Wrap Text
Finalisation announcement
Sable Exploration and Mining Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
("SEAM" or "the company")
Finalisation announcement
Shareholders are referred to the announcements released on SENS on 23 February 2023, 1
September 2023 and 31 October 2023, in which SEAM announced that 52 213 608 ordinary
no par value shares in the authorised but unissued share capital of SEAM will be issued in
terms of a rights offer at a subscription price of 100 cents per share to raise R52 213 608.00.
Accordingly, the salient dates and times are as set out in the table below. The definitions
commencing on page 3 of the Circular apply to these salient dates and times.
2023
Rights Offer declaration data announcement Tuesday, 31 October
released on SENS
Rights Offer finalisation announcement released Thursday, 2 November
on SENS, by 11:00
Publication of circular on the website of the Issuer. Monday, 6 November
Election form for certificated shareholders to be
included
Last day to trade in SEAM shares in order to Tuesday, 7 November
settle by the record date and to qualify to
participate in the Rights Offer (cum entitlement)
on
Rights Offer Circular and, where applicable, a Wednesday, 8
Form of Instruction posted to Certificated SEAM November
Shareholders
Letters of allocation will be listed on the JSE at Wednesday, 8
commencement of trading but will be suspended November
from trading on the JSE, at 9:00 on
Code: SXMN
ISIN:ZAE000320438
SEAM Ordinary Shares commence trading ex-
rights on the JSE at commencement of trading at
9:00 on
Record date for participation in the Rights Offer at Friday, 10 November
the close of business on
Rights offer opens at commencement of trading Monday, 13 November
on
Dematerialised SEAM Shareholders will have their accounts Monday, 13 November
at their CSDP or broker automatically credited with Letters
of Allocation at 9:00
Certificated SEAM Shareholders on the Register will have Monday, 13 November
their Letters of Allocation credited to an electronic account
held with the Transfer Secretaries at 9:00 on
Circular, where applicable, posted or emailed to Monday, 13 November
Qualifying Dematerialised Shareholders
Last day to trade in Letters of Allocation on the Tuesday, 14
JSE on November
Record date for take-up Friday, 17 November
Rights offer closes at 12:00 – Friday, 17 November
In respect of Qualifying Certificated Shareholders wishing to
exercise all or some of their Rights, payment to be made
and Forms of Instruction to be lodged with the Transfer
Secretaries by 12:00 on
In respect of Qualifying Dematerialised Shareholders, CSDP
or broker accounts will be debited with the aggregate Rights
Offer subscription price and updated with Rights Shares by
12:00 on (see note 5)
Payment to be made by dematerialised shareholders Monday, 20 November
Rights Shares listed and issued on Monday, 20 November
Results of Rights Offer released on SENS Monday, 20 November
Notes:
1. The definitions and interpretations commencing on page 3 of this Circular
apply, mutatis mutandis, to this section on salient dates and times in respect
of the Rights Offer.
2. All times referred to in this Circular are South African times.
3. No share certificates may be Dematerialised or rematerialised between
Wednesday, 8 November 2023 and Friday, 10 November 2023, both days
inclusive.
4. Dematerialised SEAM Shareholders are required to notify their duly
appointed CSDP or broker of their acceptance of the Rights Offer in the
manner and time stipulated in the agreement governing the relationship
between such Shareholder and his/her/its CSDP or broker.
5. The CSDP or broker accounts of Dematerialised SEAM Shareholders will
be automatically credited with new SEAM shares to the extent to which they
have accepted the Rights Offer. SEAM share certificates will be posted, by
registered post at the shareholder's risk, to Certificated SEAM Shareholders
in respect of the Rights Shares which have been accepted.
6. CSDPs effect payment in respect of Dematerialised SEAM Shareholders on
a delivery against payment basis.
Johannesburg
2 November 2023
Sponsor
Exchange Sponsors
Date: 02-11-2023 02:25:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
