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Results of General Meeting - Odd-Lot Offer
PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
('Putprop' or 'the Company' or 'the Group')
RESULTS OF GENERAL MEETING – ODD-LOT OFFER
1. Introduction
1.1 Shareholders are referred to the announcement released on SENS on Monday, 26 April 2024 wherein
shareholders were advised that the Company has decided to proceed with the implementation of
an Odd-Lot Offer to all ordinary shareholders that hold less than 100 (one hundred) ordinary shares
('Odd-Lot Holders') of no par value ('Odd-Lot Holdings') in the Company. In terms of the Odd-Lot
Offer, Putprop will, subject to shareholder approval, repurchase the Odd-Lot Holdings from the Odd-
Lot Holders at a 5% premium to the 30-day volume weighted average price of a Putprop Share at
the close of business on Monday, 3 June 2024 ('Odd-Lot Offer').
1.2 Shareholders were further advised that a circular detailing the proposed Odd-Lot Offer ('Circular')
distributed to Shareholders on Monday, 26 April 2024, which Circular incorporated 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 therein.
1.3 Unless otherwise defined herein, capitalised words and terms contained in this announcement shall
bear the meanings ascribed thereto in the Circular.
2. Results of General Meeting
2.1 Shareholders are hereby advised that the General Meeting of the Company was held at 10:00
today, 28 May 2024 and that all of the resolutions were passed by the requisite majorities of the
Company's shareholders.
2.3 Details of the results of the voting at the General Meeting are as follows:
Abstain Total
Against (% of total number of
For (% of total issued votes cast
(% of total votes share (excluding
Resolution votes cast) cast) capital) abstentions)
SPECIAL RESOLUTION NUMBER 1: 33 910 745 - - 33 910 745
Amendment to the Memorandum of 100% 0% 0% 79.96%
Incorporation
SPECIAL RESOLUTION NUMBER 2: 33 910 745 - - 33 910 745
Specific Authority to Repurchase Shares 100% 0% 0% 79.96%
from Odd-Lot Holders
ORDINARY RESOLUTION NUMBER 1: 33 910 745 - - 33 910 745
Authority to make and Implement the 100% 0% 0% 79.96%
Odd-Lot Offer, specifically the
Repurchase of the Odd-Lot Holdings
from the Odd-Lot Holders who do not
make an election
ORDINARY RESOLUTION NUMBER 2: 33 910 745 - - 33 910 745
Authority of Directors and/or the 100% 0% 0% 79.96%
Company Secretary
Notes:
1. The total number of ordinary shares in issue and votable as at the date of the General Meeting
was 42 409 181 Shares, of which 33 910 745 shares (79.96%) were present and voting at the
meeting.
3. Salient Dates and Times
Putprop Shareholders are reminded of the following salient dates and times in relation to the Odd-
Lot Offer:
Odd-Lot Offer opens at 09h00 Thursday, 30 May
Finalisation announcement (including the Odd-Lot Offer Price) Tuesday, 4 June
in respect of Odd-Lot Offer by 11h00
Last day to trade to participate in the Odd-lot Offer Tuesday, 18 June
Shares commence trading ex Odd-Lot Offer Wednesday, 19 June
Forms of Election and Surrender (pink) to be received by the Friday, 21 June
Transfer Secretaries by 12h00
Odd-lot Offer closes at 12h00 Friday, 21 June
Record Date for the Odd-Lot Offer Friday, 21 June
Dematerialised Odd-Lot Holders who have accepted the Monday, 24 June
Odd-Lot Offer or who have made no election will have their
accounts at their CSDP or Broker credited with the Odd-Lot
Consideration
Results of Odd-Lot Offer released on SENS Monday, 24 June
Payment of Odd-Lot Offer Consideration to Certificated Odd- Monday, 24 June
Lot Holders who have accepted the Odd-Lot Offer or who
have made no election
Results of the Odd-Lot Offer published in the South African Tuesday, 25 June
press on or about
Delisting and cancellation of Putprop Shares repurchased in Tuesday, 25 June
terms of the Odd-Lot Offer on or about
Notes:
1. All times referred to in this Circular are local times in South Africa and are subject to change.
2. Any variation of the above dates and times will be approved by the JSE and released on SENS.
3. Odd-lot Offer:
3.1 Dematerialised Odd-lot Holders are requested to notify their duly appointed Broker or
CSDP of their election by the cut off time stipulated by their Broker or CSDP. This will be
before the Closing Date of the Odd-lot Offer.
3.2 In the case of Certificated Odd-lot Holders who decide to sell their Odd-lot Holdings for
the Odd-lot Consideration, payment will be made on Monday, 24 June 2024 by EFT into
the bank accounts of the Odd-lot Holders, which are provided by the Odd-lot Holders on
the Form of Election and Surrender (pink).
3.3 Odd-lot Holders who are non-residents of the Common Monetary Area and who have
never resided in the Common Monetary Area, whose registered address is outside the
Common Monetary Area and whose Documents of Title have been restrictively endorsed
under the Exchange Control Regulations, and who decide to sell their Odd-lot Holdings
for the Odd-lot Consideration, are referred to paragraph 3.9 of this Circular regarding
processing and payment of the Odd-lot Consideration.
3.4 Those Odd-lot Holders who do not make an election or do not return their Form of Election
and Surrender (pink) timeously to the Transfer Secretaries will automatically be deemed
to have accepted the Odd-lot Offer and shall be deemed to have agreed to dispose of
their Odd-lot Holdings to Putprop at the Odd-lot Offer Price and to receive the Odd-lot
Consideration.
3.5 Shareholders may not dematerialise or rematerialise their Shares between the last day to
trade to participate in the Odd-lot Offer and the Record Date for the Odd-lot Offer both
days inclusive.
Johannesburg
28 May 2024
Transaction Sponsor
AcaciaCap Advisors Proprietary Limited
Date: 28-05-2024 04:45:00
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