Share Trading


NOTICE TO BKB SHAREHOLDERS


Maatskappysekretaris
Johannette Oosthuizen
13 Julie 2016
Introduction

Since the conversion of BKB into a public company, BKB has operated a share trading mechanism in terms of which the trading of BKB shares between willing sellers and willing purchasers was facilitated (“BKB Share Trading Mechanism”). With the introduction of the Financial Markets Act, No. 19 of 2012 (“Financial Markets Act”), the Financial Services Board (“FSB”) has taken the view that share trading mechanisms such as the BKB Share Trading Mechanism, fall within the definition of an exchange and has to be licensed as such in terms of the Financial Markets Act.

The board of BKB (“Board”) has considered the requirements for the licensing of the BKB Share Trading Mechanism and has decided not to apply for an exchange license in respect of the BKB Share Trading Mechanism, due to the costs involved and the onerous administrative burden that will be placed on BKB.

Accordingly on 30 June 2014 BKB announced to its shareholders that the BKB Share Trading Mechanism was no longer in operation.

Despite the cessation of the BKB Share Trading Mechanism, the Board still wishes to assist prospective sellers and purchasers of BKB shares to sell and purchase BKB shares in a manner that would not contravene the provisions of the Financial Markets Act. Accordingly, the Board has decided to introduce a procedure in terms of which BKB will put prospective purchasers and prospective sellers into contact with each other for them to reach agreement on the sale or purchase (including the purchase price) of their BKB shares.

Mechanics of Procedure

Below we set out the mechanics of the procedure to be followed by prospective sellers and prospective purchasers of BKB shares:

Prospective Sellers

Prospective sellers of BKB shares should send an email to the company secretary of BKB at share.trading@bkb.co.za setting out their full names and e-mail address and telephone number/s at which prospective purchasers of BKB shares can contact them. By sending this email to the company secretary of BKB the prospective sellers agree that their names and contact details may be sent to prospective purchasers of BKB shares.

Prospective Purchasers

Prospective purchasers of BKB shares should send an email to the company secretary of BKB at share.trading@bkb.co.za setting out their full names and e-mail address and telephone number/s at which prospective sellers of BKB shares can contact them. By sending this email to the company secretary of BKB the prospective purchasers agree that their names and contact details may be sent to prospective sellers of BKB shares.

It would then be up to the prospective purchasers and prospective sellers to negotiate the sale or purchase of the relevant BKB shares, including the purchase price payable for the shares.

Once a prospective purchaser and prospective seller have agreed on the sale of any BKB shares, they should contact the company secretary at share.trading@bkb.co.za who will assist the parties in effecting the payment and transfer of the relevant BKB shares.

Share repurchase by BKB

Prospective sellers are hereby notified that BKB is interested in repurchasing BKB shares. Any prospective seller who wishes to make use of this opportunity should contact the company secretary of BKB at share.trading@bkb.co.za, setting out their full names and the e-mail address and telephone number/s at which BKB can contact them and the number of shares which they wish to sell to BKB. If BKB is willing to repurchase the relevant shares, it will notify the relevant seller accordingly.

Prospective seller and purchasers can also contact the following persons at BKB should they not have access to e-mail:

Johannette Oosthuizen/Company Secretary – 041 503 3060
Marinda van Niekerk/Shares Clerk – 041 503 3062


Click the link below to download the Dividend Declaration Form


Dividend Declaration Form