28 December 2018 wherein the company informed the market that 100% of Mainland shares have been acquired 
by 4 wholly-owned subsidiaries of PT Lippo Karawaci Tbk and that following the change in shareholding, the company 
intends for its shares to be delisted from the Alternative Exchange of the JSE Limited ("JSE").

On the basis that Mainland no longer meets the JSE’s shareholder spread requirements, the JSE has granted Mainland a
dispensation to delist from the JSE without further compliance with section 1 of the JSE Listings Requirements.

Accordingly, the entire issued share capital of Mainland will be delisted from the JSE in accordance with the following 
timetable:

                                                                                                                    2019
Last day to trade in Mainland shares on the JSE prior to the delisting                               Tuesday, 5 February
Listing of Mainland shares suspended on the JSE with effect from the commencement of trade on      Wednesday, 6 February
the JSE on
Record date for the termination of listing of Mainland shares on the JSE                              Friday, 8 February
Termination of listing of Mainland shares at the commencement of trade on the JSE on                 Monday, 11 February

Notes:
1. Mainland shares on the South African register may not be dematerialised or rematerialised after Tuesday, 5 February 2019.
2. There will be no cash payment to Mainland shareholders as a result of the JSE delisting.

The directors of the company wish to reiterate that Mainland will retain its listing on the Official Market of the SEM.

The company currently has a primary listing on the Official Market of the SEM and and a secondary listing on the Alternative
Exchange of the JSE.

By order of the Board

29 January 2019


This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities
(Disclosure Obligations of Reporting Issuers) Rules 2007. The Board accepts full responsibility for the accuracy of the
information in this announcement.

For further information please contact:


                                                
JSE sponsor
Java Capital                                                                           
Tel: +27 11 722 3050  

                                                               
SEM authorised representative and sponsor
Perigeum Capital
Tel: +230 402 0890 


Company Secretary
Intercontinental Trust Ltd                                   
Tel: +230 403 0800

Date: 29/01/2019 10:33:00 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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