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Unihold Limited - Results Of Scheme Meeting
Unihold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/000216/06)
JSE Share code: UHS ISIN: ZAE000007589
("Unihold")
RESULTS OF SCHEME MEETING
1. Results of Scheme Meeting
Further to the announcement dated 25 April 2002, Unihold shareholders
are advised that at the scheme meeting held on Monday, 20 May 2002,
a majority in number representing 99,6% of the votes exerciseable by
Unihold 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 Clidet No. 390 (Proprietary)
Limited ("Clidet") between Unihold and its shareholders,
other than a consortium of shareholders (comprising directors and
senior management).
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
conditions precedent to which the scheme will be subject, will be the
approval of the scheme by the South African Competition Authorities and
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, approval of the Competition Authorities and details of the
surrender procedures for existing Unihold documents of title will be
made at the appropriate times.
Johannesburg
22 May 2002
Sponsor to Unihold
Bridge Capital Services (Pty) Limited
(Registration number 1998/016301/07)
(A sponsor registered with
the JSE Securities Exchange South Africa)
Merchant bank to Clidet
ABSA CORPORATE AND MERCHANT BANK
Corporate Finance
(Registration number 1986/004794/06)
Attorneys to Unihold
Werksmans Incorporated
(Registration number 1990/007215/21)
Attorneys to the scheme
Cliffe Dekker
Date: 21/05/2002 12:56:00 PM Produced by the SENS Department
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