Wrap Text
Joint Announcement – Posting of Circular
Bauba Resources Limited Raubex Group Limited
Incorporated in the Republic of South Africa (Incorporated in the Republic of South Africa)
(Registration number: 1986/004649/06) (Registration number: 2006/023666/06)
Share code: BAU ISIN: ZAE000145686 Share code: RBX ISIN: ZAE000093183
("Bauba") ("Raubex")
JOINT ANNOUNCEMENT – POSTING OF CIRCULAR
1. Introduction
Bauba Shareholders are referred to the: (i) joint firm intention announcement released on the
Stock Exchange News Service ("SENS") on Thursday, 3 February 2022 ("FIA") wherein they
were advised of Raubex's firm intention (through its subsidiary, Raubex Proprietary Limited
acting in concert with Pelagic) to make a mandatory offer to Bauba Shareholders to acquire all
of their Shares for an Offer Consideration of R0.42 per Share; (ii) joint announcement regarding
an update to the Circular released on SENS on Monday, 7 February 2022; and (iii) joint
announcement regarding the extension of the Circular distribution date released on SENS on
Thursday, 3 March 2022.
Unless expressly defined in this announcement, or the context indicates otherwise, capitalised
terms herein have the meanings given to them in the FIA.
2. Posting of Circular
Bauba Shareholders are advised that the Circular will be distributed to Bauba Shareholders
today, Friday, 25 March 2022.
Bauba Shareholders are advised to consult the Circular for further information regarding the
Offer and other related matters.
3. Important Dates and Times
The important dates and times in relation to the Offer are set out in the table below. Words and
expressions in the table below and the notes thereto shall have the same meanings as assigned
to them in the Circular:
2022
Circular distributed to Shareholders Friday, 25 March
Opening Date of the Offer at 09:00 on Monday, 28 March
TRP compliance certificate expected on Thursday, 12 May
Finalisation date announcement (including the timetable Friday, 13 May
in respect of the Offer and Closing Date) published on
SENS
Earliest Payment Date from Friday, 13 May
Finalisation date announcement published in the press Monday, 16 May
Last Day to Trade for Shareholders wishing to accept the Tuesday, 24 May
Offer
Shares trade "ex" the Offer Wednesday, 25 May
Closing Date of Offer at 12:00 on Friday, 27 May
Record Date for Offer Friday, 27 May
Results of Offer to be announced on SENS Monday, 30 May
Payment Date Monday, 30 May
Notes:
• Any change to the above dates and times will be agreed upon by Bauba and Raubex, approved by the JSE and
the TRP (as required), and announced on SENS and, if required, published in the South African press, provided
that any extension of the Closing Date shall be at Raubex's sole discretion.
• In accordance with regulation 102(12) of the Takeover Regulations, the Offer Consideration must be settled
within six Business Days after the later of: (i) the Offer being declared wholly unconditional; and (ii) acceptance
thereof by a holder. Accordingly the latest Payment Date will be by no later than Monday, 6 June 2022.
• All times referred to in this announcement are references to South African Standard Time.
4. Copies of the Circular
Additional copies of the Circular may be obtained during normal business hours from the date
of issue of the Circular until and including the Closing Date at Bauba's physical address: Cube
Workspace, 1 Wedgewood Link, Bryanston, Johannesburg, South Africa, 2191.
The Circular is also available on Bauba's website at www.baubaresources.co.za and on the
Raubex website at https://www.raubex.com
5. Raubex Responsibility Statement
The Raubex board of directors accepts responsibility for the information contained in this
announcement insofar as it relates to Raubex. To the best of its knowledge and belief, such
information contained herein is true and nothing has been omitted which is likely to affect the
importance of such information.
6. Independent Board Responsibility Statement
The Independent Board accepts responsibility for the information contained in this
announcement insofar as it relates to Bauba. To the best of its knowledge and belief, such
information contained herein is true and nothing has been omitted which is likely to affect the
importance of such information.
Johannesburg
25 March 2022
Sponsor to Bauba Legal advisor to Bauba
Merchantec Capital Webber Wentzel
Financial advisor and sponsor to Raubex Legal advisor to Raubex
Investec DLA Piper
Date: 25-03-2022 09:39:00
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.