SABVEST LIMITED - COVID 19 - impact on general and scheme meetings relating to the proposed restructure

COVID 19 - impact on general and scheme meetings relating to the proposed restructure

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest” or “the Company”)

COVID 19 - IMPACT ON GENERAL AND SCHEME MEETINGS RELATING TO THE PROPOSED
RESTRUCTURE

Terms defined and used in the Scheme Circular and in the Prospectus have been used in this
announcement.

1. Introduction and background

   Shareholders are referred to the announcements released on the Stock Exchange News Service on 28
   October 2019 and 28 February 2020 and to the circular (“Circular”) and prospectus posted to
   Shareholders on 28 February 2020, containing details of the proposed simplification of Sabvest’s
   current dual share structure in order to create a clearer, unitary shareholder structure, thereby
   enhancing Sabvest’s investment appeal and improving the liquidity and marketability of the Company’s
   shares (“Proposed Restructure”).

   In light of the measures put in place by the South African Government in response to the COVID-19
   pandemic, more specifically those announced by the President on 23 March 2020, Shareholders are
   advised that the general and scheme meetings in respect of the Proposed Restructure, to be held on
   Friday, 27 March 2020 at the announced times, will be held in electronic format only in terms of the
   provisions of the Companies Act, 2008.

2. Electronic participation

   Shareholders are encouraged to connect to the general and scheme meetings by utilising the below
   and following the relevant prompts:

   Join by telephone:
   +27-21672-2339 South Africa Toll

   For a list of international numbers, please see
       • United Kingdom Toll              +44-20-7660-8149
       • United Kingdom Toll 2            +44-20-3478-5289
       • USA Toll 2                       +1-631-267-4890
       • United States Toll               +1-650-215-5226
       • Switzerland Toll                 +41-2256-75905
       • Switzerland Toll 2               +41-43-456-9564

   Join via the web:
   https://meetingsemea4.webex.com/meetingsemea4/j.php?MTID=m7fd36f6bddb02e6320fe64d38ea4f
   446

   Meeting number (access code): 146 736 600

   Meeting password: MaRcpaGg453

   In-person registration of meeting participants will not be carried out at the registered office of the
   Company. Participants should note that access to the electronic communication may be at the expense
   of the participants who wish to utilise the facility.
3. Voting

   Participants connecting to the general and scheme meetings will be able to participate in the general
   and scheme meetings, but will not be able to cast their votes electronically at either meeting.

   Accordingly, and in order for their votes to be recorded, Certificated Shareholders and Dematerialised
   Shareholders with ‘own name’ registration making use of the electronic participation facility must submit
   their duly completed forms of proxy to the Company’s Transfer Secretaries as soon as possible and as
   indicated in the Circular.

   Dematerialised Shareholders, other than those with ‘own name’ registration, making use of the
   electronic participation facility must provide instructions to their duly appointed CSDP or Broker, as
   soon as possible and as indicated in the Circular.

   Those Dematerialised Shareholders, other than those with ‘own name’ registration, who wish to be
   classified as attending in person, must obtain letters of representation from their CSDP or Broker and
   voting forms from the Company’s Transfer Secretaries and must submit both to the Transfer
   Secretaries. These Shareholders must also connect to the general and scheme meetings electronically
   as explained in paragraph 2 above.

   Shareholders are further encouraged to submit any questions to admin@sabvest.com. These
   questions will be addressed at the applicable general and scheme meetings and will be responded to
   through email.

Sandton
24 March 2020

Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 24-03-2020 05:15:00
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