(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N ordinary share code: SVN and ISIN: ZAE000012043
("Sabvest" or "the Company")
Terms defined and used in the Scheme Circular and in the Prospectus have been used in this
Shareholders are referred to the announcement released on the Stock Exchange News Service
("SENS") on 28 October 2019 in which they were advised of the proposed simplification of
Sabvest’s dual share structure, by way of the Proposed Restructure.
Shareholders were further advised, in the Report on Proceedings at the General and Scheme
Meetings announcement released on SENS on 27 March 2020, that all resolutions necessary to
implement the Proposed Restructure were approved by the requisite majority of votes.
The board of directors of Sabvest is pleased to confirm that all conditions precedent to the
Proposed Restructure have now been fulfilled.
The Proposed Restructure will therefore be implemented, in accordance with the timetable
Delisting application in respect of the Sabvest Shares lodged with the JSE on Wednesday, 6 May
Last day to trade in Sabvest Shares in order to be eligible to receive the Scheme Tuesday, 12 May
Sabvest Shares suspended from trading on the JSE with effect from the Wednesday, 13 May
commencement of business on
Sabcap Ordinary Shares to be allocated to Scheme Participants and Scheme Wednesday, 13 May
Participants can trade their entitlement to Sabcap Ordinary Shares on the Sabcap
Announcement released on SENS in respect of the cash payment applicable to Thursday, 14 May
fractional entitlements to the Ordinary Share Scheme Consideration, based on the
VWAP of a Sabvest Ordinary Share traded on the JSE on Wednesday, 13 May 2020,
discounted by 10%, on
Scheme Record Date in order to be eligible to receive the Scheme Consideration Friday, 15 May
Dematerialised N Ordinary Shareholders’ and Ordinary Shareholders’ accounts with Monday, 18 May
their CSDP or Broker credited with the Scheme Consideration on the Scheme
Operative Date on or about
Certificated N Ordinary Shareholders’ and Ordinary Shareholders’ Scheme Monday, 18 May
Consideration posted by registered post at the risk of such Certificated N Ordinary
Shareholders and Certificated Ordinary Shareholders on the Scheme Operative Date
on or about
Sabvest Shares delisted from the JSE with effect from the commencement of Tuesday, 19 May
4 May 2020
Merchant Bank and Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04-05-2020 09:15:00
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.