7 500 000 Shares In BJMH
Barnard Jacobs Mellet Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/004798/06)
Share code : BJM
ISIN code: ZAE000014262
("BJMH" or "the company")
SPECIFIC REPURCHASE OF A MAXIMUM OF 7 500 000 SHARES IN BJMH ("the specific
repurchase")
Introduction
On 10 October 2001 it was announced that BJMH had entered into an agreement
with Masimo Share Scheme (Proprietary) Limited ("Masimo") and the Public
Investment Commissioners ("PIC") regarding the potential repurchase of a
maximum of 7 500 000 BJMH shares from Masimo at R2,60 per share. These
shares will arise from the conversion of 7 500 000 compulsorily convertible
debentures in BJMH currently held by Masimo, on a one-for-one basis, on 20
March 2002 ("the conversion shares').
The specific repurchase
Shareholders are advised that BJMH has, in terms of the abovementioned
agreement, received written notice from the PIC to repurchase the conversion
shares at R2,60 each with effect from 20 March 2002. Accordingly these
shares will be repurchased by a wholly-owned subsidiary of BJMH, at a total
cost of R19,5 million.
Listing of the conversion shares
Application will be made to the JSE Securities Exchange South Africa for the
listing of the conversion shares with effect from Wednesday, 20 March 2002.
Johannesburg
12 March 2002
Corporate adviser and joint sponsor Lead sponsor
BJMCF Deloitte & Touche Sponsor
Services (Pty) Limited
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