SOUTH OCEAN HOLDINGS LIMITED - Announcement of General Meeting Regarding Disposal, Salient Dates and Withdrawal of Cautionary Announcement

Announcement of General Meeting Regarding Disposal, Salient Dates and Withdrawal of Cautionary Announcement

South Ocean Holdings Limited
(Registration number 2007/002381/06)
Incorporated in the Republic of South Africa
(“South Ocean Holdings”, “the Group”)
Share code: SOH      ISIN: ZAE000092748




ANNOUNCEMENT OF GENERAL MEETING REGARDING THE DISPOSAL OF THE RADIANT
DISPOSAL GROUP, SALIENT DATES AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT


INTRODUCTION
Shareholders are referred to the ‘Disposal of Radiant Group Proprietary Limited and Cautionary
Announcement’ announcement issued on 14 August 2018, which outlined the disposal by South
Ocean Holdings of 100% of the issued share capital in and claims against Radiant Group
Proprietary Limited (“Radiant”) and Icembu Services Proprietary Limited wholly owned
subsidiaries of South Ocean Holdings and the disposal of the properties from which Radiant
operates (“the Radiant Disposal Group”) (these transactions together referred to as “the
Transaction”). Shareholders are further referred to the ‘Disposal of Radiant Group Proprietary
Limited and Renewal of Cautionary Announcement’ announcement which stated that various
conditions precedents were still outstanding and the final consideration for the disposal was still
to be determined.

SALIENT DATES
Shareholders are advised that the circular to shareholders incorporating, inter alia, a notice of
the General Meeting and a form of proxy will be posted to shareholders shortly. The general
meeting of the Company's shareholders will be held at the Company’s offices at 16 Botha Street,
Alrode, 1451 on Thursday, 29 November 2018 at 09h00 in order to approve the ordinary
resolutions as detailed in the circular to shareholders.

                                                                                            2018
Record date in order to be eligible to receive the notice of                  Friday, 2 November
General Meeting

Notice of General Meeting announced on SENS and circular                   Wednesday, 7 November
posted to South Ocean Holdings shareholders

Last date to trade in order to be eligible to vote at the                   Tuesday, 20 November
General Meeting

Record date in order to be eligible to vote at the General                   Friday, 23 November
Meeting

Last date to lodge forms of proxy with the transfer secretaries             Tuesday, 27 November
for the General Meeting by 09h00

General Meeting at 09h00 on                                                 Thursday, 29 November
Results of General Meeting released on SENS                                 Thursday, 29 November

Notes
1.  All times indicated in this announcement are local times in South Africa.
2.  The dates and times indicated in the table above are subject to change. Any such changes
    will be released on SENS and published in the press.
3.  To be valid, the completed forms of proxy must be lodged with the transfer secretaries,
    being Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann
    Avenue, Rosebank, Johannesburg, 2196, or posted to the transfer secretaries at PO Box
    61051, Marshalltown, 2107, to reach them by no later than Tuesday, 27 November 2018 at
    09h00, alternatively, such forms of proxy may be handed to the company secretary or
    chairperson of the Company at the meeting at time of voting for the resolution.

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the consideration for the Transaction will be between R175 million
and R185 million. In addition, only two of the conditions precedent remaining outstanding, being
the approval from the Competition Commission and shareholder approval of the transaction.
Accordingly, the cautionary announcement is now withdrawn.



Johannesburg
7 November 2018


Sponsor
Arbor Capital Sponsors Proprietary Limited

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