McCarthy Retail Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/003245/06)
("McRetail")
Ordinary shares: JSE code: MCT
ISIN number: ZAE000004354
Debentures: JSE code: MCTD
ISIN number: ZAE000004362
Salient dates of rights offer
1. Introduction
Rand Merchant Bank is authorised to announce that, further to the
announcement published on Monday 3 September 2001, the JSE Securities
Exchange South Africa ("JSE") has granted listings, subject to the JSE
shareholder spread requirements being met, for:
(i) the renounceable (nil paid) letters of allocation ("letters of
allocation") with effect from Monday 10 September 2001 to Wednesday 3
October 2001 (both days inclusive); and
(ii) the 1 799 999 915 ordinary shares and 833 333 175 preference shares to
be issued in terms of the rights offer with effect from Thursday 4 October
2001.
McRetail will therefore proceed with the rights offer to raise R869 999 938
(before expenses) subject to the registration by the Registrar of Companies
of the rights offer documents.
McRetail shareholders and debenture holders (collectively "McRetail security
holders") are advised that, in terms of an amendment to the terms of the
rights offer, they will now be entitled to subscribe for one linked unit
comprising 7.83841 ordinary shares and 3.628893 preference shares for every
one ordinary share or debenture held on the record date for the rights
offer.
2. Salient dates
2001
Last day to register in order to
participate in the rights offer by 16:00 on Friday 7 September
McRetail shares and debentures
listed ex-rights on the JSE at 09:00 on Monday 10 September
Listing of letters of allocation
commences on the JSE at 09:00 on Monday 10 September
Last day for receipt of postal
registrations to participate in the
rights offer - by 12:00 on Wednesday 12 September
Rights offer opens at 09:00 -
circulars and letters of allocation
posted to McRetail security holders
by registered mail on Friday 14 September
Last day for dealing in letters
of allocation on the JSE at 16:00 on Wednesday 3 October
Last day for splitting letters
of allocation by 14:30 on Thursday 4 October
Rights offer closes - last day for
letters of allocation to be lodged and
payment made by 14:30 on Friday 5 October
Last day for receipt of late
postal acceptances by 12:00 - subject
to envelope being post-marked
Friday 5 October 2001 or earlier Wednesday 10 October
Results of rights offer published Friday 12 October
Certificates in respect of the rights
offer shares posted on Friday 12 October
Refund cheques in respect of
unsuccessful applications for rights
offer shares posted on Friday 12 October
3. Despatch and inspection of documents
Copies of the rights offer circular and the accompanying letter of
allocation will be posted by registered mail to the McRetail security
holders entitled thereto on Friday 14 September 2001 and may be inspected at
the registered office of McRetail, McCarthy Centre, 203 North Ridge Road,
Durban, 4001 during normal business hours (Saturdays, Sundays and public
holidays excepted) from 09:00 on Friday 14 September 2001 to 16:30 on Friday
5 October 2001.
4. Last day to register
McRetail security holders are reminded that the last day to register in
order to participate in the rights offer is Friday 7 September 2001.
Durban
5 September 2001
Merchant bank and sponsor
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Attorneys
Deneys Reitz
Attorneys
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.
