| Fri 1 Mar 2002, 0:00 | | Mathomo Group Limited - Results Of The General Mee |
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MATHOMO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004783/06)
Share code: MTO ISIN: ZAE000010542
("Mathomo" or "the Company")
RESULTS OF THE GENERAL MEETING,
FINALISATION OF THE RIGHTS OFFER AND IMPORTANT
DATES AND TIMES IN RESPECT OF THE CONSOLIDATION
1. RESULTS OF THE GENERAL MEETING
Mathomo shareholders voted unanimously in favour of all the special and
ordinary resolutions proposed at the general meeting held on Wednesday, 27
February 2002 required to:
* increase the authorised share capital of the Company;
* place the unissued shares under the control of the Board of Directors of
Mathomo ("the Board");
* consolidate the authorised and issued shares of the Company on a 10 for
one basis ("the consolidation"); and
* amend the Company's Articles of Association.
The special and ordinary resolutions were duly registered by the Registrar
of Companies on Wednesday, 27 February 2002.
2. THE RIGHTS OFFER
The Board has resolved to raise approximately R20 million by way of a rights
offer of new Mathomo shares ("rights shares") to Mathomo shareholders at a
price of 5 cents per rights share, in the ratio of 550 rights shares for
every 100 shares of 0,1 cent each ("Mathomo shares"), registered at the
close of trade on Friday, 15 March 2002.
The important dates and times of the rights offer were announced on 22
February 2002. Certificated shareholders who wish to sell all or a portion
of their renounceable (nil paid) letters of allocation ("letters of
allocation"), issued to them in terms of the rights offer, are hereby
reminded to dematerialise their letters of allocation on or before Monday,
25 March 2002.
3. LISTINGS
The JSE Securities Exchange, South Africa ("JSE") has granted the listing
of the:
* letters of allocation in respect of the 399 208 733 rights shares with
effect from the commencement of trade on Monday, 11 March 2002 to Wednesday,
3 April 2002; and
* 399 208 733 rights shares with effect from the commencement of trade on
Thursday, 4 April 2002.
4. IMPORTANT DATES AND TIMES IN RESPECT OF THE CONSOLIDATION
The important dates and times in respect of the consolidation are set out in
the table below.
2002
Last day to trade in "old" Mathomo shares prior
to the consolidation on Thursday, 25 April
New capital structure of Mathomo listed on the
JSE at 09:00 on Friday, 26 April
Trading in consolidated shares on the JSE commences
at 09:00 on Friday, 26 April
Record date for the consolidation on Friday, 3 May
In respect of certificated shareholders, if existing
share certificates are surrendered together with
forms of surrender on or before Friday, 3 May 2002,
new share certificates will be posted, at the risk
of shareholders on Monday, 6 May
Dematerialised shareholders will have their safe
custody accounts that they hold with their
Central Securities Depository Participants ("CSDP")
or brokers updated with the new consolidated
shares on Monday, 6 May
Notes:
1. These dates and times are subject to amendment. Any such amendment will
be published on the Securities Exchange News Service and in the press.
2. Share certificates in "old" Mathomo shares may not be dematerialised or
rematerialised after Thursday, 18 April 2002.
5. CIRCULARS AND DOCUMENTATION
A circular providing further details relating to the rights offer and
consolidation and incorporating revised listing particulars, a letter of
allocation and a form of surrender will, subject to the registration thereof
by the Registrar of Companies, be posted to certificated shareholders on or
about 18 March 2002.
Shareholders who have dematerialised their Mathomo share certificates will
not receive a circular and letter of allocation as these have been sent to
their CSDPs or brokers, unless dematerialised shareholders have made the
necessary prior arrangements with their CSDPs or brokers to receive the
circular.
Johannesburg
1 March 2002
Merchant bank and sponsor
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Attorneys to Mathomo
Levy, Feinsteins & Associates Inc.
(Registration Number 1995/001716/21)
Reporting accountants
Fisher Hoffman PKF (Jhb) Inc.
Chartered Accountants (SA)
Registered Accountants & Auditors
(Registration number 1994/001166/21)
Underwriter
The Standard Bank of South Africa Limited
Incorporated in South Africa
(Registration number 1962/000738/06)
Attorneys to the underwriter
Prinsloo, Tindle & Andropoulos Inc. Attorneys
Debt adviser
CMS
Credit Management Solutions (Pty) Ltd
