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GIJIMA GROUP LIMITED - UPDATE TO IMPLEMENTATION OF SCHEME OF ARRANGEMENT AND COMPLETION OF DELISTING

Release Date: 17/04/2015 17:40
Code(s): GIJ     PDF:  
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UPDATE TO IMPLEMENTATION OF SCHEME OF ARRANGEMENT AND COMPLETION OF DELISTING

Gijima Group Limited
(Registration number 1998/021790/06)
Incorporated in the Republic of South Africa
Share code: GIJ ISIN: ZAE000198826
(“Gijima”)


UPDATE TO IMPLEMENTATION OF SCHEME OF ARRANGEMENT AND COMPLETION
OF DELISTING

The shareholders of Gijima ("Gijima Shareholders") are reminded that on 2 April 2015,
resolutions allowing for Yebo Guma Investments Proprietary Limited (“Guma), Mr Robert
Gumede’s company, to acquire all of the remaining ordinary shares in Gijima, were duly
approved by 99.38% of the votes. To date, no objections have been received. On 22 April
2015 an announcement will be made regarding the fulfilment of the conditions precedent to
the scheme of arrangement, and assuming that all conditions precedent will be fulfilled by
such date, the dates relating to the delisting will be announced. It is expected that the last
day to trade in Gijima shares will therefore be 30 April 2015, with the listing of the shares in
Gijima being suspended on the next business day being, 4 May 2015, and terminated on 12
May 2015, in accordance with the JSE Limited's normal timetable for the implementation of a
scheme of arrangement. The operative date of the scheme of arrangement is expected to
be 11 May 2015 whereby the minority shareholders will receive 220 cents per share. After
the delisting, Gijima will continue to trade as a private unlisted company.



Johannesburg

17 April 2015



Corporate advisor and transaction sponsor

PricewaterhouseCoopers Corporate Finance Proprietary Limited



Legal advisor to Gijima

Webber Wentzel



Legal advisor to Guma

Brian Kahn Inc



Corporate advisor to Guma
Guma Capital Proprietary Limited

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