| Thu 5 Apr 2001, 0:00 | | Falcon - Announcement Of Results Of General Meetin |
|
Falcon Investment Holdings Societe Anonyme
(Incorporated in Luxembourg - R.C. Number B39773)
Registered Office
6 rue Adolphe Fischer,
L-1520, Luxembourg 2nd April 2001
ANNOUNCEMENT OF RESULTS OF GENERAL MEETING
At the Company's Annual General Meeting held in Luxembourg on Friday 30th March
2001, the resolution necessary to approve the consolidation and reduction of
the Company's share capital was unanimously approved.
As a result, the share capital of the Company has been consolidated and reduced
on the basis that, for every three shares of US$2.00 each held as at 30th March
2001, shareholders will now hold two shares of Euro 1.25 each. In terms of the
requirements of the JSE Securities Exchange, shareholders on the South African
Register of the company will be required to surrender their existing share
certificates in exchange for new ones reflecting the new value and number of
shares of the Company.
The JSE has agreed, with effect from the commencement of business on Tuesday,
17 April 2001, to amend the company's listing for the amendment of the
Company's share capital from 2,796,040 shares of US$2.00 each to 1,864,027
shares of Euro1.25 each ("the amendment").
Where application of the new ratio to shares arising from the amendment results
in a shareholder being entitled to a fraction of a new share, such fractional
entitlement will not be issued to the shareholder concerned but will instead be
aggregated together with all other fractional entitlements and sold for the
benefit of the Company. Any shareholder holding 1 or 2 shares of US$2.00 will
have their fractional holding rounded up to 1 share of Euro 1.25.
Only new documents of title arising from the amendment will be good for
delivery on the JSE for transactions entered into from the commencement of
business on Tuesday, 17 April 2001.
Falcon shareholders will be requested to surrender their existing share
certificates in accordance with the instructions set out below in order to
receive replacement share certificates in respect of the amendment.
A copy of this announcement, together with a form of surrender, will be
despatched to shareholders on or about 9 April 2001. The form of surrender must
be completed and returned, together with share Certificate/s and/or other
document/s of title to shares of the Company, to Mercantile Registrars Limited
("Mercantile"), 11 Diagonal Street, Johannesburg, 2001, (P.O. Box 1053,
Johannesburg, 2000).
Mercantile will, within five business days of receipt of the duly signed form
of surrender and accompanying share certificate/s and/or other documents of
title, send a replacement share certificate in respect of the changes at their
risk, by registered mail to the address of the shareholder concerned as shown
in the Company's register of shareholders, or to any other address as
instructed in writing.
In terms of the exchange control regulations of the Republic of South Africa,
replacement share certificates to be issued to:
1 Non-resident or emigrant shareholders will be restrictively endorsed in terms
of those regulations; and
2 Emigrant shareholders will be placed under the control of the authorised bank
dealing in foreign exchange in the Republic of South Africa nominated by that
shareholder. It follows, therefore, that the authorised dealer releasing
blocked shares must countersign the form of surrender, thereby indicating that
the replacement share certificates will be placed under their control.
Replacement share certificates will not be despatched before shareholders have
surrendered their certificate/s in respect of the shares held by them, provided
that if any shareholder produces evidence to the satisfaction of the Company
that the certificate in respect of any shares has been lost or destroyed, the
Company may dispense with the surrender of such certificate against the
provision of an indemnity acceptable to the Company, the costs of which
indemnity shall be borne by the shareholder concerned.
City Group Limited
Group Secretaries
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
