Unifer - Results Of Scheme Meeting
UNIFER HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/010061/06)
(Share code: UNF ISIN: ZAE000027504)
("UniFer")
RESULTS OF SCHEME MEETING
1. Results of Scheme Meeting
Further to the announcement dated 25 April 2002, UniFer shareholders
are advised that at the scheme meeting held on Monday, 20 May 2002,
the requisite majority of UniFer shareholders present and voting at the
scheme meeting in person or by proxy, approved without modification
the scheme of arrangement in terms of section 311 of the Companies Act,
1973 (Act 61 of 1973), as amended ("the scheme"), proposed by
Absa Group Limited ("Absa") between UniFer and its shareholders,
other than Absa and Wilsun Investments (Proprietary) Limited.
2. Application to Court
Application will be made to the High Court of South Africa
(Witwatersrand Local Division) ("the Court") to sanction the scheme on
Tuesday, 28 May 2002 at 10:00 or as soon thereafter as Counsel may be
heard. If the scheme is sanctioned by the Court, the only remaining
condition precedent to which the scheme will be subject, will be
the registration of the Order of Court sanctioning the scheme by the
Registrar of Companies.
3. Further Announcement
A further announcement regarding the outcome of the application to the
Court and details of the surrender procedures for existing UniFer
documents of title will be made in due course.
Sandton
22 May 2002
Merchant bank to the scheme and Absa
ABSA CORPORATE AND MERCHANT BANK
Corporate Finance
(Registration number 1986/004794/06)
Attorneys to UniFer
Werksmans Incorporated
(Registration number 1990/007215/21)
Sponsor and corporate adviser to UniFer
Barnard Jacobs Mellet
Corporate Finance
Attorneys to the scheme
WWB
Webber Wentzel Bowens
Reporting accountants and auditors to UniFer
Ernst & Young
Chartered Accountants (SA)
(Registered Accountants and Auditors)
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