Primedia - Settlement Of The Final Debenture Inter
PRIMEDIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/003355/06)
JSE Share code PMA ISIN ZAE000035119
JSE Share code PMN ISIN ZAE000035127
("Primedia")
Settlement of the final debenture interest
1. Introduction
Shareholders are hereby notified that the timetable as contained in the
circular issued to Primedia unitholders on 30 November 2001 has had to be
amended due to the fact that the re-investment election ratio to be based on
the weighted average traded price of the Primedia consolidated "N" shares
for the three days ending on Wednesday, 20 February 2002 is required in
advance for the Corporate Actions system in Share Transactions Totally
Electronic ("STRATE") settlement system used by the JSE Securities Exchange
South Africa ("JSE"). The effect of the change in the timetable will be the
postponement by two weeks of the last day to elect the cash payment, the
cash payment date in respect of the cash election and the date of
entitlement to new Primedia consolidated "N" shares in respect of the re-
investment election.
2. Revised timetable
2002
Re-investment election price to be calculated based
on the weighted average traded price of the Primedia
consolidated "N" shares for the three days ending Wednesday, 20 February
Final date announcement Friday, 22 February
Last day for Primedia consolidated ordinary and
"N" shares to trade cum the final debenture
interest entitlement Friday, 1 March
Listing of the maximum number of Primedia consolidated
"N" shares in respect of the re-investment election from
commencement of business on Monday, 4 March
Last day to elect the cash payment (by 12:00) Wednesday, 6 March
Record date to determine payment of the final
debenture interest payment Friday, 8 March
Date from which dematerialised Primedia consolidated
shareholders will have the cash payment or new Primedia
consolidated "N" shares in respect of the re-investment
election credited to them in terms of the custody
agreement entered into between them
and their CSDP or broker Monday, 11 March
Date from which cheques in respect of the cash payment or
the new Primedia consolidated "N" share certificates
in respect of the re-investment election will be made
available or posted to certificated
Primedia consolidated shareholders Monday, 11 March
3. General
Final debenture interest of 17,32 cents plus interest calculated using call
deposit rates as determined by the Standard Bank of South Africa Limited
will be paid in respect of the cash payment election for the period from 22
February 2002 up to and including 8 March 2002.
Sandton
15 February 2002
Merchant Bank and Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Corporate law advisers and consultants
Edward Nathan & Friedland
Corporate Law Advisers & Consultants
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