| Wed 7 Nov 2007, 14:20 | | FSR/FSRP/FSPP/FST - FirstRand Limited - Results of |
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FSR FSRP FSPP
FSR
FSR/FSRP/FSPP/FST - FirstRand Limited - Results of the general meeting
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
JSE Ordinary Share Code: FSR
JSE ISIN: ZAE000066304
JSE "B" Preference Share Code: FSRP
JSE ISIN: ZAE000060141
JSE "B1" Preference Share Code: FSPP
JSES ISIN: ZAE000070900
NSX Ordinary Share Code: FST
("FirstRand")
Results of the general meeting in respect of the unbundling by FirstRand of its
shareholding in Discovery Holdings Limited ("Discovery")
FirstRand shareholders ("shareholders") are advised that at the general meeting
held on Wednesday, 7 November 2007, the ordinary resolution to authorise the
distribution in specie of 316 357 337 Discovery ordinary shares ("Discovery
shares") such that each FirstRand ordinary shareholder will receive 0.0561343
Discovery shares for every FirstRand ordinary share held on the record date of
the unbundling ("unbundling") has been approved by the requisite majority of
shareholders.
All the suspensive conditions to the unbundling have now been fulfilled and
shareholders are reminded of the following salient dates and times which remain
unchanged from those set out in the circular.
Salient dates and times 2007
Last day to trade in FirstRand Friday, 16 November
ordinary shares on the JSE to
participate in the unbundling on
FirstRand ordinary shares trade "ex" Monday, 19 November
their entitlement to unbundled
Discovery shares on
FirstRand ordinary shareholders Monday, 19 November
commence trading their unbundled
Discovery shares on
Record date of the unbundling Friday, 23 November
Dematerialised FirstRand ordinary Monday, 26 November
shareholders will have their accounts
with their CSDP or broker updated
with the unbundled Discovery shares
on or about
Share certificates in respect of the Monday, 26 November
unbundled Discovery shares will be
posted, by registered post, at the
risk of the certificated FirstRand
ordinary shareholder concerned, to
certificated FirstRand ordinary
shareholders on or about
Announcement of specified ratio in Wednesday, 28 November
respect of the apportionment of the
cost/base cost of unbundled Discovery
shares for taxation/CGT purposes on
or about
07 November 2007
Johannesburg
Merchant bank and sponsor to FirstRand
Rand Merchant Bank, a division of FirstRand Bank Limited
Independent sponsor to FirstRand
Deutsche Securities (SA) (Proprietary) Limited
Legal advisor to FirstRand
Webber Wentzel Bowens
Date: 07/11/2007 14:20:53 Produced by the JSE SENS Department.
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