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APK
APK
APK - Astrapak Limited - Redemption of 135 131 250 Unsecured Variable Rate
Redeemable Debentures of 50 cents each
ASTRAPAK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number : 1995/009169/06)
ISIN : ZAE000030938
Share Code : APK
("Astrapak" or "the company")
REDEMPTION OF 135 131 250 UNSECURED VARIABLE RATE REDEEMABLE DEBENTURES OF 50
CENTS EACH ("THE DEBENTURES")
Introduction
Linked unitholders are referred to the reviewed results for the year ended 28
February 2007 which were released on SENS earlier today, on 8 May 2007,
providing some details on the redemption of the issued 135,131,250 unsecured
variable rate redeemable debentures of 50 cents each ("the redemption").
The Board has resolved to redeem the remaining 50,0 cents portion of the
debenture constituting the linked unit. Authority to redeem the debentures was
given to the directors of the company by both ordinary shareholders and
debenture holders at the general meetings held on 24 October 2006.
The redemption of the capital portion of the debenture (50,0 cents) plus accrued
interest of 1.65 cents per debenture for the period 1 March 2007 to the proposed
date of redemption, will take place simultaneously with the dividend and
debenture interest distributions also detailed in the SENS announcement earlier
today.
Salient dates
A circular will be posted on or about Tuesday, 15 May 2007, providing details of
the redemption and incorporating a form of surrender for use by certificated
linked unitholders only. Dematerialised linked unitholders do not complete any
forms and will have their accounts automatically updated.
The salient dates regarding the redemption are as follows:
2007
Circular posted to linked unitholders on or Tuesday, 15 May
about
Last date to trade in the linked units to be Friday, 25 May
eligible for the debenture redemption payment
and interest payment on
Linked units commence trading as ordinary Monday, 28 May
shares under the JSE code of APK with a new
ISIN of ZAE000096962 on
Record Date to be recorded in the register to Friday, 1 June
receive the redemption payment and interest
payment
Redemption cheques posted or electronic Monday, 4 June
transfers effected provided that surrender
forms and linked unit certificates have been
received by 12:00 on Friday, 1 June 2007 in
respect of certificated linked unit holders/
Dematerialised linked unit holders will have
their accounts at their CSDP or broker credited
on
Interest payments will be effected on Monday, 4 June
Notes:
The above dates and times may be subject to amendment. Any such amendment will
be released on SENS and published in the press.
Linked unit certificates may not be dematerialised or rematerialised after
Friday, 25 May 2007.
Certificated linked unit holders who surrender their existing documents of title
after 12:00 on the record date, will have their new ordinary share certificate
posted by registered post within 5 business days of receipt thereof by the
transfer secretaries, at the risk of the unit holders concerned.
Sandton
8 May 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/05/2007 07:31:01 Produced by the JSE SENS Department.
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