Wrap Text
Immediate Suspension and Subsequest Termination of Listing of Brian Porter Cummulative Preference Shares on the JSE
Brian Porter Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1945/019667/06
ISIN: ZAE000005534 Share code: POTP
(“Brian Porter” or “Company”)
IMMEDIATE SUSPENSION AND SUBSEQUEST TERMINATION OF LISTING OF BRIAN PORTER
CUMMULATIVE PREFERENCE SHARES ON THE JSE LIMITED
Immediate Suspension and Subsequent Termination of Listing
Preference holders of Brian Porter are advised that the JSE Limited (“JSE”) has
approved the immediate suspension and subsequent termination of listing of the
Company’s preference shares (“Preference Shares”) from the JSE official list from
commencement of trade on Tuesday, 10 November 2015.
Brian Porter was a holding company which derived its income from the sale of new
and used vehicles, service, parts and the rental of premises through its wholly-
owned retail motor trading and property owning subsidiaries. In the past, the
Company had its ordinary and Preference Shares listed on the JSE until the
delisting of the ordinary shares in 1998 following an offer which was made by
Imperial Holdings Limited (“Imperial”).
Brian Porter remained dormant post the delisting of its ordinary shares on the JSE
and its Preference Shares remained listed. The Company has since been deregistered
with the Companies and Intellectual Property Commission, therefore, Brian Porter
has ceased to exist as a legal entity and as such the Preference Shares no longer
meet the primary conditions of listing on the JSE.
Final Redemption Amount
Each Preference Share will be redeemed in cash by Imperial for an amount equal to
its nominal value of R2.00. The listing of the Preference Shares will be terminated
upon redemption.
Important Dates
Last day to trade the Preference Shares in order to
receive the redemption proceeds (over the counter) : Friday, 30 October 2015
Record date for the redemption : Friday, 6 November 2015
Preference holders will have their CSDP or broker
accounts updated and credited with the redemption
proceeds on : Monday, 9 November 2015
Termination of listing of Preference Shares
from commencement of trade on : Tuesday, 10 November 2015
Important Notes regarding payment of redemption proceeds
1. Certificates may not be rematerialised or dematerialised after Friday, 30
October 2015.
2. Dematerialised Preference Share holders will have their accounts at their
Central Securities Depository Participant (“CSDP”) or broker automatically
updated in terms of the custody agreement entered into with their CSDP or
broker.
3. If you have not dematerialised your Preference Share certificates, you are
requested to return your Preference Share certificate/s, together with proof of
identity, to the offices of the transfer secretaries, Computershare Investor
Services (Proprietary) Limited, Ground Floor, 70 Marshall Street, Johannesburg,
2001 (PO Box 61763, Marshalltown, 2107) to be received by no later than 12:00 on
Friday, 6 November 2015. Payment will only be effected upon receipt, by the
transfer secretaries, of the completed form.
4. Preference Share certificates received before 12:00 on record date by the
transfer secretaries will be paid on Monday, 9 November 2015. Preference Share
certificates received after 12:00 on record date will be paid anytime after
Tuesday, 10 November 2015, weekdays during office hours by Imperial.
5. All Preference Share certificate submissions made after 12:00 on Friday, 6
November 2015, must be submitted to the Company Secretary of Imperial at the
registered offices of Imperial, Imperial Place, Jeppe Quandam, 79 Boeing Road
East, Bedfordview.
6. If your Preference Share certificate has been lost or destroyed, the Company’s
transfer secretaries may dispense with the surrender of such documents of title
upon production of satisfactory evidence to the Company’s transfer secretaries
that the documents of title have been lost or destroyed, and upon delivery of a
properly executed indemnity form which is available from the Company’s transfer
secretaries on request, and which will be regarded as the only suitable form of
submission in such circumstances.
12 October 2015
Bedfordview
Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 12/10/2015 11:01:00 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.