Extension of time periods for JCI scheme of arrangement further cautionary announcement


In respect of the scheme of arrangement (“scheme”) proposed by Randgold & Exploration Company Limited (“R&E”) amongst JCI and its shareholders, other than R&E, and further to the announcement published on SENS on 24 March 2009, JCI shareholders are reminded that the scheme meeting referred to in that announcement has been reconvened to be held at 09:00 on Thursday, 9 April 2009 at the Hilton Hotel, Rivonia Road, Sandton, 2196 (“reconvened scheme meeting”).

In the circular to shareholders dated 15 December 2009 setting out the terms of the scheme, certain suspensive conditions were required to be fulfilled by no later than 31 March 2009 (or such later date up to 29 June 2009 as JCI and R&E may prior to 31 March 2009 agree in writing).

JCI and R&E announce that they have, by agreement dated 30 March 2009, agreed to extend the date for fulfilment of the relevant suspensive conditions to 15 May 2009.

31 March 2009

Sponsor to R&E
PSG Capital

Corporate adviser and sponsor to JCI
Sasfin Capital
A division of Sasfin Bank Limited

Posted in Company Announcements.