HCI - Hosken Consolidated Investments Limited - Extension of the closing date of
HCI
HCI
HCI - Hosken Consolidated Investments Limited - Extension of the closing date of
the mandatory offer by HCI-KWV Holdings Proprietary Limited , a subsidiary of
HCI, to acquire all of the ordinary shares in the issued share capital of KWV
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/007111/06)
Share code: HCI
ISIN: ZAE000003257
("HCI")
KWV
HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2009/012871/06)
("KWV")
EXTENSION OF THE CLOSING DATE OF THE MANDATORY OFFER BY HCI-KWV HOLDINGS
PROPRIETARY LIMITED ("HCI-KWV HOLDINGS"), A SUBSIDIARY OF HCI, TO ACQUIRE ALL OF
THE ORDINARY SHARES IN THE ISSUED SHARE CAPITAL OF KWV (OTHER THAN THOSE THAT IT
ALREADY OWNS)
Shareholders are referred to the announcement released on the Securities
Exchange News Services ("SENS") of the JSE Limited on 21 December 2011 and the
mandatory offer document posted on 20 January 2012 which stated that the
mandatory offer to KWV shareholders was expected to close at 17:00 on 2 March
2012. Following the release of KWV`s interim results on 21 February 2012, HCI
has decided (with the prior approval of the Takeover Regulation Panel) to extend
the mandatory offer closing date and time to 12:00 on 22 March 2012. The revised
dates and times of the mandatory offer are set out below:
Record date, being the final date on which KWV Thursday, 22 March
shareholders must be recorded in the register
in order to be eligible to accept the
mandatory offer on
Closing date of the mandatory offer at 12:00 Thursday, 22 March
on
Results of the mandatory offer released on Friday, 23 March
SENS on
Results of the mandatory offer published in Monday, 26 March
the press on
Offer consideration posted to shareholders who within six business days after
accept the mandatory offer (once documents of acceptance of the mandatory
title have been received) offer
HCI reserves the right, at its discretion, and subject to the prior approval of
the Takeover Regulation Panel, to make any changes to the dates referred to in
this announcement (including extending the closing date), which amended dates
will be released on SENS and published in the South African press.
Cape Town
22 February 2012
Investment Bank and Sponsor to HCI:
Investec Bank Limited
Legal Advisers to HCI:
Edward Nathan Sonnenbergs Inc
Date: 22/02/2012 17:00:02 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.
