CAPITAL OF RELYON
STEINHOFF HOLDINGS LTD
(Incorporated in the Republic of South Africa)
(Registration number 1998/003951/06)
Share code: SHF ISIN code ZAE000016176
("Steinhoff")
RELYON plc
(Incorporated in the Republic of South Africa)
(Registration number 859590)
("Relyon")
OFFER BY STEINHOFF UK BEDS LIMITED ("STEINHOFF UK BEDS")
FOR THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL
OF RELYON ("THE OFFER")
Further to the announcement dated 10 August 2001 Gensec Bank Limited is
authorised to announce that on 6 September 2001 valid acceptances of the
offer had been received in respect of the total of 18 281 316 Relyon shares
to which the offer relates ("the offer shares"), representing approximately
90,5% of the offer shares.
Accordingly, the offer is being declared unconditional in all respects
and is being extended until further notice.
As Steinhoff UK Beds has received valid acceptances for more than 90% of
the offer shares, it intends to invoke the provisions of Sections 428 to
430F of the UK Companies Act 1985 to acquire compulsorily all outstanding
offer shares and thereby constitute Relyon a wholly-owned subsidiary of
Steinhoff UK Beds. Steinhoff UK Beds would now procure that the necessary
steps be taken for the cancellation of the listing of Relyon shares on the
Official List of the London Stock Exchange.
Wynberg, Sandton
10 September 2001
Sponsor and Investment Bank to Steinhoff in South Africa
Gensec Bank Limited
(Registration number 1996/004744/06)
Financial adviser to Steinhoff and Steinhoff UK Beds in the United Kingdom
Deloitte & Touche
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