| Wed 17 Jul 2002, 0:00 | | Illovo - Finalisation Of The Odd-lot Offer |
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Illovo - Finalisation of the Odd-Lot Offer
Illovo Sugar Limited
(Incorporated in the Republic of South Africa)
(Registration number 1906/000622/06)
Share code ILV ISIN ZAE000003547
("Illovo")
Finalisation of the odd-lot offer
1. Results of the annual general meeting
Shareholders are advised that at the annual general meeting held on Wednesday,
17 July 2002, inter alia, the ordinary and special resolutions, required to give
effect to the odd-lot offer were duly passed by the requisite majority of
shareholders. The special resolutions will be lodged with the Registrar of
Companies for registration on 22 July 2002.
2. Record date
The odd-lot offer opened on Tuesday, 18 June 2002 and will close on Wednesday,
31 July 2002. Shareholders who are registered as such at the close of business
on Friday, 2 August 2002 and who hold fewer than 100 shares ("odd-lot holdings")
are entitled to participate in the odd-lot offer ("odd-lot holders").
3. Last day to trade
Odd-lot holders are advised that the last day to trade in order to participate
in the odd-lot offer will be Friday, 26 July 2002. Any odd-lot holder who sells
a portion of his or her shares or acquires additional shares and whose
shareholding remains below 100 shares, after Friday, 26 July 2002, will still be
treated as an odd-lot holder for purposes of the odd-lot offer. If an odd-lot
holder acquires additional shares after Friday, 26 July 2002, and the odd-lot
holder`s shareholding exceeds 100 shares as a result of such acquisition, then
the said odd-lot holder will become ineligible to participate in the odd-lot
offer.
4. Surrender of existing documents of title by odd-lot holders of certificated
shares
4.1 All odd-lot holders, other than those who elect to retain their odd-lot
holdings, who hold certificated shares and who have not already done so, are
required to surrender their documents of title in respect of all their shares as
soon as possible to Computershare Investor Services Limited, 11 Diagonal Street,
Johannesburg, 2001 (PO Box 1053, Johannesburg, 2000).
4.2 New share certificates (if requested) and share statements (in respect of
those odd-lot holders who have elected to dematerialise their shares) will be
posted to those odd-lot holders who have elected to increase their shareholdings
in Illovo by registered post, at the risk of such odd-lot holders, on Monday, 5
August 2002, if their documents of title have been surrendered by the close of
business on Wednesday, 31 July 2002, or within five business days after
surrender of their documents of title, whichever is the later.
5. Odd-lot holders who hold dematerialised shares
5.1 Odd-lot holders who have dematerialised their shares do not hold share
certificates and consequently there is no surrender procedure applicable to
them.
5.2 Any movement as a result of the implementation of the odd-lot offer in the
number of shares held by odd-lot holders who have dematerialised their shares
will automatically be recorded in the relevant odd-lot holder`s account with the
Central Securities Depository Participant or broker selected by that odd-lot
holder.
6. Proceeds from the sale of odd-lot holdings
Cheques or electronic transfers in respect of the sale of odd-lot holdings will
be posted to the relevant odd-lot holders or effected on Monday, 5 August 2002,
by registered post or electronic banking, at the risk of such odd-lot holders,
and in respect of odd-lot holders who hold certificated shares, against
surrender by those odd-lot holders of their relevant documents of title.
7. General
A further announcement, detailing the implementation of the odd-lot offer, will
be published over SENS on Monday, 5 August 2002 and in the press.
Mount Edgecombe
17 July 2002
Financial adviser and sponsor
ING Investment Banking
Legal adviser
Garlicke & Bousfield
Date: 17/07/2002 03:00:59 PM Produced by the JSE SENS Department
