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TASTE HOLDINGS LIMITED - Distribution of Circular and Notice of General Meeting

Release Date: 27/05/2020 12:00
Code(s): TAS     PDF:  
 
Wrap Text
Distribution of Circular and Notice of General Meeting

TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2000/002239/06)
Share code: TAS
ISIN: ZAE000081162
(“Taste” or “the Company”)


DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING


INTRODUCTION

Shareholders are hereby advised of the proposed name change of the Company to “Luxe
Holdings Limited” and the restructuring of the Company’s authorised and issued ordinary
share capital by a consolidation of the ordinary share capital of the Company on a 100 to 1
basis (“Name Change and Consolidation”).

DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING

A circular (“Circular”), detailing the Name Change and Consolidation, will be distributed to
shareholders today, Wednesday, 27 May 2020. The Circular also incorporates a notice
convening a general meeting of shareholders (“General Meeting”) for the purpose of
considering, and, if deemed fit, passing, with or without modification, the resolutions contained
in such notice.

Notice is hereby given that the General Meeting will be held on Friday, 26 June 2020 at AK
Holdings, Atrium on 5th Street, 1st Floor, Sandton, 2146, at 10:30, to consider and, if deemed
fit, to pass, with or without modification, the requisite resolutions required for the Name
Change and Consolidation.

The Circular is available in English only. Copies may be obtained during normal business
hours from the registered office of the Company and from the offices of the Company’s
sponsor, PSG Capital, from today until the date of the General Meeting (both days inclusive).
A copy of the Circular will also be available on the Company’s website
http://www.tasteholdings.co.za/annualReport.php.

IMPORTANT DATES AND TIMES

Shareholders are referred to the table below setting out important dates and times in relation
to the General Meeting and the Name Change and Consolidation.


                                                                                2020
Record date to be eligible to receive the Circular and the                      Friday, 22 May
notice of the General Meeting forming part thereof

Announcement providing details of the Name Change and                           Wednesday, 27 May
Consolidation, giving salient dates, advising of the distribution
of this Circular and giving the date and place of the General
Meeting released on SENS on

Circular, incorporating notice of General Meeting, form of                      Wednesday, 27 May
proxy and form of surrender, distributed to Taste
shareholders

Above announcement published in the press on                                    Thursday, 28 May

Last day to trade in shares in order to be eligible to attend,                  Monday, 15 June
participate in and vote at the General Meeting

Record date in order to be eligible to attend, participate in and               Friday, 19 June
vote at the General Meeting

For administrative purposes, last day for receipt of forms of                   Wednesday, 24 June
proxy in respect of the General Meeting by 10:30 on

Forms of proxy not lodged with the transfer secretaries to be                   Friday, 26 June
handed to the chairperson of the General Meeting, at any
time before the proxy exercises any rights of the shareholders
at the General Meeting

General Meeting of Taste shareholders held on Friday, 26                        Friday, 26 June
June 2020 at AK Holdings, Atrium on 5th street, 1st floor,
Sandton, 2146 at 10:30

Results of the General Meeting released on SENS                                 Friday, 26 June

Special resolutions filed with the CIPC                                         Monday, 29 June

Results of General Meeting published in the press on                            Monday, 29 June

PLEASE NOTE THAT THE DATES PROVIDED BELOW RELATING TO THE NAME
CHANGE AND CONSOLIDATION ARE SUBJECT TO SPECIAL RESOLUTIONS BEING
REGISTERED BY CIPC. THE TIMETABLE BELOW IN RESPECT OF THE NAME
CHANGE AND CONSOLIDATION WILL HAVE TO BE AMENDED SHOULD
REGISTRATION OF THE RESOLUTIONS BY CIPC NOT HAVE BEEN RECEIVED BY
THIS DATE

Expected date of special resolutions registered by the CIPC                     Monday, 20 July
by no later than

Expected publication of finalisation announcement on SENS                       Monday, 20 July
in respect of Name Change and Consolidation

Above announcement published in the press on                                    Tuesday, 21 July

Expected last day to trade in existing shares on the JSE prior                  Tuesday, 28 July
to the Name Change and Consolidation

Expected termination date for trading under the name of                         Wednesday, 29 July
"Taste Holdings Limited" and commencement of trading
under the new name “Luxe Holdings Limited”, under share
code "LUX", short name "LUXE" and ISIN ZAE000286035
from the commencement of trade

Expected date for trading in consolidated shares under the                      Wednesday, 29 July
new ISIN ZAE000286035 commences

Announcement released on SENS in respect of the cash                            Thursday, 30 July
payment applicable to fractional entitlements, based on the
volume weighted average price of consolidated shares traded
on Wednesday, 29 July 2020, less 10%, by 11:00 am on

Forms of surrender for new certificates to be received by the                   Friday, 31 July
transfer secretaries in order for new certificates reflecting the
consolidation to be posted on Monday, 3 August 2020, by12:00 on

Expected record date for the Name Change and                                    Friday, 31 July
Consolidation at the close of business

Expected date that accounts of dematerialised shareholders                      Monday, 3 August
at their CSDP or broker will be updated and will receive
fraction allocation payments

Expected date of issue of new replacement share certificates,                   Monday, 3 August
provided that the old share certificates have been lodged by
12:00 on the record date (Friday, 31 July 2020), on or about
(share certificates received after this time will be posted within
five business days of receipt)

Notes:
1.    The above dates and times are subject to change. Any material changes will be released on
      SENS.
2.    All times quoted in are local times in South Africa.
3.    If the General Meeting is adjourned or postponed, Forms of proxy submitted for the initial General
      Meeting will remain valid in respect of any adjournment or postponement of the General Meeting
      unless the contrary is stated on such forms of proxy.
4.    In respect of the Name Change and Consolidation, shareholdings may not be dematerialised or
      rematerialised after Tuesday, 28 July 2020 in the old name.

Johannesburg
27 May 2020

Corporate Advisor and Sponsor
PSG Capital

Date: 27-05-2020 12:00:00
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