To view the PDF file, sign up for a MySharenet subscription.

MTN ZAKHELE FUTHI (RF) LIMITED - Confirmation of appointment of new Custodian and Trading Entity service provider and second BEE verification agent

Release Date: 28/03/2024 09:41
Code(s): MTNZF     PDF:  
Wrap Text
Confirmation of appointment of new Custodian and Trading Entity service provider and second BEE verification agent

MTN Zakhele Futhi (RF) Limited
(Incorporated in the Republic of South Africa)
(Date of incorporation: 21 June 2016)
(Registration number: 2016/268837/06)
JSE share code: MTNZF
ISIN: ZAE000279402
LEI: 378900429C4F73B1BE74
("MTNZF" or the "Company")

Confirmation of appointment and designation of new Custodian and Trading Entity service
provider and second Black Economic Empowerment verification agent

MTNZF shareholders ("Shareholders") are referred to the MTNZF Stock Exchange News Service
("SENS") announcement issued on 3 November 2023 in relation to the notice of termination of
trading and custody services for the Facilitated Trading Process (as such term is defined in the
document titled "MTNZF Interpretation and Definitions", made available on the MTNZF website (the
"Definitions Schedule")) ("Services") delivered by Nedgroup Private Wealth Stockbrokers Proprietary
Limited ("NPW") taking effect on 15 April 2024 (the "Effective Date") and that MTNZF had
commenced the process of appointing a replacement service provider, as well as the reference
thereto in the annual financial statements of MTNZF for the year ended 31 December 2023 and the
SENS announcement of those results on 8 March 2024.

Capitalised words and phrases used in this announcement and not otherwise defined herein will
bear the meaning given to such words and phrases in the Definitions Schedule.

Shareholders are advised that with effect from 27 March 2024 Singular Systems Proprietary Limited
("Singular") has been appointed (i) to provide the Services which, in relation to MTNZF ordinary
shares currently held in custody by NPW, will be provided by NPW up to the Effective Date; and (ii) as
a second Black Economic Empowerment verification agent in terms of 4.32B of the JSE Limited
("JSE") Listing Requirements ("BEE Verification Agent") in addition to Nedbank Limited (acting
through its Share Scheme Administration division) ("SSA"). All existing shareholders who use the
Services of NPW (including the custody services) pursuant to the Facilitated Trading Process as at
close of business on 12 April 2024 will have their MTNZF JSE Broker Dealer Accounting ("BDA") cash
balances and their associated MTNZF share positions held with NPW transferred to Singular with
effect from commencement of business on the Effective Date, with the exception of Nedbank Group
Limited and its subsidiaries' employees and other clients of NPW that have general trading and
custody accounts with NPW outside of the MTNZF scheme that have elected (by written
communication to NPW) to retain their MTNZF share custody with NPW as an independent broker
from the Effective Date (the "NPW Independent Process Shareholders").

As such, shareholders are notified that:

    (i)      prior to the Effective Date:

          a. with effect from 27 March 2024, the Singular processes are available (refer to the
             Singular contact details set out below) and the Singular documents are available to
             enable shareholders who wish to hold, trade or otherwise transfer their dematerialised
               MTNZF ordinary shares pursuant to the Facilitated Trading Process to complete the
               verification process with Singular as a BEE Verification Agent; and

            b. MTNZF ordinary shares currently held by NPW in custody pursuant to the Facilitated
               Trading Process, may only be held, traded or otherwise transferred pursuant to the
               Facilitated Trading Process operated by NPW,

    (ii)       with effect from the Effective Date:

               a. Singular will replace NPW and will be the sole entity designated by MTNZF as the
                  Custodian and as the Trading Entity such that all transactions in relation to
                  dematerialised MTNZF ordinary shares pursuant to the Facilitated Trading Process
                  must be effected by Singular; and

               b. in order to hold, trade or otherwise transfer any MTNZF ordinary shares held by any
                  NPW Independent Process Shareholders, such NPW Independent Process
                  Shareholders are required to be re-verified by Nedbank Limited, acting through is
                  Share Scheme Administration division ("SSA") pursuant to the Independent Process
                  Verification Terms and Conditions;

    (iii)      the Facilitated Trading Process Verification Terms and Conditions and the Independent
               Trading Process Verification Terms and Conditions (as defined in the Definitions
               Schedule) which regulate holding, trading or transfer of MTNZF ordinary shares both
               before and after the Effective Date will be amended with effect from 27 March 2024 and
               will be made available on (or via a link from) the MTNZF website and from the MTNZF
               call centre and, in relation to the Facilitated Trading Process, on the Singular website and
               from the Singular call centre, details of which are set out below.


Shareholders are referred to the relevant details below:


MTNZF number: 083 900 6863

MTNZF website at: www.mtnzakhelefuthi.co.za

Singular number: 010 476 2012

Email Singular: MTNZF@singular.co.za

Visit Singular walk-in centre at 25 Scott Street, Waverley, Johannesburg

WhatsApp Singular on 011 321 5400

Singular website at www.i-ex.co.za.


Johannesburg

28 March 2024

JSE Sponsor: Tamela Holdings Proprietary Limited

Date: 28-03-2024 09:41:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story