MUSTEK LIMITED RECTRON HOLDINGS LIMITED
Incorporated in the Republic if Incorporated in the Republic of
South Africa South Africa
(Registration number (Registration number
1987/070161/06) 1998/015355/06)
("Mustek" or "the company") ("Rectron")
Share Code: MST Share Code: RCT
ISIN Code: ZAE 000012373 ISIN Code: ZAE 000016622
SALIENT DATES OF THE OFFER
Shareholders are referred to the announcement published on 25 March 2002, in
which it was stated that Mustek would make a conditional offer to the
ordinary shareholders of Rectron to acquire all the ordinary shares in
Rectron not presently owned by Mustek and the key Rectron executives (" the
offer shareholders") for a cash consideration of 80 cents per share.
Accordingly, the salient dates of the offer are as follows:
2002
Offer opens at 09h00 on Monday, 22 April
Last day to trade on Tuesday, 7 May
Offer closes at 14h30 on Tuesday, 14 May
Record date on Tuesday, 14 May
Announcement of results of the offer Wednesday, 15 May
published in the press on or about
If offer declared unconditional, notice Thursday 16 May
given in terms of Section 440K (1) of
the Act on or about
*Suspension of Rectron shares on the JSE Friday, 17 May
at the commencement of business on
Posting of cheques / CSDP or stockbroker As per note 1
accounts will be updated on
CSDP or stockbrokers credited with Friday, 17 May
amounts
*Termination of Rectron's listing on the Friday, 28 June
JSE at the commencement of business on
Share certificates may not be dematerialised and rematerialised between
Tuesday, 30 April 2002 and Tuesday, 14 May 2002 (both dates inclusive).
Note 1
Mustek will issue cheques or make payment by electronic transfer of
amounts due to the offer shareholders pursuant to valid acceptances in
respect of the offer on the later of the business day following the
offer being declared unconditional, or within seven days of the receipt
by the transfer secretaries of the properly completed form of
acceptance, together with the relevant documents of title in the case
of certificated shareholders. Where dematerialised shareholders are
concerned, the CSDP or broker will be credited with any amount due to
the offer shareholders in terms of the custody agreement entered into
between the dematerialised shareholder and his CSDP or broker.
* If section 440K is invoked.
Midrand
19 April 2002
Sponsor to Mustek and Legal advisor to Legal advisor to the
transactional sponsor Mustek transaction
to Rectron
Exchange Sponsors Kramer & Viljoen Fluxman Rabinowitz
Raphaely Weiner
Joint corporate advisors to Mustek Independent advisor
to Rectron
Corporate Solutions Merchantec Grant Thornton Kessel
Feinstein Corporate
Finance (Proprietary)
Limited
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