Petmin Limited Delisting and terminaton of listing (8155N)

TIDMPTMN

RNS Number : 8155N

Petmin Limited

12 September 2013

PETMIN LIMITED

Incorporated in the Republic of South Africa

Registration Number 1972/001062/06

Share Code JSE: PET & ISIN: ZAE000076014

Share Code AIM: PTMN

("Petmin" or the "Company")

12 September 2013

DE-LISTING AND TERMINATION OF PETMIN'S SECONDARY LISTING ON THE ALTERNATIVE INVESTMENT MARKET (AIM) OF THE LONDON STOCK EXCHANGE (LSE)

As part of the reduction of corporate overhead costs, Petmin has taken a decision to terminate its secondary listing on the AIM in London. In terms of Section 5.2.8 of the LSE Listings Requirements and Section 18.8 of the JSE Listings Requirements, shareholders are hereby notified of this decision.

Over the past twelve months, the average daily volume of Petmin shares traded on AIM was 10,820 compared to 1,264,977 shares on the JSE.

Whilst Petmin remains cognisant of the interest of all shareholders, the rationale for delisting on AIM is informed by the low volume of trade in the company`s shares on the AIM, with the UK register comprising less than 3% of the overall total shareholding.

The Company has determined that the secondary listing is administratively intensive and costly, and is of the view that the volume of trade over the past few years does not sufficiently warrant a presence in London, nor the expense of maintaining a secondary listing on the AIM.

Shareholders are further notified that all shareholders reflected on the UK register as at the record date of 1 November, 2013, currently administered by Computershare Investor Services (Jersey) Limited, will be transferred onto the South African Register administered by Computershare Transfer Secretaries in South Africa. The company will maintain its listing on the JSE.

Shareholders on the UK Register are required to inform the Transfer Secretaries in South Africa whether they wish to hold their documents of title in electronic or certificated form. If shareholders elect a dematerialised format, they are required to seek advice from their broker or a South African based Central Securities Depository Participant ("CSDP") as to the required procedures.

Alternatively, if shareholders elect to remain in certificated form, the address to which the replacement certificate is to be posted must be provided to the Transfer Secretaries in South Africa.

The delisting from the AIM has been approved by AIM and the JSE has been notified. The Salient Dates relating to the delisting are as follows:

 
 Last day to trade on AIM          10 October 2013 
 Surrender of share certificates   1 November 2013 
  to UK Transfer Secretaries 
 Merger of Registers               04 November 2013 
 Delisting from the AIM            11 October 2013 
 Commencement of Trading of        06 November 2013 
  merged register on the JSE 
 

Further detailed announcement in this regard as well as instructions to shareholders will be posted to shareholders in due course.

Enquiries:

Petmin

Bradley Doig

[phone]

Media

Jonathon Rees

[phone]

Sponsor and Corporate Advisor (JSE)

River Group

Andrew Lianos

[phone]

Nominated Adviser and Broker (AIM)

Macquarie Capital (Europe) Limited

Steve Baldwin, Nicholas Harland

[phone]

Johannesburg

12 September 2013

River Group

This information is provided by RNS

The company news service from the London Stock Exchange

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