- March 23, 2012
- Posted by: admin
- Category: SENS Announcements
RESULTS 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 mandatory offer made by HCI-KWV Holdings to acquire all the KWV shares that it does not already own, for a cash consideration of 850 cents per KWV share, the details of which were announced on the Securities Exchange News Services of the JSE Limited on 21 December 2011 and contained in the mandatory offer document posted to shareholders on 20 January 2012.
The aforementioned mandatory offer closed at 12:00 on 22 March 2012.
Shareholders are hereby advised that in terms of the mandatory offer, HCI-KWV Holdings received acceptances from KWV shareholders holding 356 435 KWV shares, constituting approximately 0.5% of the issued ordinary shares of KWV (net of treasury shares).
Prior to the mandatory offer HCI-KWV Holdings held 35.01% of the issued share capital of KWV. Subsequent to the mandatory offer, HCI-KWV Holdings now holds 35.52% of the issued share capital of KWV, net of treasury shares.
For shareholders who have accepted the mandatory offer but have not yet received the offer consideration, cheques will be posted to such shareholders or the offer consideration will be credited to their Central Security Depository Participant (“CSDP”) account within six business days after their having validly accepted the mandatory offer.
Cape Town 23 March 2012