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MMI HOLDINGS LIMITED - Change of Name and Distribution of Circular

Release Date: 24/05/2019 07:05
Code(s): MMI     PDF:  
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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”)



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.


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


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
                                                                 Resolutions are

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


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 or telephone +27 11 759 5300 or fax +27 11 759 5505.

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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