| Fri 1 Feb 2008, 12:37 | | WLL - Wellco Health - Proposed Change In Name Of Company To Bioscience |
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WLL
WLL
WLL - Wellco Health - Proposed Change In Name Of Company To Bioscience
Brands Limited
WELLCO HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/005805/06)
("Wellco" or "the company")
ISIN Code: ZAE000071841 Share code: WLL
PROPOSED CHANGE IN NAME OF COMPANY TO BIOSCIENCE BRANDS LIMITED
It is proposed that the name of Wellco be changed to BioScience Brands Limited
in order to reflect the intention of the company to reposition itself as a
leading player in the health, wellness and personal care industry. Over the last
two years the Wellco name has become tainted with suppliers, customers and the
investor community. The out-of-stocks status, an inability to settle debt
timeously and unmet promises have become associated with the Wellco name. The
name change is therefore intended to reflect the continual strategic focus of
the company on health and wellness, tapping into the strong global consumer
trend towards focussing on healthy lifestyles and adopting products with strong
nutritional benefits. Wellco is also in the process of finalising the
acquisition of two well established companies in the health and wellness sector,
namely Bioharmony (Proprietary) Limited and Aldabri 53 (Proprietary) Limited
trading as Muscle Science from Enaleni Pharmaceuticals Limited. A circular
detailing these acquisitions will be posted to shareholders in due course.
A special resolution will be proposed to change the name from "Wellco Health
Limited" to "BioScience Brands Limited" ("BioScience"). For a period of not less
than one year, BioScience will reflect the former name "Wellco Health Limited"
on all documents of title in brackets beneath the new name of "BioScience Brands
Limited".
In terms of the Listings Requirements, approval was granted by the JSE for the
change of name and for the abbreviated name "BioSci" to be used with the share
code "BIO" and the ISIN will be changed to ZAE000115036. A circular relating to
the proposed change in name, containing a notice of general meeting, has been
posted to shareholders.
SALIENT DATES AND TIMES
2008
Circular and notice of general Friday, 1 February
meeting to be posted to shareholders on
Last day for lodging forms of Tuesday, 26 February
proxy at 10:00 on
General meeting at 10h00 on Thursday, 28 February
Announcement on SENS on Thursday, 28 February
Special resolution submitted to CIPRO on Thursday, 28 February
Special resolution and name change
certificate to be registered by CIPRO by no Wednesday, 5 March
later than
Last day to trade shares in the name of Thursday, 13 March
Wellco Health Limited in order to be
recorded as a shareholder by the record date
on
Trading in new shares under the JSE code BIO Friday, 14 March
and ISIN ZAE000115036 commences on
Record date for determining those
shareholders whose shares will be subject to Thursday, 20 March
the change of name on
Date of issue of new replacement share Tuesday, 25 March
certificates, provided that the old share
certificates have been lodged by 12:00 on
the record date (share certificates received
after this time will be posted within 5
business days of receipt) on or about
Dematerialised shareholders will have their Tuesday, 25 March
accounts at their CSDP or broker updated on
Notes:
1. The abovementioned dates and times are South African dates and times and
are subject to amendment. Any such amendment will be announced on SENS.
2. Should they wish to attend or vote at the above general meeting,
dematerialised shareholders are required to advise their CSDP or broker by the
cut-off time stipulated above or in accordance with their agreements with their
CSDP or broker.
3. Share certificates in the name of Wellco will not be able to be
dematerialised or rematerialised after Thursday, 13 March 2008.
By order of the board
Johannesburg
1 February 2008
Sponsor
Arcay Moela Sponsors (Pty) Ltd
Date: 01/02/2008 12:37:01 Produced by the JSE SENS Department.
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