Disposal, Assumption Of Liabilities, Final Unbundl
On 26 Feb 02 Fedsure concluded an agreement with Root Ginger (Pty) Ltd to dispose of its assets, other than 1 750 978 Investec ords to Root Ginger. The agreed purchase price is one rand, plus the assumption by Root Ginger of all liabilities and obligations of Fedsure. The intention is for Root Ginger and Investec to conclude a settlement of the Investec claims. Should the disposal agreement become unconditional the final unbundling shares will be unbundled to Fedsure shareholders and Fedsure will be delisted from the JSE and the NSX on 7 May 02 (suspended with effect from 29Apr 02). 56.71% of the shares which may vote have given an irrevocable undertaking to vote in favour of the transaction. The LDR to participate in the unbundling is 3 May 02 and payment will be on 7 May 02.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
