OTK Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/004030/06)
("OTK")
CONDITIONS PRECEDENT
Pursuant to the announcements published in the press on 27 February 2001 and
2 April 2001, shareholders are advised that all conditions precedent to:
- the disposal by OTK Limited, a wholly owned subsidiary of OTK, of its
instalment sale debtors book and other interest bearing debtors books to
Wesbank, a division of First Rand Bank Limited and to The Land and
Agricultural Bank of South Africa, respectively; and
- the reduction of OTK9s capital and distributable reserves by way of a
cash distribution of 245 cents per share to shareholders,
have now been fulfilled.
Cheques in respect of the cash distribution will be mailed to shareholders
today.
Bethal
12 April 2001
Corporate advisor and sponsor
Brait
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