Securedata - Salient Dates For The Proposed Unbund
SECUREDATA SOLUTIONS LIMITED
(Registration number 1998/020718/06)
("SecureData" or "the company")
Salient dates for the proposed unbundling of SecureData's entire
shareholding in ERP.Com Holdings Limited and the proposed delisting and
winding-up of SecureData
1. INTRODUCTION
It was announced in the press on 6 July 2001 that the board of directors of
SecureData had resolved, subject to the fulfilment of certain conditions
precedent, to unbundle the company's entire shareholding in ERP.Com Holdings
Limited ("ERP.com"), consisting of 34 842 000 ERP.com shares, to its
shareholders ("the unbundling") by way of a distribution in specie in terms
of section 60 of the Income Tax Act, 1993 (Act 113 of 1993), as amended,
pursuant to a members' voluntary winding-up of the company ("the winding-
up").
1.2 It is anticipated that SecureData's listing on the JSE Securities
Exchange South Africa ("the JSE") will be suspended and terminated in
anticipation of the finalisation of the winding-up ("the delisting").
2. SALIENT DATES AND TIMES
2.1 The salient dates and times for the unbundling and the delisting are set
out below:
2001
August
Last day to lodge forms of proxy for the
general meeting of SecureData shareholders by Tuesday,
09h00 on 21
General meeting of SecureData shareholders at Thursday,
09h00 on 23
Results of general meeting published in the Friday, 24
press on
Listing of SecureData shares on the JSE
suspended with effect from Wednesday,
the close of trading on 29
Record date for the unbundling Friday, 31
Listing of SecureData shares on the JSE Friday, 31
terminated with effect the close of trading on
September
Effective date of the unbundling Monday, 3
Note: These dates are subject to change. Any amendment will be published in
the press.
It is expected that the winding-up will be finalised by the end of March
2002.
3. CIRCULAR TO SHAREHOLDERS
A circular to SecureData shareholders, containing detailed information
regarding the unbundling, the delisting and the winding-up and incorporating
a notice of general meeting of SecureData shareholders, will be posted to
SecureData shareholders today.
Johannesburg
1 August 2001
Corporate advisers and lead Joint sponsor
sponsor
TRANS ATLANTIC SECURITIES APPLETON SECURITIES
(PTY) LIMITED Corporate Finance Division
Corporate Finance ((Registration number
(Registration number 1998/021849/07)
1999/000210/07) (Member of the JSE Securities
Exchange South Africa)
Registered as a Sponsor with
the JSE Securities Exchange
South Africa
Legal advisers Auditors
TRANS ATLANTIC SECURITIES (PTY) FISHER HOFFMAN PKF (JHB) INC.
LIMITED Chartered Accountants (SA)
Corporate Legal Advisory Registered Accountants and
(Registration number Auditors
1999/000210/07) (Registration number
1994/001166/21)
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