|
PALS HOLDINGS LIMITED - CAPITAL REDUCTION AND NOTICE OF LAST DAY TO REGISTER FOR
CASH DISTRIBUTION
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
JSE Share code: PAL ISIN: ZAE000055237
("Pals" or "the company")
CAPITAL REDUCTION AND NOTICE OF LAST DAY TO REGISTER FOR CASH DISTRIBUTION
The directors of Pals are of the opinion that the company has both cash and
permanent shareholders` funds in excess of its needs and therefore propose to
return part of these funds to Pals shareholders. Accordingly, the directors of
Pals have proposed a cash distribution of 17,22267 cents per ordinary share to
shareholders, registered as such at close of business on Friday, 6 September
2002, being the record date, in lieu of a dividend, by way of a reduction of the
company`s share premium account from R1 722 267 to naught ("the cash
distribution").
The cash distribution is subject to the passing by shareholders at the general
meeting scheduled for Monday, 19 August 2002 of:
a special resolution amending the articles of association of the company to
make provision for the company to make payments to its shareholders and the
registration thereof by the Registrar of Companies; and
an ordinary resolution approving the cash distribution.
Should the cash distribution be approved by shareholders the following salient
dates will be applicable thereto:
2002
Results of general meeting and further announcement
published on SENS Monday, 19 August
Results of general meeting and further announcement
published in the press Tuesday, 20 August
Last date to trade in Pals shares in order to
qualify for the cash distribution Friday, 30 August
Ex date from which shares trade ex-rights to
participate in the cash distribution Monday, 2 September
Record date Friday, 6 September
Distribution to shareholders Monday, 9 September
The above dates are subject to amendment. Any amendment will be announced in the
press.
Further details of the cash distribution are contained in the circular to
shareholders dated and posted to shareholders on 26 July 2002, copies of which
are available at the company`s registered office.
26 July 2002
Cape Town
Sponsor and corporate advisor
Sasfin Bank Limited
(Registration number 1951/002280/06)
Attorneys
Sonneberg Hoffmann & Galombik
Reporting accountants
Moores Rowland
Chartered Accountants (SA)
Date: 25/07/2002 05:12:00 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
