| Wed 26 Sep 2007, 9:00 | | PSV - PSV Holdings Limited - Implementation and re |
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PSV
PSV
PSV - PSV Holdings Limited - Implementation and results of the Odd-Lot Offer
PSV HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1998/004365/06)
(JSE code: PSV & ISIN: ZAE000078705)
("PSV")
IMPLEMENTATION AND RESULTS OF THE ODD-LOT OFFER
1. Implementation of the odd-lot offer
Shareholders are advised that the odd-lot offer to shareholders who held
less than 300 ordinary shares in PSV at the close of business on Friday 21
September 2007 ("odd-lot holders") has been implemented.
2. Results of the odd-lot offer
2.1 The total number of ordinary shares made available by those odd-lot
holders who elected to sell their odd-lot holdings and by those who
failed to make an election and were therefore deemed to have sold
their odd-lot holdings is 37 865 ordinary shares. These ordinary
shares were made available at the offer price of 77 cents per share
("offer price") for a total consideration of R29 156.05.
2.2 The ordinary shares made available by those odd-lot holders referred
to in paragraph 2.1 above were purchased by PSV at the offer price in
terms of a specific approval to purchase its own shares granted at the
general meeting of shareholders held on Thursday 2 August 2007. These
shares will be cancelled, delisted and restored to the status of
authorised share capital.
2.3 The total number of shares purchased by odd-lot holders who elected to
purchase sufficient additional shares to increase their odd-lot
holdings to holdings of 300 shares is 25 481 shares, amounting to a
total consideration of R19 620.37.
2.4 Odd-lot holders holding in aggregate 8 441 have elected to retain
their odd-lot holdings. As a result of the implementation of the odd-
lot offer, the number of shareholders has been reduced by 717.
3. Odd-lot holders who hold certified shares
3.1 Cheques and electronic transfers in respect of the sale of odd-lot
holdings will be posted by ordinary post to the relevant odd-lot
holders or effected on or about Tuesday 25 September 2007 at the risk
of such odd-lot holders and against surrender of their relevant
documents of title.
3.2. Certificated odd-lot holders who elected to sell their odd-lot
holdings and those who failed to make an election and were therefore
deemed to have sold their odd-lot holdings are reminded that in order
for payment, in respect of the sale of their odd-lot holdings, to be
effected they are required to deliver their relevant documents of
title to the transfer secretaries, Computershare Investor Services
2004 (Proprietary) Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001 or to post their relevant documents of title to PO
Box 61051,Marshalltown, 2107. These odd-lot holders are also reminded
that their documents of title are no longer good for trading after
Friday 14 September 2007 and will have no value other than to receive
the proceeds of the sale of their odd lot holdings of 77 cents per
share upon surrender.
3.3 In respect of those odd-lot holders who hold certificated shares and
who elected to purchase or subscribe for and paid for additional
ordinary shares, new share certificates reflecting the additional
shares purchased will be posted by registered post at the risk of such
odd-lot holder on or about Tuesday 25 September 2007.
3.4 No interest will be paid on cheques not deposited or amounts held in
trust pending the surrender of documents of title of those
certificated odd-lot holders who have not dematerialised their shares.
4. Odd-lot holders who hold dematerialised shares
Any movement in the number of ordinary shares held and amounts
payable/receivable by an odd-lot holder who has dematerialised his/her
shares, as a result of the implementation of the odd-lot offer, will be
automatically updated and debited/credited in the odd-lot holders account
with the Central Securities Depository Participant or broker selected by
that odd-lot holder on Tuesday 25 September 2007.
Edenvale
26 September 2007
Designated Adviser
Exchange Sponsors (Pty) Limited
Date: 26/09/2007 09:00:05 Produced by the JSE SENS Department.
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