ARROWHEAD PROPERTIES LIMITED - Conversion To A Single Class Of Shares: Results Of General Meetings

Release Date: 10/02/2016 17:09
Code(s): AWB AWA
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Conversion To A Single Class Of Shares: Results Of General Meetings

(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000203105
JSE share code: AWB ISIN: ZAE000203113
(Approved as a REIT by the JSE)
(“Arrowhead” or “the company”)


Shareholders are referred to the announcement released on SENS on 18 December 2015 wherein shareholders were advised that
Arrowhead had posted a circular, together with notices convening general meetings, to shareholders relating to:

-      an amendment of the company’s existing memorandum of incorporation in order to effect the conversion of each “B” ordinary
       share into an “A” ordinary share;
-      the reclassification of the “A” ordinary shares as ordinary shares; and
-      the adoption of a new memorandum of incorporation to take account of the change in the company’s capital structure and to
       reflect the terms applicable to the ordinary shares,

(collectively, the “share capital restructure”), as well as the announcement released on SENS on 28 January 2016 wherein
shareholders were advised that all resolutions required to be passed in order to approve the share capital restructure were passed by
the requisite majority of shareholders.

Shareholders are advised that the special resolutions in respect of the share capital restructure, together with all prescribed documents,
have been registered by CIPC, with the result the share capital restructure has now become unconditional in accordance with its terms.
Accordingly the share capital restructure will be implemented in accordance with the timetable set out below.

The salient dates and times relating to the share capital restructure are as set out below.

Finalisation announcement in respect of the restructure expected to be published in the press                     Thursday, 11 February
Last day to trade in Arrowhead “A” and “B” shares on the JSE prior to the restructure                               Friday, 19 February
Suspension of Arrowhead “B” shares under share code AWB and ISIN ZAE000203113 on the JSE from
09:00                                                                                                               Monday, 22 February
Reclassification of “A” shares as ordinary shares, under the existing share code AWA and ISIN
ZAE000203105 from 09:00                                                                                             Monday, 22 February
Listing and commencement of trading of 468 732 268 Arrowhead ordinary shares (being the former “B”
shares, now converted to “A” shares and reclassified as ordinary shares) under the existing share code
AWA and ISIN ZAE000203105, such that the total number of listed ordinary shares is 937 464 536
(equivalent to the total issued “A” and “B” shares prior to the restructure), from 09:00                            Monday, 22 February
Restructure record date                                                                                             Friday, 26 February
Implementation date                                                                                                 Monday, 29 February
Date dematerialised shareholders reflected in the register on the restructure record date have their accounts
at their CSDP or broker updated with ordinary shares and statements of allocation posted to Arrowhead
shareholders holding certificated shares and reflected in the register on the restructure record date
(provided documents of title have been surrendered by certificated shareholders under cover of the form of
surrender before 12:00 on the restructure record date)                                                             Monday, 29 February
Termination of listing of “B” shares at 09:00                                                                      Monday, 29 February

All dates and times are local dates and times in South Africa.

10 February 2016

Corporate advisor, tax advisor and sponsor                                                    Legal advisor
Java Capital                                                                                  Cliffe Dekker Hofmeyr

Date: 10/02/2016 05:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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