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TILE AFRIKA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/017716/06)
Share code: TLF
ISIN code : ZAE000017604
("Tile Afrika" or "the company")
- Scheme unconditional; and
- Reminder of remaining salient dates
1. SCHEME UNCONDITIONAL
PSG Investment Bank Limited is authorised to announce that the scheme of
arrangement in terms of section 311 of the Companies Act, 1973 (Act 61 of 1973),
as amended, proposed by Tile Afrika between itself and certain of its
shareholders ("the scheme"), was sanctioned by the High Court of South Africa
(Witwatersrand Local Division) on Tuesday, 30 July 2002, and the Order of Court
sanctioning the scheme has been registered by the Registrar of Companies.
2. REMINDER OF REMAINING SALIENT DATES
The remaining salient dates to the implementation of the scheme are set out
below:
2002
Last day to trade in order to participate
in the scheme on Friday, 2 August
Listing of Tile Afrika shares on the
JSE Securities Exchange South Africa ("JSE")
suspended with effect from the commencement
of trading on Monday, 5 August
Record date for participation in
the scheme Monday, 12 August
Operative date of the scheme Tuesday, 13 August
Listing of Tile Afrika shares on
the JSE terminated with effect from the
commencement of trading on Wednesday, 14 August
Notes:
1. These dates and times are subject to change. Any change will be published in
the press.
2. Settlement of the consideration payable in respect of the scheme will be
posted to or deposited into scheme participants` (ie scheme members recorded in
the register of members on the record date) bank accounts on the operative date
of the scheme within 5 (five) business days of the receipt of the relevant
documents of title (in respect of scheme members who have not dematerialised
their Tile Afrika shares), whichever is the later.
3. No dematerialisation or rematerialisation of Tile Afrika shares will be
allowed after the close of business today.
Johannesburg
2 August 2002
Investment bank and sponsor
PSG Investment Bank
Attorneys of the scheme
Fluxmans Attorneys
Website: www.fluxmans.com
Fluxmans Inc. Registration no 2000/024775/21
Date: 02/08/2002 07:15:00 AM Produced by the JSE SENS Department
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