Wrap Text
Posting of Circular and notice of general meeting
MIDDLE EAST DIAMOND RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: MED ISIN Code: ZAE000211876)
(“MEDR” or “the company”)
Posting of circular and notice of general meeting
Shareholders are referred to the SENS announcement dated 25 May 2020 regarding
a proposed partially underwritten Rights Offer, a restructure of its authorised and
issued share capital through a share consolidation and an increase in its authorised
share capital.
As a result of the proposed partially underwritten Rights Offer, it may result in certain
underwriters potentially owning more than 35% of the issued voting securities of
MEDR, triggering a mandatory offer to other Shareholders in terms of section 123 of
the Companies Act. In accordance with Regulation 86(4), MEDR Shareholders may
waive their right to receive a Mandatory Offer.
A circular incorporating the amendments to the share capital of the company as
mentioned above and an approval of a Waiver of a Mandatory Offer was distributed to
MEDR shareholders today (“Circular”). Included in the Circular is a notice of general
meeting. The General Meeting which will only be accessible through electronic
participation, is at 10:00 on Friday, 14 August 2020.
A Rights Offer circular will be posted to shareholders in due course.
The board of directors of the Company, individually and collectively accepts full
responsibility for the accuracy of the information contained in this announcement. In
addition, the board of directors of the Company certifies that to the best of its
knowledge and belief, the information contained in this announcement solely
pertaining to the Company is true and, where appropriate, does not omit anything that
is likely to affect the importance of the information contained herein, and that all
reasonable enquiries to ascertain such information has been made.
Accordingly, the salient dated and times are as set out in the table below. The
definitions commencing on page 6 of the Circular apply to these salient dates and
times.
Action 2020
Record date to determine which MEDR Shareholders
are entitled to receive the Circular incorporating the
Notice of General Meeting Friday, 10 July
Circular posted to MEDR Shareholders Wednesday, 15 July
Announcement relating to the issue of the circular
released on SENS on Wednesday, 15 July
Last date to trade in order to be participate and vote at
the General Meeting Tuesday, 4 August
Record date to participate and vote at the General
Meeting Friday, 7 August
Last day to lodge forms of proxy for the General
Meeting, for administrative purposes and registering for
electronic participating by 10:00 on Wednesday, 12 August
General Meeting to be held at 10:00 on Friday, 14 August
Results of the General Meeting released on SENS on Friday, 14 August
Expected date of special resolutions registered by
CIPC by no later than Tuesday, 1 September
Publication of finalisation information on SENS for
Share Consolidation Tuesday, 1 September
Last day to trade in existing shares on the JSE prior to
the Consolidation
MEDR has been suspended since December 2016 Tuesday, 8 September
Expected termination of Consolidated shares under the
old ISIN under the new ISIN ZAE000288718
commences on Wednesday, 9 September
Announcement released on SENS in respect of the cash
payment applicable to fractional entitlements at 1 cent
per share by Thursday, 10 September
Expected record date for the consolidation at the close Friday, 11 September
of business on
Expected date that accounts of dematerialised
Shareholders at their CSDP or broker will be updated
and will receive fraction allocation payments. Monday, 14 September
Expected date to have the accounts of the CSDP or
Broker of MEDR Shareholders or the account in the
name of Computershare Nominees in respect of Issuer
Nominee Dematerialised MEDR Shareholders, as Monday, 14 September
applicable, updated with the Shares
Notes:
1. All times referred to in this Circular are local times in South Africa.
2. Any variation of the above dates and times will be approved by the JSE and
released on SENS.
Johannesburg
15 July 2020
Sponsor
Exchange Sponsors
Date: 15-07-2020 05:30:00
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.
Sharenet Sites 
