NETCARE
Clinics Holdings Limited Network Healthcare Holdings Limited
(Incorporated in the Republic of (Incorporated in the Republic of
South Africa) South Africa)
(Registration number (Registration number 1996/008242/06)
1987/004106/06) Share code: NTC ISIN code: ZAE
Share code: CLC ISIN code: ZAE 000011953 ("Netcare")
000001442
("Clinics")
RESULTS OF THE SCHEME MEETING
Further to the announcement dated 31 August 2001, Investec Bank Limited is
authorised to announce that the scheme of arrangement ("the scheme")
proposed by Netcare between Clinics and its shareholders other than Netcare
and its subsidiary companies, has been approved by the requisite majority of
scheme members at the scheme meeting held on Monday, 8 October 2001.
Application will be made to the High Court of South Africa (Transvaal
Provincial Division) ("the Court") to sanction the scheme on Tuesday, 16
October 2001 at 10:00 am or as soon thereafter as Counsel may be heard. If
the scheme is sanctioned by the Court, the only remaining condition
precedent to which the scheme will be subject, will be the registration of
the Order of Court sanctioning the scheme by the Registrar of Companies.
A further announcement regarding the outcome of the application to the Court
and details of the surrender procedure required for existing Clinics
documents of title, will be published on or about, Wednesday, 17 October
2001.
Sandton
10 October 2001
Lead sponsor to Netcare and
Adviser to Clinics Attorneys Clinics
Investec Bank Limited HR Levin Merrill Lynch (South
Africa) (Proprietary)
Limited
Reporting accountants Co-sponsor to Clinics
Fisher Hoffman PKF (Jhb) Inc Investec Securities Limited
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