National Chick Limited - Results Of Scheme Meeting
National Chick Limited
(Registration number 1980/008743/06)
(Share code: NCX, ISIN number ZAE000010591)
("Natchix")
Astral Foods Limited
(Registration number 1978/003194/06)
(Share code: ARL, ISIN number ZAE000029757)
("Astral")
National Chick Limited
(Registration number 1980/008743/06)
(Share code: NCX, ISIN number ZAE000010591)
("Natchix")
Astral Foods Limited
(Registration number 1978/003194/06)
(Share code: ARL, ISIN number ZAE000029757)
("Astral")
Results of scheme meeting
1. Introduction
Rand Merchant Bank is authorised to announce that:
at a meeting held on 4 October 2001, the requisite majority of Natchix
shareholders approved the scheme of arrangement ("the scheme") proposed by
Astral between Natchix and its shareholders, other than Astral, in terms of
section 311 of the Companies Act, No 61 of 1973, as amended;
application to the High Court of South Africa (Natal Provincial Division)
to sanction the scheme will be made on Monday 15 October.
2. Condition precedent
Implementation of the scheme is subject to Competition Commission approval.
Bar any special circumstances arising, it is envisaged that the Competition
Commission will report its findings by no later than the end of December
2001.
3. Further announcement
A further announcement will be published after the Competition Commission
has reported its findings, advising shareholders of the expected date for
implementation of the scheme.
Umlaas Road
5 October 2001
Adviser and transactional sponsor
to Astral
Rand Merchant Bank
Corporate Finance
a Division of FirstRand Bank Limited
Independent adviser
to Natchix
BOE Merchant Bank
A Division of Boe Bank Limited
Co. Reg. No. 1951/000847/06
Sponsor to Astral
ING Barings
Sponsor to Natchix
BOE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/01224/07
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