To view the PDF file, sign up for a MySharenet subscription.

YEBOYETHU (RF) LIMITED - YYLBEE - Fulfilment of conditions precedent and special dividend finalisation announcement

Release Date: 30/08/2018 16:16
Code(s): YYLBEE     PDF:  
Wrap Text
YYLBEE - Fulfilment of conditions precedent and special dividend finalisation announcement

YeboYethu (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/014734/06)
ISIN: ZAE000218483 Share code: YYLBEE
("YeboYethu” or the “company”)


1.   Introduction

     Shareholders are referred to the various announcements released on SENS and the circular to
     shareholders dated 18 July 2018, containing full details of the BEE transaction between
     Vodacom Group Limited (“Vodacom”) and YeboYethu (the “BEE transaction”), copies of which
     can be found on the YeboYethu website at (the “BEE circular”).
     Terms defined in the BEE circular will, unless otherwise indicated, have the same meaning in
     this announcement.

2.   Fulfilment of General Transaction Conditions

     The general transaction conditions upon which the commencement of the implementation of the
     BEE transaction was conditional have now been fulfilled/waived and, as such, the BEE
     transaction will begin to be implemented in accordance with the timetable set out in paragraph
     3 below.

3.   BEE transaction and special dividend timetable

     Shareholders are advised that the relevant dates pertaining to the BEE transaction and special
     dividend have been amended and the new dates are set out in the table below:
      Last day to trade in order to be eligible to receive the special         Thursday 6 September
      YeboYethu ordinary shares trade ex-special dividend                        Friday 7 September
      First implementation day on or about                                     Tuesday 11 September
      Conversion of YeboYethu N shares                                         Tuesday 11 September
      Issue of additional YeboYethu ordinary shares                            Tuesday 11 September
      Special dividend record date                                             Tuesday 11 September
      YeboYethu issues class A preference shares, and class B                   Friday 14 September
      preference shares
      Special dividend payment date                                             Friday 14 September
     No dematerialisation or rematerialisation of share certificates will be allowed during the period
     Friday 7 September 2018 to Tuesday 11 September 2018.

30 August 2018

Transaction sponsor to YeboYethu
Absa Corporate and Investment Bank, a division of Absa Bank Limited


Date: 30/08/2018 04:16:00 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.

Email this JSE Sens Item to a Friend.

Share This Story