THE GRIQUALAND EXPLORATION AND FINANCE COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/011100/06)
Share code: GEF
ISIN: ZAE000002960
("Gefco" or "the Company")
Announcement regarding the outcome of the general meeting of Gefco held in
regard to the voluntary delisting of the shares of Gefco on the JSE
Securities Exchange, South Africa
1. Introduction
Further to the announcement of the Company published on 6 February 2002,
this announcement serves to update shareholders on the voluntary delisting
of the shares of the Company on the JSE Securities Exchange, South Africa
("the JSE").
2. Outcome of general meeting
At the general meeting of the Company held at 10:00 on Wednesday, 27
February 2002, the ordinary resolution necessary to effect the voluntary
delisting of the shares of the Company on the JSE ("the delisting") was duly
passed by the requisite majority.
3. JSE listing
As all conditions precedent to the delisting have been fulfilled, the
listing of the shares of the Company on the JSE will be:
3.1 suspended with effect from the commencement of trading on the JSE on
Monday, 11 March 2002;
3.2 terminated with effect from the commencement of trading on the JSE on
Monday, 18 March 2002.
4. Post delisting
Shareholders are reminded that the Company is in the process of facilitating
an `over the counter market' ("OTC") whereby, should shareholders so wish,
they may trade in the shares of the Company. Unlike STRATE, trades in the
OTC are settled physically in certificated form. For this purpose, on the
date of delisting, STRATE will inform the respective Central Securities
Depositary Participant's ("CSDP's") and brokers that the shares of the
Company have been delisted and are accordingly required to be
rematerialised. Thereafter, at the request of CSDP's and brokers, the
transfer secretaries will ensure that share certificates arising from
rematted shares are posted to relevant shareholders.
Post delisting, shareholders wishing to avail themselves of the OTC may
contact Mr Piet van Zyl of Gefco on (011) 339-5458 or Mr Piet Meyer of
Mercantile Registrars Limited on (011) 370-5312 for further information and
assistance.
Johannesburg
28 February 2002
Corporate adviser and sponsor
PRICEWATERHOUSECOOPERS
Pricewaterhouse Coopers
Corporate Finance (Pty) Ltd
(Registration number 1970/003711/07)
Legal adviser
DENEYS REITZ
ATTORNEYS
Deneys Reitz Inc.
1984/003385/21
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