| Thu 8 Aug 2002, 0:00 | | Astral Foods - Implementation And Result Of The Od |
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Astral Foods - Implementation and result of the odd-lot offer
ASTRTAL FOODS LTD
(Incorporated in the Republic of South Africa)
(Registration number 1978/003194/06)
JSE Share code ARL ISIN ZAE000029757
("Astral Foods")
Implementation and result of the odd-lot offer
1. Implementation of the odd-lot offer
Shareholders are advised that the odd-lot offer to shareholders, who
held fewer than 100 shares in Astral Foods ("odd-lot holders") at the
close of business on Thursday, 8 August 2002 ("odd-lot holdings"), has
been duly implemented.
2. Result of the odd-lot offer
The total number of shares, made available by those odd-lot holders
who elected to sell their odd-lot holdings and by those who failed to
make an election and who were therefore deemed to have sold their odd-
lot holdings, are 93 301 shares which have been repurchased by Astral
Foods, in terms of a specific authority granted at the general meeting
held on Wednesday, 24 July 2002, at R14,06 per share (being the offer
price of R13,39 per share inclusive of a 5% premium) for a total
consideration of R1 311 812. These shares will be cancelled, delisted
and restored to the status of authorised share capital.
The total number of shares purchased by those odd-lot holders who
elected to purchase sufficient additional shares to increase their odd-
lot holdings to holdings of 100 shares are 36 081 shares which have been
issued by Astral Foods for a cash consideration of R483 125, in terms of
a general authority granted at the general meeting held on Wednesday, 24
July 2002, at R13,39 per share. The listing of these shares has been
approved by the JSE Securities Exchange South Africa.
3. Odd-lot holders who hold certificated shares
In respect of those odd-lot holders who hold certificated shares and
who elected to purchase additional shares, new share certificates (if
requested) will be posted by registered post against surrender of
existing documents of title, on Monday, 12 August 2002. Cheques and
electronic transfers in respect of the sale of odd-lot holdings will be
posted effected on Monday, 12 August 2002 against surrender of their
relevant documents of title.
All odd-lot holders who elected to sell their odd-lot holdings or who
failed to make an election and who were therefore deemed to have sold
their odd-lot holdings and who have not submitted their relevant
documents of title to Computershare Investor Services Limited,
11 Diagonal Street, Johannesburg, 2001 (PO Box 1053, Johannesburg,
2000), are reminded to do so in order for their payments, in respect of
their sold odd-lot holdings, to be released or effected. These odd-lot
holders are also reminded that their documents of title will no longer
be good for trading after Thursday, 8 August 2002.
4. Odd-lot holders who hold dematerialised shares
Any movement in the number of shares held and amounts
payable/receivable by an odd-lot holder who has dematerialised his/her
shares, as a result of the implementation of the odd-lot offer, will be
automatically updated and debited/credited in the odd-lot holder`s
account with the Central Securities Depository Participant or broker
selected by that odd-lot holder on Monday, 12 August 2002.
Pretoria
8 August 2002
Financial adviser and sponsor
ING INVESTMENT BANKING
Corporate law advisers and consultants
EDWARD NATHAN & FRIEDLAND
CORPORATE LAW ADVISERS & CONSULTANTS
(Registration number 1999/026464/07)
Date: 08/08/2002 05:15:04 PM Produced by the JSE SENS Department
