| Fri 8 Jul 2005, 16:09 | | Redemption Debentures And Interest |
|
Decillion - Redemption Debentures And Notice Of Debenture Interest Payment
DECILLION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/011692/06)
JSE code: DECD ISIN: ZAE000040770
(`Decillion` or `the company`)
REDEMPTION OF 50% OF THE UNSUBORDINATED, UNSECURED, REDEEMABLE, CONVERTIBLE
DEBENTURES (`DEBENTURES`) AND NOTICE OF DEBENTURE INTEREST PAYMENT
Redemption of debentures:
In compliance with the Terms and Conditions of the Debentures, Decillion is
required to redeem 50% of the debentures by 31 July 2005 and the remaining 50%
by 31 July 2006. Accordingly, 5 729 331 debentures will be redeemed at their
principal amount (i.e. ZAR1.75 per debenture) on Friday, 29 July 2005 (`the 2005
tranche debentures`). Interest on all the debentures will be calculated from 1
February 2005 to 31 July 2005 as set out below.
Important dates and times:
2005
Notice of redemption of the 2005 tranche debentures Friday, 8 July
published and copies of the redemption circular sent to
debenture holders together with a form of surrender
Last day to trade in debentures prior to the 2005 tranche Friday, 22 July
redemption
Debentures trade `ex` the 2005 tranche redemption under new Monday, 25 July
ISIN ZAE000069712
Record date for debenture holders to be recorded in the Friday, 29 July
register in order to receive the 2005 tranche redemption
payment
Payments (either by cheque or by electronic transfer) of Monday, 1 August
the principal amount in respect of the 2005 tranche
debentures and balance debenture certificates issued (for
holders of certificated debentures only), provided the form
of surrender, together with the relevant debentures
certificates / documents of title were received by the
transfer secretaries by Friday, 29 July 2005, or failing
that within five business days after the date of receipt of
the documents of title
Dematerialised debenture holders will have their accounts Monday, 1 August
at their CSDP or broker updated with the new holding of
debentures and credited with the redemption monies
Listing of the 2005 tranche debentures will be terminated Monday, 1 August
on the JSE trading system from the commencement of business
Surrender of debenture certificates:
Dematerialised debenture holders need take no further action in this regard as
their CSDP or broker will arrange for their accounts to be updated
automatically.
If you hold certificated debentures, you must return the form of surrender which
accompanies the redemption circular, together with your debenture certificate/s
(`documents of title`) to Decillion`s transfer secretaries, Computershare
Investor Services 2004 (Pty) Limited, Ground, Floor, 70 Marshall Street,
Johannesburg, 2001 ((PO Box 61763, Marshalltown, 2107) in accordance with the
instructions on the surrender form. Further copies of the form of surrender are
available from the transfer secretaries.
If your documents of title relating to your debenture certificates have been
lost or destroyed, Decillion may dispense with the surrender of such documents
of title upon production of evidence satisfactory to the directors that the
documents of title have been lost or destroyed and upon delivery of a properly
executed indemnity form which is available from the transfer secretaries on
request and which will be regarded as the only suitable form of submission in
such circumstances.
Notice of interest payment:
Notice is hereby given that the Board has declared an interest payment in
respect of the period 1 February 2005 to 31 July 2005 (Ref. 06/05) of 8,6781
cents per debenture, which will be payable to debenture holders recorded as such
in the books of the company on the record date.
The last day to trade in the debentures for purposes of entitlement to the
interest payment will be Friday, 22 July 2005. The debentures will commence
trading ex the interest payment on Monday, 25 July 2005 and the record date will
be Friday, 29 July 2005. The interest will be paid on Monday, 1 August 2005.
Current debenture certificates may not be dematerialised or rematerialised after
Friday, 22 July 2005.
Johannesburg
8 July 2005
Sponsor: Attorneys
Barnard Jacobs Mellet Corporate Finance Jowell Glyn & Marais Inc
(Proprietary) Limited
