Paracon Holdings Limited - Fulfilment Of Condition
Paracon Holdings Limited
Registration No. 1997/008181/06
(Incorporated in the Republic of South Africa)
("Paracon")
Share code : PCN
ISIN : ZAE000029674
FULFILMENT OF CONDITIONS PRECEDENT TO SPECIFIC REPURCHASE
Shareholders are advised that all conditions precedent to the specific
repurchase by Paracon of 60 035 042 shares at 65 cents per share from
LogicalOptions (Proprietary) Limited (previously named Cardinalis
Investments (Proprietary) Limited) have been fulfilled.
The JSE Securities Exchange South Africa has granted approval for the
termination of the listing of 40 035 042 shares with effect from the
commencement of trading on Thursday 4 October 2001. The issued share capital
and premium of Paracon after the specific repurchase is R88,8 million.
Johannesburg
3 October 2001
Investment bank and sponsor to the specific repurchase
NEDCOR INVESTMENT BANK
Attorneys
WERKSMANS
ATTORNEYS
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