On 28 November 2016, the 10th anniversary of the existing BEE transaction, the scheme matures. Following this, the 10-year lock-in period restricting Main Street 333 Proprietary Limited from trading the shares it holds in Exxaro will end and thereafter the existing BEE transaction will begin to unwind.
Shareholders referred to the announcement released on Tuesday, 22 November 2016 relating to the unwind of Exxaro’s existing BEE transaction and terms of a replacement BEE transaction and cautionary announcement.
A dial-in teleconference call on the details of this announcement was held on Thursday, 24 November.
To access the playback, dial one of the following numbers using the playback code 54777#:
South Africa: 011 305 2030
UK – toll free: 0 808 234 6771
USA and Canada: 1 855 481 5363
Australia – toll free: 1 800 091 250