Real People Finance Limited - Results Of General M
Real People Finance Limited - Results Of General Meeting Regarding The Delisting
Of RPF, Offer To Minority Shareholders And Last Day To Trade
REAL PEOPLE FINANCE LIMITED
(Registration number 1997/020159/06)
("RPF" or "the company")
JSE Code : RPF
ISIN Code : ZAE 000030821
RESULTS OF GENERAL MEETING REGARDING THE DELISTING OF RPF, OFFER TO MINORITY
SHAREHOLDERS AND LAST DAY TO TRADE
The board of directors announces that shareholders have approved the delisting
of RPF at the general meeting of shareholders held on Thursday, 11 July 2002.
The listing of RPF will be suspended from the commencement of business on
Monday, 29 July 2002 and the shares of the company will be delisted from
commencement of business on Tuesday, 06 August 2002
The offer to minority shareholders, which was subject to the approval of the
delisting and details of which are included in the circular to shareholders
dated 26 June 2002, opens at 10h00 on 12 July 2002. The last day to trade in
RPF shares is Friday, 26 July 2002. However shares may not be dematerialised
after Friday, 19 July 2002.
The offer closes on Friday, 02 August 2002. As a reminder to shareholders, the
offer comprises 15 cents cash and one Arcay Group Limited ("Arcay") share for
every 10 RPF shares held. Shareholders are further reminded that a limited
underpin of 50 cents per Arcay share exists in respect of the Arcay shares up to
a maximum of 300 Arcay shares.
Certificated shareholders should complete the form of acceptance, surrender and
transfer in respect of the offer and the limited underpin. Dematerialised
shareholders are required to notify their CSDP or broker of their acceptance of
the offer in the time and manner stipulated in the agreement governing the
relationship between the shareholder and the CSDP or broker.
Shareholders who do not accept the offer will remain as shareholders in the
unlisted company. However, if Real People Group (Proprietary) Limited receives
in excess of 90% acceptance of the offer, they reserve the right to invoke
section 440k of the Companies Act, 1973 as detailed in the circular.
Johannesburg
11 July 2002
Corporate advisor and joint Lead sponsor
sponsor LPC Manhattan
Arcay Group Limited
Date: 11/07/2002 03:42:22 PM Produced by the JSE SENS Department
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