Computer Configurations Holdings-fulfilment Of Out
COMPUTER CONFIGURATIONS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/013764/06)
("CCH")
FULFILMENT OF OUTSTANDING CONDITIONS
1. Disposal by CCH of its businesses, other than Infracom (Pty) Limited
("Infracom"), to MGX Holdings Limited ("MGX")
All conditions precedent to this disposal have been met and, accordingly, this
transaction has now become unconditional.
Shareholders are reminded that:
* shareholders registered as such at the close of business on Friday, 9 March
2001 will participate in the unbundling of 25 458 930 MGX ordinary shares; and
* that the said MGX shares will be unbundled on Friday, 16 March 2001.
2. Disposal by Infracom, a wholly-owned subsidiary of CCH, of the business of
Infracom to Lisianthus (Pty) Limited
All suspensive conditions to this disposal have been met and, accordingly, this
transaction has now become unconditional. Closing of this transaction is
scheduled by no later than Friday, 16 March 2001, by which date it is
anticipated that the first tranche of the purchase consideration, being
R165,125 million, together with interest thereon, will be paid and that the
businesses will be transferred. From the purchase consideration received an
amount of R86 million plus interest is due and payable to MGX.
3. Transfer of listing
The JSE Securities Exchange South Africa ("JSE") has approved the transfer of
CCH's listing on the JSE from the Industrial "Information Technology" sector to
the "Cash Companies" sector of the JSE lists, with effect from Monday, 19 March
2001.
4. Shareprice adjustment
Shareholders are advised that the price at which CCH shares trade on the JSE
will be adjusted with effect from opening of trade on Monday, 12 March 2001 to
reflect the value of CCH ex unbundling.
Johannesburg
9 March 2001
Corporate advisor and sponsor
Brait
Attorneys
Rabin, van den Berg & Pelkowitz Incorporated
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
