Edward L Bateman Limited
(Registration number 1930/002553/06)
(JSE code: ELB ISIN: ZAE000002374)
("ELB" or "the company")
Disposal by ELB of its 66% shareholding
in Bateman Project Holdings Limited and
change of name of ELB to ELB Group Limited
1. INTRODUCTION
It was announced on 30 October 2001 that ELB had, subject to the fulfilment
of certain conditions precedent, agreed to dispose of its 66% shareholding
in Bateman Project Holdings Limited ("Batepro") to Charton Investments S.A.
("the disposal").
It was further advised that in terms of the agreement governing the
disposal, ELB and its subsidiaries were required to remove all references to
the name "Bateman" from their names. The board of directors of ELB has
therefore proposed that ELB's name be changed to "ELB Group Limited".
2. Approval of the disposal and the change of name
A general meeting of shareholders will be held at 10:00 on 7 January 2002 to
consider and, if deemed fit, approve the resolutions necessary to ratify the
disposal in terms of section 228 of the Companies Act, and to approve the
change of ELB's name to "ELB Group Limited".
The JSE Securities Exchange South Africa ("JSE") has approved the change of
name with effect from the commencement of business on Monday 28 January
2002.
3. Important dates and times
2002
Last day to lodge forms of proxy
for general meeting by 10:00 on Friday 4 January
General meeting of shareholders to
be held at 10:00 on Monday 7 January
Results announcement published on SENS and
in the press on Tuesday 8 January
Last day to trade ELB shares on Friday 25 January
Trading in ELB Group Limited
shares commences on Monday 28 January
Record date to receive new
share certificates on Friday 1 February
New share certificates will be posted to
non-dematerialised shareholders who have
surrendered their old share
certificates as at the record date on Monday 4 February
If share certificates are surrendered after
the record date, then new share certificates
will be posted within 5 business days of surrender
In respect of dematerialised shareholders,
safe custody accounts with shareholders'
CSDPs and brokers will be credited on Monday 4 February
Note: These dates and times may be changed at the instance of the company.
Any changes will be published on SENS and in the press.
4. Documentation
The JSE and the Securities Regulation Panel have approved the circular
containing full details of the disposal and change of name and a notice of
general meeting, which circular is being posted to shareholders today,
Friday 30 November 2001.
Boksburg
30 November 2001
Adviser and sponsor to ELB
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Attorneys to ELB
Werksmans Incorporated
(Registration number 1990/007215/21)
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.
