EXTENSION OF OFFER PERIOD BY SAAMBOU TO THE MINORITY SHAREHOLDERS OF
THUTHUKANI
SAAMBOU HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004170/06)
("Saambou")
THUTHUKANI GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/016991/06)
("Thuthukani")
EXTENSION OF OFFER PERIOD BY SAAMBOU TO THE MINORITY SHAREHOLDERS OF
THUTHUKANI
Further to the press announcement on 9 July 2001 regarding the cash offer by
Saambou to minority shareholders of Thuthukani at 66,5 cents per share for
all or part of their shareholding, Thuthukani shareholders are hereby
advised of the salient dates of the extension of the offer period as
approved by the Securities Regulation Panel and the JSE Securities Exchange
South Africa ("JSE"):
2001
Offer closes at 16:00 on Friday, 17 August
Last day for receipt of postal acceptances,
postmarked on or before Friday, 17 August
to be received by 14:00 on Tuesday, 21 August
Results of offer published on or about Wednesday, 22 August
Shares on the JSE suspended from commencement of business
on Wednesday if 90% or more of Thuthukani minorities
accept the offer Wednesday, 22 August
Delisting of Thuthukani shares on the JSE subject to
the successful invoking of Section 440(K) of the
Companies Act, 1973 (Act 61 of 1973),
as amended on Wednesday, 3 October
Cheques in respect of the cash consideration will be posted to shareholders
who accept the offer, or deposited directly into the shareholder's bank
account, at the risk of the shareholder concerned, within five (5) business
days of receipt of the properly completed form of acceptance and surrender
and the valid documents of title.
All transactions in Thuthukani shares on the JSE during the offer period
from 13 August 2001 until 17 August 2001 will be for immediate settlement.
Thuthukani shareholders who have duly surrendered their Thuthukani
shares, have already been paid as per the terms set out in the offer
circular dated 9 July 2001.
The offer has been extended to afford minority shareholders who have
received the offer documents late due to postal delays, the opportunity to
consider the offer and respond accordingly.
These dates and times are subject to amendment. Any such amendment will
be published in the press.
Pretoria
1 August 2001
Advisor and sponsor to Saambou
ABN-AMRO Securities (South Africa) (Pty) Ltd.
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
Sponsor to Thuthukani
ABN-AMRO Securities (South Africa) (Pty) Ltd.
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
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