| Wed 24 Jul 2002, 0:00 | | Astral Foods - Results Of The General Meeting And |
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ASTRAL FOODS - RESULTS OF THE GENERAL MEETING AND FINALISATION OF THE ODD-LOT
OFFER
ASTRAL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/003194/06)
(Share code: ARL ISIN code: ZAE000029757)
("Astral Foods")
Results of the general meeting and finalisation of the odd-lot offer
1. Results of the general meeting
Shareholders are advised that at the general meeting held on Wednesday, 24 July
2002, the ordinary and special resolutions, required to give effect to the odd-
lot offer which was detailed in the circular dated 1 July 2002, were duly passed
by the requisite majority of shareholders. The special resolutions will be
lodged with the Registrar of Companies for registration.
2. Record date
The election period for the odd-lot offer opened on Monday, 1 July 2002 and will
close on Tuesday, 6 August 2002. Shareholders who are registered as such at the
close of business on Thursday, 8 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 Thursday, 1 August 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 Thursday, 1 August 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 Thursday, 1 August 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 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 Astral Foods by registered post, at the risk of such odd-lot holders, on
Monday, 12 August 2002, if their documents of title have been surrendered by the
close of business on Tuesday, 6 August 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, 12 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 results of the odd-lot offer, will be
published over SENS and in the press on Monday, 12 August 2002.
Pretoria
24 July 2002
Financial adviser and sponsor
ING Investment Banking
Legal adviser
Edward Nathan & Friedland
Corporate Law Advisers & Consultants
(Registration number 1999/026464/07)
Date: 24/07/2002 02:47:21 PM Produced by the JSE SENS Department
