Renounceable Rights Offer: Extension of period for trading of rights (LAs) on the LuSE
Introduction
In compliance with the Listing Rules of the Lusaka Stock Exchange (“LuSE”) and further to the Declaration Announcement dated 27 December 2013 and the Finalisation Announcement dated 17 January 2014, shareholders are advised that the period for trading or dealing in Letters of Allocation (“LAs” or “rights”) on the LuSE, in regard to the CEC Rights Offer, has been extended to 28 February 2014.
Previously, the trading in LAs or rights was to have ended on Friday, 21 February 2014.
However, taking into account the fact that many shareholders have experienced delays in receiving their Rights Offer Circular document (and LAs) via the post, the Company has decided to extend the trading period for LAs to Friday, 28 February. The revised time line for the trading of LAs is shown under the revised Salient Dates and Times below.
It should be noted that as per the Finalisation Announcement, the Rights Offer will still close on Friday, 28 February 2014, as previously declared. If shareholders have not received a Rights Offer Document they are advised to contact their broker urgently.
Revised salient dates and times
The revised salient dates and times pertaining to the CEC Rights Offer are as follows:-
Day | Date | Event |
Monday | 27 January 2014 | CEC shares trade ex-rights |
Monday | 27 January 2014 | Letters of Allocation (LAs) listed on the LuSE |
Friday | 31 January 2014 | Last day to register for rights offer – the Record Date |
Monday | 03 February 2014 | Rights Offer Opens & Rights Offer document posted to shareholders |
Wednesday | 26 February 2014 | Last day for postal acceptances of the Rights Offer |
Friday | 28 February 2014 | Last day for dealing in LAs on the LuSE |
Friday | 28 February 2014 | Offer closes (14:00) – earliest date |
Monday | 03 March 2014 | Results announcement – tentative date for results of the Rights Offer |
Monday | 03 March 2014 | New Rights Offer Shares listed on the LuSE |
Next announcement
The Last Announcement giving the results of the close of the Rights Offer will be published on or around Monday, 03 March 2014.
Date: 24 February 2014
Lusaka, Zambia