Iscor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/002164/06)
Share code: ISC ISIN: ZAE000022729
("Iscor")
Results of renounceable rights offer
Shareholders who have any queries regarding the contents of this
announcement are encouraged to call the Iscor ShareCare Line on
0800 006 960 (or +27 11 775 3420 if you are calling from outside South
Africa)
The results of the renounceable rights offer ("rights offer") of 152 930 416
new ordinary shares of no par value in Iscor ("Iscor shares") at R10,92 per
Iscor share are as follows:
Shareholders in Iscor ("Iscor shareholders"), their renouncees and
transferees, subscribed for 150 561 871 Iscor shares, representing 98% of
the total number of Iscor shares offered;
The balance of 2 368 545 Iscor shares available under the rights offer were
allocated proportionally amongst those Iscor shareholders, their renouncees
and transferees who applied for excess shares taking account of the number
of Iscor shares held by them as at the record date, Friday, 15 March 2002
and the number of Iscor shares for which they subscribed under their
entitlement. In total, applications were received for 103 736 691 excess
shares, representing an over-subscription of approximately 66%. Accordingly,
no underwriting of the rights offer was required.
Dematerialised shareholders' safe custody accounts have been credited with
their entitlements by their Central Securities Depository Participants or
brokers.
The entitlements due to certificated shareholders have been credited in
electronic form to a custody account at Mercantile Shareholders Nominees
(Proprietary) Limited, save where a share certificate has been requested in
which case it will be posted to the shareholder concerned.
Pretoria
15 April 2002
Lead manager and sponsor
JPMorgan
Corporate law advisers and Independent reporting
consultants accountants
Edward Nathan & Friedland KPMG
CLS Consulting
Information agent
Georgeson Shareholder Communications
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
