| Tue 7 Aug 2001, 0:00 | | Monex - Results Of The General Meeting; And Salien |
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OFFER
MONEX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/010805/06)
("Monex" or "the Company")
* RESULTS OF THE GENERAL MEETING; and
* SALIENT DATES OF THE RIGHTS OFFER
1. RESULTS OF THE GENERAL MEETING
At the general meeting of Monex shareholders held on Tuesday, 7 August 2001,
the requisite majority of Monex shareholders passed the special and ordinary
resolutions necessary to:
* increase the authorised ordinary share capital of Monex by 200 000 000 new
ordinary shares of 1 cent each; and
* place the authorised but unissued ordinary shares in the share capital of
the Company under the control of the directors.
The special resolution is expected to be registered by the Registrar of
Companies today.
2. THE RIGHTS OFFER
Further to the announcement on Thursday, 2 August 2001, the Listings
Committee of the JSE Securities Exchange South Africa ("the JSE") has
granted listings for the:
* 348 660 618 new Monex ordinary shares to be issued at a subscription
consideration of 65 cents per share in terms of the rights offer ("the
rights offer"), with effect from the commencement of business on Thursday, 6
September 2001; and
* renounceable (nil paid) letters of allocation ("letters of allocation")
with effect from the commencement of business on Monday, 13 August 2001 to
the close of business on Wednesday, 5 September 2001 (both days inclusive).
Accordingly, Monex will proceed with the rights offer to raise R226,6
million (before expenses) subject to the registration by the Registrar of
Companies of the rights offer documents.
3. SALIENT DATES AND TIMES
The salient dates and times of the rights offer are as follows:
2001
Last day to register in order to participate in the
rights offer by close of business on Friday, 10 August
Monex ordinary shares trade ex-rights on the JSE from
commencement of business on Monday, 13 August
Letters of allocation listed on the JSE from
commencement of business on Monday, 13 August
Rights offer opens at 09:00 on Friday, 17 August
Letters of allocation and rights offer circular posted
to shareholders on Friday, 17 August
Last day for dealing in letters of allocation
on the JSE until 16:00 on Wednesday, 5
September
Last day for splitting letters of allocation
until 14:30 on Thursday, 6
September
Listing of new Monex ordinary shares on the JSE from
commencement of business on Thursday, 6
September
Rights offer closes at 16:00 on Friday, 7 September
Last day for receipt of postal acceptances postmarked
7 September 2001 or earlier, by 14:30 on Wednesday, 12
September
Results of the rights offer published on or about Friday, 14
September
New Monex share certificates in respect of
the rights offer posted on or about Friday, 14
September
The above times and dates may be changed. Changes will be published in the
press.
4. DESPATCH AND INSPECTION OF DOCUMENTS
Copies of the rights offer circular in English and the accompanying letter
of allocation will be posted by registered mail to the Monex shareholders
entitled thereto on Friday, 17 August 2001 and may be inspected at the
following addresses during normal business hours (Saturdays, Sundays and
public holidays excepted) from Friday, 10 August 2001 to Friday, 7 September
2001:
* the registered office of Monex, No 1 Waterford Place, Century City,
Milnerton; and
* BoE Merchant Bank, 187 Rivonia Road, Morningside, Sandton.
Cape Town
8 August 2001
Merchant bank
BOE Merchant Bank
A Division of BOE Bank Limited
Co. Reg. No. 1951/000847/06
Lead sponsor
PricewaterhouseCoopers
Corporate Finance (Pty) Ltd
(Registration number 1970/003711/07)
Sponsor
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
Attorneys
Sonneberg Hoffmann & Galombik Inc.
(Registration number 1993/000565/21)
