Universal Partners Limited (JSE:UPL) News - Finalisation announcement pertaining to the mandatory offer to Universal Partners shareholders

 
UNIVERSAL PARTNERS LIMITED 
(Incorporated in the Republic of Mauritius) 
(Registration number: 138035 C1/GBL)  
SEM share code: UPL.N0000 
JSE share code: UPL     
ISIN: MU0526N00007 
("Universal Partners" or "the Company") 
 
                                          
FINALISATION ANNOUNCEMENT PERTAINING TO THE MANDATORY OFFER TO UNIVERSAL PARTNERS 
SHAREHOLDERS 

 
Universal Partners shareholders and the general public are referred to the announcement released by the 
Company on 6 May 2022 on the website of the Stock Exchange of Mauritius Ltd ("SEM") and the Stock 
Exchange News Service of the JSE Limited ("JSE"), and to the offer document issued on the same date by 
Glenrock Lux PE No1 SCSp, Glenrock Lux PE No2 SCSp and Glenrock International Limited (collectively 
referred to as the "Offerors") to the Universal Partners shareholders, in terms of Rule 33(1)(c) of the 
Mauritian Securities (Takeover) Rules 2010 (the "Takeover Rules") with regard to the mandatory offer 
(the "Offer"), together with the announcement released by the Company on 25 May 2022 with regard to 
the posting of the reply document in this regard. 
 
Shareholders holding Universal Partners shares on the South African register ("SA register") will receive 
the Offer consideration of ZAR 18.63 per share in South African Rand ("ZAR") whilst shareholders holding 
their Universal Partners shares on the Mauritian register will receive the Offer consideration in Pound 
Sterling ("GBP") converted at an exchange rate of GBP 1.00:ZAR 19.3856, being GBP 0.96102 per share, 
determined at the prevailing exchange rate on 3 June 2022. 
 
The salient dates and times with regard to the Offer are as follows: 
 
    Release of finalisation announcement published on SENS and SEM website                             6 June 2022
    Last day to trade in Universal Partners Shares for shareholders on the SA 
    register in order to participate in the Offer                                                     13 June 2022
    Last day to trade in Universal Partners Shares for shareholders on the 
    Mauritian register in order to participate in the Offer                                           14 June 2022
    Universal Partners Shares trade "ex" the Offer on the SA register                                 14 June 2022
    Universal Partners Shares trade "ex" the Offer on the Mauritian register                          15 June 2022
    Offer closes at 12:00 (SA time) or 14:00 (Mauritian time) on (Closing Date)                       17 June 2022
    Results of Offer announced on SENS and the SEM website                                            20 June 2022
    Transfer of shares (to one or more Offerors) on the Crossing Board of the SEM                     22 June 2022
    and the JSE on 
    Offer Consideration credited to Universal Partners Mauritian shareholders' 
    bank accounts by their respective brokers on or before                                            27 June 2022
    Offer Consideration credited to dematerialised SA shareholders' accounts at 
    their CSDP or broker on or before                                                                 27 June 2022
    Offer Consideration transferred to certificated SA Shareholders (subject to  
    receipt by Universal Partners' SA transfer secretaries of documents of title on                   
    or prior to 12:00 (SA time) / 14:00 (Mauritian time)                                              27 June 2022
 
 
Universal Partners has its primary listing on the Official Market of the SEM and a secondary listing on the 
Alternative Exchange of the JSE. 
 
By order of the Board 
6 June 2022 
 
For further information please contact: 
 
                                    SEM Authorised Representative 
          JSE Sponsor                        and sponsor                          Company Secretary 
         Java Capital                     Perigeum Capital                     Intercontinental Trust Ltd                                                                           
     Tel: +27 11 722 3050                Tel: +230 402 0890                      Tel: + 230 403 0800
                                                                                      
This notice is issued pursuant to the SEM Listing Rule 11.3 and the JSE Listings Requirements. The Board of Universal 
Partners accepts full responsibility for the accuracy of the information contained in this announcement. 
 

Date: 06-06-2022 02:19:00
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