MTX
MEMTX
MTX - Metorex - Finalisation Announcement Regarding The Renounceable Claw Back
Offer Of 129 461 597 Ordinary Metorex Shares ("The Claw Back Offer")
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
JSE code: MTX
ISIN: ZAE000022745
JSE code for LA`s: MTXN
ISIN for LA`s: ZAE000129706
Issuer code: MEMTX
("Metorex" or "the Company")
FINALISATION ANNOUNCEMENT REGARDING THE RENOUNCEABLE CLAW BACK OFFER OF 129 461
597 ORDINARY METOREX SHARES ("THE CLAW BACK OFFER")
1. INTRODUCTION
Further to the announcements published on the Securities Exchange News Service
on Thursday, 27 November and Thursday, 4 December 2008 in which Metorex
shareholders were advised of Metorex `s intention to raise R258 923 194, before
expenses, through the issue of 129 461 597 new Metorex shares ("Claw Back
Shares"), at a price of 200 cents per share in the ratio of 34.94 Claw Back
Shares for every 100 Metorex shares currently in issue, Metorex shareholders
are advised that the following suspensive conditions have been fulfilled:
- the listing of the Claw Back Shares to be allotted and issued pursuant to
the Claw Back Offer has been granted by the JSE Limited ("JSE");
- the listing of the renounceable (nil paid) letters of allocation in respect
of the Claw Back Offer has been granted by the JSE; and
- the Claw Back Offer and implementation thereof has been approved by the
Registrar of Companies.
As a result the Claw Back Offer is now unconditional, and will be implemented in
accordance with the timetable set out in paragraph 2 below.
2. SALIENT DATES AND TIMES
The salient dates and times relating to the Claw back offer are set out below:
Last day to trade in Metorex shares in
order to settle by the record date and Tuesday, 23 December 2008
to qualify to participate in the claw-
back offer (cum entitlement)
Listing of Letters of Allocation on
the JSE commences at commencement of Wednesday, 24 December 2008
trading
Metorex shares commence trading ex-
rights on the JSE at commencement of Wednesday, 24 December 2008
trading
Record date for participation in the Friday, 2 January 2009
claw-back offer at the close of
business
Claw-back offer circular and Form of
Instruction posted to shareholders, Monday, 5 January 2009
where applicable
Claw-back offer opens at commencement Monday, 5 January 2009
of trading
Dematerialised shareholders will have
their accounts at their CSDP or broker Monday, 5 January 2009
automatically credited with their
entitlement
Certificated shareholders on the
register will have their entitlement Monday, 5 January 2009
credited to an account held with the
transfer secretaries
Last day to trade in Letters of Friday, 16 January 2009
Allocation on the JSE
Listing of claw-back offer shares Monday, 19 January 2009
commences at commencement of trading
Claw-back offer closes - payments to
be made and Form of Instruction in Friday, 23 January 2009
respect of Letters of Allocation
lodged by certificated shareholders by
12:00
Record date for Letters of Allocation Friday, 23 January 2009
Dematerialised shareholders` accounts
will be updated with entitlements and
debited by their CSDP or broker and Monday, 26 January 2009
certificates posted to certificated
shareholders
Results of claw-back offer Monday, 26 January 2009
announcement released on SENS on
Results of claw-back offer Tuesday, 27 January 2009
announcement released in press on
Notes:
Dematerialised shareholders are required to notify their duly appointed CSDP or
broker of their acceptance of the claw-back offer in the manner and time
stipulated in the agreement governing the relationship between the shareholder
and his CSDP or broker.
All times indicated are South African times unless otherwise stated.
Share certificates may not be dematerialised or rematerialised between
Wednesday, 24 December 2008 and Friday, 2 January 2009, both days inclusive.
The CSDP / broker accounts of dematerialised shareholders will be automatically
credited with new Metorex shares to the extent to which they have accepted the
claw-back offer. Metorex share certificates will be posted, by registered post
at the shareholders` risk, to certificated shareholders in respect of the claw-
back offer shares which have been accepted.
CSDPs or brokers effect payment in respect of dematerialised shareholders on a
delivery versus payment method.
3. CIRCULAR
The circular setting out the detailed terms of the Claw Back Offer will be
posted on Monday, 5 January 2009 to shareholders recorded as such in the
register on Friday, 2 January 2009.
15 December 2008
Rosebank
Corporate advisor, sole book-runner and lead sponsor on the JSE to Metorex
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Independent sponsor on the JSE to Metorex
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 15/12/2008 11:00:20 Produced by the JSE SENS Department.
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