Billboard - Results Of Meeting And Reminder Of Dat
The disposal by Billboard of its remaining businesses, assets and
liabilities, a distribution to shareholders by means of a capital reduction
and the transfer of Billboard's listing to the "Cash Companies" sector of
the JSE Securities Exchange South Africa
1. Results of meeting
At the general meeting held on Tuesday 2 October 2001, shareholders approved
resolutions which will result in :
- the effective disposal by Billboard of its remaining businesses, assets
and liabilities to Global Exhibit and Events Limited ("Global") (a company
incorporated in the United Kingdom) for a cash consideration of R4,6 million
("the disposal");
- the distribution of R 3,6 million from the proceeds of the disposal to
shareholders ("the distribution"); and
- the listing of Billboard being transferred to the "Cash Companies" sector
of the JSE Securities Exchange South Africa ("JSE").
Application has been made to the South African Reserve Bank for the transfer
of funds from Global.
2. Important dates
Shareholders are reminded of the following important dates :
2001
Last day to trade in STRATE environment in Friday 19 October
order to participate in the distribution
(freeze on trade but not on settlement)
Shares commence trading ex the right to Monday 22 October
participate in the distribution
Listing of Billboard transferred to the Monday 22 October
"Cash Companies" sector of the JSE lists
Record date to participate in the Friday 26 October
distribution
Cheques posted and electronic funds Monday 29 October
transfers implemented
Any change in the above dates will be published on SENS and in the press.
Turffontein
5 October 2001
Sponsor to the transaction
Peregrine Corporate Advisory Services (Pty) Ltd
Reporting accountants Legal advisers
and auditors TW Ferguson
PricewaterhouseCoopers
Chartered Accountants
(SA)
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
