| Tue 30 Jul 2002, 0:00 | | Jci Limited - Amended Terms And Salient Dates Of T |
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JCI Limited - Amended terms and salient dates of the renounceable rights offer
JCI Limited
(Formerly Consolidated African Mines Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1894/000854/06)
(Share code JCD ISIN: ZAE 000039681)
("JCI ")
Amended terms and salient dates of the renounceable rights offer
1. Terms of rights offer
Shareholders of JCI are referred to the announcement dated 26 July 2002 in which
they were advised that the terms and salient dates of the rights offer have been
amended.
In terms of the rights offer JCI shareholders will be entitled to subscribe
for 344 488 942 new JCI shares at a subscription price of 45 cents per share, in
the ratio of 24,5 rights offer shares for every 100 JCI shares held by them at
the close of business on Friday, 16 August 2002.
As described in the announcement dated 19 July 2002, the rights offer has been
fully underwritten by BNC Investments (Pty) Limited and Investage 170 (Pty)
Limited.
2. Listing of rights offer shares and letters of allocation
The JSE Securities Exchange South Africa ("JSE") has granted listings for:
* 344 488 942 renounceable (nil paid) letters of allocation from the
commencement of trade on the JSE on Monday, 12 August 2002 to the close of trade
on Friday, 30 August 2002; and
* 344 488 942 new JCI ordinary shares from the commencement of trade on the
JSE on Monday, 2 September 2002.
3. Salient dates and times
The salient dates and times of the rights offer are as follows:
2002
Last day to trade for purposes of determining
the ordinary shareholders of JCI entitled to
participate in the rights offer Thursday, 8 August
Existing JCI shares commence trading ex-rights
at commencement of trading Monday, 12 August
Listing of letters of allocation commences
at commencement of trading Monday, 12 August
Record date for purposes of determining the
ordinary shareholders of JCI entitled to
participate in the rights offer Friday, 16 August
Rights offer opens at commencement of trading Monday, 19 August
Dematerialised shareholders will have their
share custody accounts at their Central Securities
Depository Participant ("CSDP") or broker
automatically credited with their entitlement Monday, 19 August
Certificated shareholders on the South African
register will have their entitlement credited to
a share custody account at Computershare
Nominees (Pty) Limited Monday, 19 August
Last day for dealing in letters of allocation by 17:00 Friday, 30 August
Listing of rights offer shares commences at
commencement of trading Monday, 2 September
Rights offer closes - payments to be made and form
of instruction in respect of letters of allocation
lodged by certificated shareholders by 14:30 (see note 2) Friday, 6 September
Record date for letters of allocation Friday, 6 September
The entitlements in respect of the rights offer
available and (where requested) certificates
posted to certificated shareholders Monday, 9 September
Dematerialised shareholder`s safe custody accounts
will be credited with entitlements by
their CSDP or broker from Monday, 9 September
Results of rights offer published on SENS Monday, 9 September
Notes
1. The abovementioned dates and times and arrangements relating to certain
foreign jurisdictions are subject to change. Any changes will be announced in
the press and on SENS.
2. Dematerialised shareholders are required to notify their duly appointed
CSDP or broker of their acceptance of the offer in the manner and time
stipulated in the agreement governing the relationship between the shareholder
and his/her CSDP or broker.
3. All times indicated are South African times unless otherwise indicated.
4. Share certificates may not be dematerialised between Monday, 12 August 2002
and Friday, 16 August 2002 both days inclusive.
4. Documentation and further announcement
A circular giving full details of the rights offer together with forms of
instruction in respect of the letters of allocation will be posted to JCI
shareholders on or about Monday, 19 August 2002.
A further announcement setting out the results of the rights offer will be made
on or about Monday, 9 September 2002.
Johannesburg
29 July 2002
Investor Relations
JCI Limited
G.W. Poole
Tel: +27 11 688 5012
Fax: + 27 11 836 3757
Corporate advisor and lead sponsor
CORPCAPITAL
Corporate Finance
(a sponsor registered with the JSE Securities Exchange South Africa)
Attorneys
Tabacks
Joint sponsor
Sasfin Bank Limited
(Registration number 1951/002280/06)
Reporting accountants
KPMG
Date: 29/07/2002 05:44:48 PM Produced by the JSE SENS Department
