(Incorporated in the Republic of South Africa)
(Registration number 1996/013764/06)
(Share code: CCH)
(ISIN code: ZAE000013249)
("CCH")
Results of General Meeting
Brait Advisory Services Limited is authorised to announce that CCH
shareholders, at a general meeting of CCH held on Friday, 28 September 2001,
passed all the special and ordinary resolutions proposed at that meeting by
the requisite majority of those CCH shareholders present in person or by
proxy. The special resolutions were subsequently registered by the Registrar
of Companies.
Accordingly the disposal by CCH to MGX Holdings Limited of CCH's claims and
all the shares of Infracom (Proprietary) Limited was approved and the
listing of CCH on the JSE Securities Exchange South Africa ("JSE") will be
suspended with effect from the close of trading on Tuesday, 2 October 2001
and subsequently be terminated at the close of trading on Tuesday,
9 October 2001.
An advance liquidation dividend of 61 cents per CCH share ("advance
liquidation dividend") will be distributed to CCH shareholders registered as
such at the close of trading on Friday, 5 October 2001. This distribution
will take place on Monday, 8 October 2001 or as soon as reasonably
practicable thereafter and will be transferred electronically to
shareholders' bank accounts or, in the absence of suitable mandates, cheques
will be posted to CCH shareholders by ordinary mail, at the risk of the CCH
shareholders concerned, to the addresses reflected in the shareholders
register.
The balance of cash held by CCH, after all liabilities, liquidation costs
and all normal taxes have been settled, will be distributed as a final
liquidation dividend to CCH shareholders. This distribution will take place
as soon as possible after the voluntary winding-up of CCH was finalised to
the satisfaction of the Master of the High Court of South Africa.
Johannesburg
2 October 2001
Corporate advisor and sponsor
Brait
Attorneys to CCH
ÝRabin van den Berg & Pelkowitz Inc.¨
Auditors and reporting accountant
ÝPricewaterhouseCoopers Inc.¨
Chartered Accountants (SA)
Registered accountants and auditors
(Registration No. 1998/012055/21)
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