LogOpt Limited
(formerly LogicalOptions Limited and, prior to that,
The Education Investment Corporation Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1995/012378/06)
("LogOpt")
Results of general meeting
Shareholders are advised that at the general meeting of LogOpt shareholders
held on Thursday, 16 August 2001, the resolutions necessary to implement the
following were passed by the requisite majority of LogOpt shareholders:
- the unbundling of LogOpt in terms of section 60 of the Income Tax Act,
1993 (Act 113 of 1993), as amended, by way of a distribution in specie of
175 551 428 ordinary shares in Paracon Holdings Limited (3the unbundling});
- the reduction of LogOpt1s share premium from R283 376 498 to R166 038 840
as a consequence of the unbundling; and
- an application by LogOpt to the JSE Securities Exchange South Africa (3the
JSE}) to terminate the listing of LogOpt1s shares on the JSE (3the
delisting}).
A table of salient dates with regard to the unbundling and delisting follows
below:
2001
Record date to participate in the unbundling Friday,24
August
Listing of LogOpt1s shares on the JSE terminated by
the close of trade on Friday, 24
August
Effective date of the unbundling Monday, 27
August
Paracon Holdings Limited share certificates posted
by registered post, on or about Monday, 27
August
Johannesburg
16 August 2001
DTP
M&D Graphic Design
E-mail: lizb@mdgraphic.co.za
Tel: (011) 789 6337
Fax: (011) 789 7151
Cell: 082 923 7382
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