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Change of Name, Distribution of Circular and Notice in terms of section 60 of The Companies Act No.71 of 2008
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO
ISIN: ZAE000070249
("Chrometco" or "the Company")
CHANGE OF NAME, DISTRIBUTION OF CIRCULAR AND NOTICE IN TERMS OF SECTION 60 OF
THE COMPANIES ACT NO.71 OF 2008
Unless expressly defined, capitalised terms herein have the same meaning given to them in the
Circular.
Shareholders of Chrometco are hereby advised that the Directors of the Company wish to propose
that the name of the Company be changed from Chrometco Limited to Sail Mining Group Limited
("Change of Name").
DISTRIBUTION OF CIRCULAR
A Circular detailing the Change of Name will be distributed to Shareholders today, Wednesday, 28
August 2024. The Circular incorporates the proposed Shareholder Resolutions for the approval of the
Change of Name in terms of section 60 of the Companies Act No. 71 of 2008. Shareholders are
requested to vote on the proposed Shareholder Resolutions in accordance with the instructions
contained in the Circular.
Copies of the Circular may be obtained during normal business hours from the registered office of the
Company at Unit 25, Sunninghill Office Park, 4 Peltier Drive, Sunninghill, Gauteng, 2196 and from the
offices of the Company's sponsor, PSG Capital, at 11th Floor, Sandton Eye Building, Corner Rivonia,
West Street, Johannesburg, 2096 from Wednesday, 28 August 2024 until Friday, 4 October 2024 (both
days inclusive).
A copy of the Circular will also be available on the Company's website (https://www.chrometco.co.za/)
SALIENT DATES AND TIMES
Shareholders are referred to the table below setting out important dates and times in relation to the
Change of Name and the proposed shareholder resolutions.
2024
Record date to determine which Shareholders are eligible to Friday, 23 August
receive this Circular
Circular distributed to Shareholders Wednesday, 28 August
Announcement on SENS regarding the posting of the Wednesday, 28 August
Circular
Deemed date of delivery of Circular (7 calendar days from Wednesday, 4 September
distribution)
Voting period opens Wednesday, 4 September
Voting period closes (20 business days from voting period Friday, 4 October
opening)
Deadline for the exercise of voting rights by Shareholders in Friday, 4 October
respect of the Shareholder Resolutions by 12:00 (12 noon) on
Results of the voting to be released on SENS and the Friday, 4 October
Company's website or the Business Day on which the
proposed Shareholder Resolutions are
adopted (if earlier)
Change of Name special resolution lodged with CIPC for Friday, 4 October
registration
Expected date of CIPC registration of Change of Name Friday, 11 October
special resolution
Expected release on SENS of the finalisation announcement Thursday, 10 October
in respect of the Change of Name
Expected last day to trade prior to the Change of Name Tuesday, 22 October
Expected termination date for trading under the name of Wednesday, 23 October
"Chrometco Limited" and commencement of trading under
the new name "Sail Mining Group Limited", under JSE share
code "SGP", the abbreviated name "SAIL MNG" and ISIN
ZAE000070249 from the commencement of trade
Expected record date for the Change of Name Friday, 25 October
Expected date that the accounts of Dematerialised Monday, 28 October
Shareholders with their CSDPs or brokers will be updated
with the new name
Expected date that new share certificates will be issued to Monday, 28 October
the Certificated Shareholders, posted by registered post, at
their risk
Notes:
1. The above dates and times are subject to change as they are subject to the filing
of the relevant Special Resolution with the CIPC. Shareholders will be notified of any material
changes which will be released on SENS.
2. All times quoted in this announcement are local times in South Africa.
3. Shareholders may not dematerialise or rematerialise their Shares after the last day to trade in
Chrometco.
4. The Company will remain listed in the "Basic Materials" sector of the Main Board of the JSE
and will retain its historical financial and trading reference data.
5. Shareholders are reminded that shares in companies listed on the JSE can no longer be
bought or sold on the JSE unless they have been dematerialised onto the Strate system. It is
therefore suggested that certificated Shareholders should consider dematerialising their
Shares and replacing them with electronic records of ownership. In this regard, Shareholders
may contact either their own broker or a preferred CSDP, details of which are available from
Strate at queries@strate.co.za or telephone +27 11 759 5300.
Johannesburg
28 August 2024
Sponsor
PSG Capital
Date: 28-08-2024 05:00:00
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