DYNAMIC CABLES RSA LIMITED
(formerly Conlog Holdings Limited)
(Registration number 1987/001807/06)
(Incorporated in the Republic of South Africa)
Dynamic Cables RSA Limited ("the Company")
Results of the offer to repurchase shares in the Company
1. The Company's offer to repurchase up to 40% of its issued shares from
shareholders at 40 cents per share, more clearly set out in the circular to
shareholders dated 15 January 2001, closed on Friday, 2 March 2001. Upon
closing of the offer, 17 043 707 shares in the Company had been offered to and
accepted by the Company in terms of the repurchase. These shares will resort to
the status of authorised but unissued shares.
2. The costs associated with the repurchase are estimated to be in the region
of R6 817 482.
3. The effects on earnings, net asset value and tangible net asset value per
share appear from the table below:
Before After Change
(cents) (cents) %
Earnings per ordinary share 15,7 29,2 86
Headline loss per ordinary share (76,9) (103,9) 35
Fully diluted earnings per ordinary share 15,4 14,6 (5)
Fully diluted headline loss per ordinary
share (75,5) (47,2) (37)
Net asset value per ordinary share 46,29 58,3 26
Net tangible asset value per ordinary
share 46,29 14,4 (69)
Assumptions:
1. The amounts in the "Before" column have been calculated on the basis of the
Company's audited results for the year ended 31 December 2000 and the purchase
consideration for Dynamic being R43 million, of which R16 million is paid in
cash and the balance in shares issued at 60 cents per share.
2. The amounts in the "After" column have been calculated on the basis of 17
043 707 shares having been repurchased by the Company for 40 cents each.
By order of the board of Dynamic cables RSA Limited
Johannesburg
7 March 2001
Sponsor
Appleton Corporate Finance
Member of the Securities Exchange South Africa
Corporate attorneys
Thomson-Wilks
Attorneys * Notaries * Conveyancers
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