Grintek Limited - Results of the pro rata repurcha
GRINTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1955/000013/06)
("Grintek Limited" or "the company")
Share code : GNK
ISIN : ZAE000003067
Results of the pro rata repurchase offer
Introduction
On 3 May 2002 Investec Bank Limited announced that Grintek Limited and or
any subsidiary thereof ("Grintek") intended to make a specific offer to
repurchase Grintek Limited ordinary shares ("shares") on a pro rata basis
("the pro rata offer"), subject to the approval of shareholders in terms of
sections 85 to 89 of the Companies Act (61 of 1973) as amended and the
Listing Requirements of the JSE Securities Exchange South Africa ("JSE"). A
circular in this regard was dispatched to shareholders on 10 May 2002.
The pro-rata offer closed at 16:00 on Wednesday, 12 June 2002.
Results of the Pro Rata Offer
A total of 22 813 005 shares, representing 7.75% of the issued share capital
of Grintek were repurchased under the pro rata offer. Shares tendered under
the excess pro rata offer were not repurchased.
JSE Listing
As all the shares repurchased have been repurchased by a subsidiary of
Grintek Limited, none of the shares will be cancelled nor will the JSE
listing in respect of those shares be terminated.
Centurion
18 June 2002
Merchant Bank Sponsor
Investec Corporate Finance Investec Securities Limited
Date: 18/06/2002 04:36:06 PM Produced by the SENS Department
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