13.07.2015 Views

Download full circular PDF - Anglo American Platinum

Download full circular PDF - Anglo American Platinum

Download full circular PDF - Anglo American Platinum

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

4.12.1 In terms of the Exchange Control Regulations of South Africa, non-residents, excludingformer residents of the Common Monetary Area will be allowed to:– take up rights allocated in terms of the rights offer;– purchase letters of allocation on the JSE;– subscribe for the preference shares arising from letters of allocation purchased on theJSE;– purchase excess preference shares which have been applied for in terms of the rightsoffer,provided payment is received either through normal banking channels from abroad or froma non-resident account.All applications by non-residents for the above purposes must be made through anauthorised dealer in foreign exchange. Any certificates that might be issued pursuant tosuch applications will be endorsed “non-resident”.4.12.2 Where a right in terms of the rights offer falls due to a former resident of the CommonMonetary Area, which right is based on shares blocked in terms of the Exchange ControlRulings, then only blocked funds may be used to take up these rights, and may beused to:– purchase excess preference shares which have been applied for in terms of the offer;– purchase letters of allocation on the JSE;– subscribe for the new preference shares arising in respect of the letters of allocation;– purchase preference shares on the JSE.All applications by emigrants using blocked Rand for the above purposes must be madethrough the South African authorised dealer controlling their blocked assets. Sharecertificates issued pursuant to blocked Rand transactions must be endorsed “nonresident”and placed under the control of the South African authorised dealer throughwhom the payment was made. The sale proceeds of letters of allocation, if applicable, willbe returned to the South African authorised dealer in foreign exchange for credit to suchemigrant’s blocked accounts.In addition, emigrant blocked funds may also be used to:– purchase letters of allocation on the JSE;– subscribe for the preference shares arising from letters of allocation purchased onthe JSE;– purchase excess preference shares, which have been applied for in terms of the rightsoffer.4.12.3 Applications by emigrants using emigrant blocked funds for the above purposes must bemade through the authorised dealer in foreign exchange controlling their blocked assets.Any certificates that might be issued to such emigrants will be endorsed “non-resident”and placed under the control of the authorised dealer in foreign exchange through whomthe payments were made. The sale proceeds of letters of allocation, if applicable, will bereturned to the authorised dealer in foreign exchange for credit to such emigrants’ blockedaccounts.Holders of dematerialised shares will have all aspects relating to Exchange Controlmanaged by their CSDP or broker, as the case may be.4.13 Additional provisions applicable to shareholders or renouncees outside RSA4.13.1 GeneralThe offer of letters of allocation and preference shares to persons resident in, or who arenationals or citizens of, countries other than South Africa may be affected by the laws ofthe relevant jurisdiction. Those persons should consult their professional advisers as towhether they require any governmental or other consents or need to observe any otherformalities to enable them to take up their rights.21

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!