ANGLO AMERICAN PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1962/004693/06)
("Amaprop")
ANGLO SOUTH AFRICA (PROPRIETARY) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/000877/07)
("Anglo")
Result of scheme meeting and implementation of scheme of arrangement
1. Introduction
Amaprop shareholders are advised that:
* Amaprop shareholders other than Anglo ("the scheme members"), unanimously
approved, at a scheme meeting held on Friday 26 January 2001, the scheme of
arrangement proposed by Anglo between Amaprop and the scheme members in terms
of section 311 of the Companies Act, 1973 (Act 61 of 1973), as amended ("the
scheme");
* the scheme was sanctioned by the High Court of South Africa (Witwatersrand
Local Division) on Tuesday 13 February 2001; and
* the Order of Court will be lodged with the Registrar of Companies for
registration.
Accordingly, subject to the registration by the Registrar of Companies of the
Order of Court, the record date for the scheme will be the close of business on
Friday 16 February 2001 ("the record date") and the scheme will become
operative from the commencement of business on Monday 19 February 2001.
2. Termination of the listing on the JSE Securities Exchange South Africa ("the
JSE")
The listing of Amaprop shares on the JSE will be suspended from the close of
business on Wednesday 14 February 2001 and terminated from the close of
business on Friday 16 February 2001.
3. Scheme consideration and surrender of Amaprop documents of title
In terms of the scheme, holders of Amaprop shares other than Anglo, registered
as such on the record date ("scheme participants"), are entitled to receive 650
cents for every Amaprop share held ("the scheme consideration").
The scheme consideration will be sent to, or may be collected by, scheme
participants who have already surrendered their documents of title in respect
of the Amaprop shares, on Monday 19 February 2001. Other scheme participants
will have their scheme consideration posted, or may arrange for collection
thereof, five business days after the surrender of their documents of title.
Accordingly, if they have not already done so, scheme participants should
surrender their documents of title as soon as possible to the transfer
secretaries, at the address given below, in order that they may receive the
scheme consideration:
Computershare Services Limited
2nd Floor
Edura
41 Fox Street
Johannesburg, 2001
(PO Box 61051, Marshalltown, 2107).
A form for the surrender of Amaprop documents of title was attached to the
scheme document dated 14 December 2000. An additional form of surrender will be
posted to all scheme participants on or about Monday 19 February 2001.
Johannesburg
14 February 2001
Merchant bank to Amaprop
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Registration number 1995/001805/07
Auditors
PricewaterhouseCoopers Inc.
(Registration no. 1998/012055/21)
Corporate law advisers and consultants
Edward Nathan & Friedland (Pty) Ltd
(Registration number 1999/026464/07)
Attorneys
Knowles Husain Inc Attorneys
(Registration number 2000/000004/21)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
