DE BEERS CONSOLIDATED MINES LIMITED
(Incorporated in the Republic of South Africa)
(Company Registration No 1888/000007/06)
DE BEERS CENTENARY AG
(Incorporated under the Laws of Switzerland)
DB INVESTMENTS
RC Luxembourg No: B 78985
Incorporated as a societe anonyme under the laws of Luxembourg
29 May 2001
DB Investments Offer for De Beers
Scheme Sanctioned by Court
De Beers Consolidated Mines Limited and De Beers Centenary AG (together "De
Beers") and DB Investments ("DBI") announce that, following the sanctioning
by the High Court of South Africa of the scheme of arrangement to implement
DBI's offer for De Beers and the registration of the related Court order by
the South African Registrar of Companies, all the conditions precedent
required for the scheme to become operative have now been fulfilled.
The expected dates and times in relation to the scheme previously advised to
Linked Unit holders are now hereby confirmed as final and are set out below.
All times are South African times.
Suspension of the listings of Linked Units at the close of business -
Wednesday, 30 May 2001
Record Date (date on which Linked Unit holders must be registered in order
to be Scheme Participants and so be entitled to the Scheme Consideration),
at 4.00 pm, Friday 1 June 2001, by which time:
* all Currency Elections must have been made and received in respect of a
specified number of Linked Units, the Documents of Title of which must have
been surrendered on such election; and
* all Mix and Match Elections must have been made and received in respect
of a specified number of Linked Units, the Documents of Title of which must
have been surrendered on such election (see note i)
Termination of listings of Linked Units on the JSE and the LSE at the close
of business - Friday, 1 June 2001
Operative Date - Monday, 4 June 2001
Implementation Date (date on which the Scheme Consideration will be
posted/available for collection by Scheme Participants surrendering their
Documents of Title prior to 4.00 pm on the Record Date (see note ii)) -
Friday, 8 June 2001
Notes:
i. A Currency Election and/or Mix and Match Election must be made and
received prior to 4.00 pm on the Record Date. Such election will only be
valid if it is made on the White Surrender, Nomination and Election Form and
submitted with the Documents of Title relating thereto. No such election
will be valid if it is made and received after the Record Date.
ii. Any Scheme Participant who does not surrender his Documents of Title
prior to 4.00 pm on the Record Date will have his Scheme Consideration
posted, or may arrange for collection thereof, 5 Business Days after the
surrender of the relevant Documents of Title.
iii. Holders of Linked Units who surrender their Documents of Title prior
to 4.00 pm on the Record Date will not be able to trade those Linked Units
from the time of such surrender.
iv. All dealings in Linked Units on the JSE or the LSE during the week
ending on the Record Date, Friday, 1 June, will be for immediate settlement.
As previously announced, for the purpose of calculating Mix and Match
Elections pursuant to section 12.4.5 of the scheme circular, the price per
Anglo American share has been established at US$15,739823 in accordance with
the calculation described in that section.
Enquiries :
DE BEERS
Media (South Africa)
Tracey Peterson
Tel: +27 11 374 7388
Mobile: +27 83 408 7173
Media (UK)
Andrew Lamont
Tel: +44 20 7430 3515
Mobile: 07775 855279
Investor Relations (South Africa)
Mark Irvine
Mobile: +27 83 380 2988
Investor Relations (UK)
Richard Chetwode
Mobile: 07788 108819
DBI
Clifford Elphick
Tel: +27 11 638 2125
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.
