Dunlop / Ethos - Fulfilment Of All Suspensive Cond
and times
DUNLOP AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1939/012141/06)
ISIN: ZAE000029542
Ordinary share code: DNL
Preference share code: DNLP
ISIN: ZAE000029559
("Dunlop" or "the Company")
Ethos Private Equity Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/003363/06)
Fulfilment of all suspensive conditions and important dates and times
Further to the announcement dated 18 February 2002, shareholders are advised
that:
* the relevant competition authorities have issued an unconditional
clearance certificate in respect of the transaction. The issue of the
unconditional clearance certificate allows for the registration of the
special resolutions passed at the general meeting of Dunlop held on Friday,
8 February 2002 and the appointment of the liquidator which is in the
process of being finalised;
* all other suspensive conditions to the transaction have been fulfilled.
The ordinary share liquidation dividend of R4.00 per ordinary share, which
will be increased by 0,15 cent per ordinary share per day from Tuesday, 26
February 2002, will be paid on Monday, 18 March 2002 (being R4.03 if paid on
18 March 2002). The preference share liquidation dividend of R2.52 per
preference share, which will be increased by 0,033 cent per preference share
per day (representing the daily dividend accruing on a preference share)
from Tuesday, 26 February 2002, will be paid on Monday, 18 March 2002 (being
R2.5266 if paid on 18 March 2002). The liquidation dividends will be payable
to Dunlop shareholders recorded in the share register of the Company on
Friday, 15 March 2002 ("record date").
Salient dates and times
Last day to trade to be eligible to participate
in the liquidation dividends Friday, 8 March 2002
Suspension of the listing of Dunlop ordinary and
preference shares on the JSE Securities Exchange
South Africa ("JSE") from commencement of business
on Monday, 11 March 2002
Record date to register as a shareholder in
order to receive the liquidation dividends at the
close business at 16:00 on Friday, 15 March 2002
Termination of the listing of Dunlop ordinary and
preference shares on the JSE from commencement of
business on Monday, 18 March 2002
Cheques due in respect of the ordinary share
liquidation dividend and the preference
share liquidation dividend in
respect of certified holders posted on Monday, 18 March 2002
Proceeds due electronically deposited into
shareholders' accounts in respect of
certificated shareholders on Monday, 18 March 2002
Dematerialised shareholders' accounts credited with
Central Securities Depository Participant or broker
in respect of the ordinary share liquidation and
preference share liquidation dividend on Monday, 18 March 2002
No share certificates may be dematerialised or rematerialised after Friday,
1 March 2002. The above dates and times are subject to amendment. Any
amendment to the dates and times will be released on the Stock Exchange News
Service and published in the press. Durban
1 March 2002
Sponsor and corporate advisor
HSBC
Merchant bank to the Consortium
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Attorneys to the Consortium
Webber Wentzel Bowens
Attorneys to Dunlop
Deneys Reitz Attorneys Inc.
Reg. No. 1984/003385/21
Reporting accountants and auditors to Dunlop
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
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.
