President Steyn Gold Mines Limited - Closing Annou
President Steyn Gold Mines Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/014461/06)
Share code PGD ISIN ZAE000026654
("PSGM")
CLOSING ANNOUNCEMENT IN RESPECT OF:
THE DISPOSAL OF THE PRESIDENT STEYN GOLD MINING
AND TRAINING OPERATIONS; AND
FINAL DATES REGARDING THE SHARE PREMIUM DISTRIBUTION
In the circular to PSGM shareholders dated 24 December 2001 and the results
announcement dated 16 January 2002, it was announced that PSGM disposed of
Mindserv (Proprietary) Limited, including its wholly-owned subsidiary
President Steyn Gold Mines (Free State) (Proprietary) Limited and T.M.
Training Initiative (Proprietary) Limited to Thistle Mining Incorporated
with effect from 1 February 2002 ("the disposal"), and that a share premium
distribution of 55 cents per PSGM share will be paid to shareholders ("the
share premium distribution").
Further to the announcements dated Thursday, 31 January 2002 and Tuesday, 5
February 2002, the full consideration in respect of the disposal was
received by PSGM on Friday, 15 February 2002. The transaction has now been
completed.
The payment of the share premium distribution to shareholders will be made
on or about Monday, 4 March 2002. Shareholders are reminded that the last
date to trade to participate in the share premium distribution is Friday, 22
February 2002. PSGM shares will trade ex-entitlement on Monday, 25 February
2002 and the record date is Friday, 1 March 2002. No dematerialisation of
shares may take place between Monday 18 February 2002 and Friday 1 March
2000 (both days inclusive).
Johannesburg
18 February 2002
Corporate adviser
Argil Corporate Finance (Pty) Ltd
(Registration number 2000/012659/07)
Reporting accountants
JCB
Attorneys to PSGM
Hofmeyr Herbstein Gihwala Inc.
(Registration number 1997/001523/21)
Sponsor
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
Independent adviser
BOE Merchant Bank
A Division of BOE Bank Limited
Co. Reg. No. 1951/000847/06
Attorneys to Thistle
Werksmans Incorporated
(Registration number 1990/007215/21)
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