Results Of Chester Offer To Chet Minority Sharehol
CHET INDUSTRIES LIMITED
(Registration number 1997/013498/06)
("Chet")
CHESTER INVESTMENT HOLDINGS LIMITED
(Registration number 1983/005300/06)
("Chester")
RESULTS OF CHESTER OFFER TO CHET MINORITY SHAREHOLDERS
1. ACCEPTANCES OF THE OFFER
SG Sponsors is authorized to announce that as at 16:00 on Friday, 23 March
2001, Chet shareholders holding 17 355 500 Chet shares, representing 9% of the
entire issued share capital in Chet, have elected to accept the offer made by
Chester in its circular to shareholders dated 23 February 2001.
Chester now holds 113 517 458 Chet shares representing 60,78% of the entire
issued share capital in Chet.
2. CHANGE IN CHET'S YEAR END
The Companies Act 61 of 1973 requires a subsidiary to have the same financial
year as its holding company. Chet has accordingly changed its year end to
December to coincide with that of Chester.
Johannesburg
28 March 2001
Legal Advisors
Fluxman Rabinowitz, Raphaely Weiner
Attorneys
Sponsor
SG Sponsors
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