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Change of Name and Distribution of Circular
MMI Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/031756/06)
ISIN Code: ZAE000149902
JSE share code: MMI
NSX share code: MIM
(“MMI Holdings” or “the Company”)
CHANGE OF NAME AND DISTRIBUTION OF CIRCULAR
INTRODUCTION AND RATIONALE
Shareholders of MMI Holdings (”Shareholders”) are hereby advised that the Directors
of the Company wish to propose that the name of the Company be changed to Momentum
Metropolitan Holdings Limited (“Change of Name”).
The Momentum and Metropolitan brands, and their related brands, are well recognised
and entrenched in their chosen target markets. The group’s operations under the
Momentum and Metropolitan Brands represent the vast majority of the group’s revenue
and operating profit, and are therefore representative of the group.
DISTRIBUTION OF CIRCULAR
A circular detailing the Change of Name (“Circular”), will be distributed to
Shareholders today, Friday, 24 May 2019. The Circular incorporates the proposed
Shareholder Resolutions for the approval of the Change of Name in terms of section
60 of the Companies Act No. 71 of 2008. Shareholders are requested to vote on the
proposed Shareholder Resolutions in accordance with the instructions contained in
the Circular.
Copies may be obtained during normal business hours from the registered office of
the Company at 268 West Avenue, Centurion, 0157 and from the offices of the Company’s
sponsor, Merrill Lynch at The Place, 1 Sandton Drive, Sandton, 2196 from Friday, 24
May 2019 until Friday, 28 June 2019 (both days inclusive). A copy of the Circular
will also be available on the Company’s website
(http://www.mmiholdings.co.za/en/investor-relations/shareholder-notices).
IMPORTANT DATES AND TIMES
Shareholders are referred to the table below setting out important dates and times
in relation to the Change of Name and the proposed shareholder resolutions.
Event 2019
Record date to determine which Shareholders are eligible to
receive this Circular Friday, 17 May
Circular distributed to Shareholders Friday, 24 May
Announcement on SENS regarding the posting of the Circular Friday, 24 May
Press publication regarding the posting of the Circular Monday, 27 May
Deemed date of receipt of Circular Friday, 31 May
Record date to determine which Shareholders are entitled
to vote on the Shareholder Resolutions Friday, 21 June
Deadline for the exercise of voting rights by Shareholders
in respect of the Shareholder Resolutions by 12h00 (12 noon)
on Friday, 28 June 2019. Results of the voting to be released
on SENS and the Company’s website Friday, 28 June or
the Business
Day on which the
proposed
Shareholder
Resolutions are
adopted
Change of Name special resolution lodged with CIPC for
registration Friday, 28 June
Expected date of CIPC registration of Change of Name special
resolution Monday 8 July
Expected release on SENS of the finalisation announcement
in respect of the Change of Name Tuesday, 9 July
Expected last day to trade prior to the Change of Name Tuesday, 16 July
Expected termination date for trading under the name
of “MMI Holdings Limited” and commencement of trading under
the new name “Momentum Metropolitan Holdings Limited”,
under share J S E code “MTM, NSX code “MMT”, abbreviated
name “MOMMET” and ISIN ZAE000269890 from the commencement
of trade Wednesday, 17 July
Expected record date for the Change of Name Friday, 19 July
Expected date that the accounts of dematerialised
Shareholders with their CSDP’s or Brokers will be
updated with the new name Monday, 22 July
Expected date that new share certificates will be
issued to certificated Shareholders, posted by registered
post, at their risk Monday, 22 July
Notes:
1. The above dates and times are subject to change as they are subject to the filing
of the relevant Special Resolution with the CIPC. Shareholders will be notified
of any material changes which will be released on SENS.
2. All times quoted in this Circular are local times in South Africa.
3. Shareholders may not dematerialise or rematerialise their Shares after the last
day to trade in MMI Holdings Limited.
4. Shareholders are reminded that shares in companies listed on the JSE can no longer
be bought or sold on the JSE unless they have been dematerialised onto the Strate
system. It is therefore suggested that Certificated Shareholders should consider
dematerialising their Shares and replacing them with electronic records of
ownership. In this regard, Shareholders may contact either their own Broker or
a preferred CSDP, details of which are available from Strate at
queries@strate.co.za or telephone +27 11 759 5300 or fax +27 11 759 5505.
Centurion
24 May 2019
JSE Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 24/05/2019 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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