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Yabeng - Salient dates for the proposed delisting
Yabeng Investment Holding Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/070126/06)
Share code: YBG ISIN Number: ZAE000008884
("Yabeng" or "the company")
Salient dates for the proposed delisting of Yabeng and offer to Yabeng
shareholders
1. INTRODUCTION
It was announced in the press on 24 July 2002 that the directors of
Yabeng propose the delisting of the company and that an offer will be
made to Yabeng shareholders to purchase their Yabeng shares at a price
of 30 cents per share.
2. SALIENT DATES AND TIMES
The salient dates and times in respect of the proposed delisting and
offer are set out below:
2002
Offer opens at 9:00 on (See note 2) Monday, 26 August
Last day to lodge forms of proxy for
the shareholders meeting by 10:00 on Friday, 13 September
General Meeting of Yabeng shareholders Tuesday, 17 September
to be held at 10:00 on
Results of general meeting announced on Tuesday, 17 September
SENS
Results of general meeting announced in Wednesday, 18 September
the press on
Last day to trade in Yabeng shares on Friday, 27 September
JSE
Listing of Yabeng shares on the JSE
suspended at the commencement of trade Monday, 30 September
on
Offer closes at 16:00 on (See note 2 Friday, 4 October
and 3)
Record date for determining which
Yabeng shareholders are entitled to the Friday, 4 October
offer or remain shareholders in the
unlisted company at on
Listing of Yabeng shares on the JSE
terminated at the commencement of trade Tuesday, 8 October
on
Notes:
1 The above dates are subject to amendment. Any change will be
published on SENS and in the press.
2 Certificated shareholders who wish to accept the offer before the
closing date should deliver their documents of title and completed forms
of surrender to the transfer secretaries, and cheques will be issued or
electronic payments made within seven days of receipt thereof.
Dematerialised shareholders who wish to accept the offer before the
closing date should instruct their CSDP or broker accordingly and the
relevant CSDP or broker will be credited with the amounts due to the
dematerialised shareholders within seven days of receipt of acceptance
from the relevant CSDP or broker. Notwithstanding the aforegoing,
payment shall, in either of the above mentioned circumstances, be
effected by not later than Monday, 7 October 2002. Should the offer be
extended, payments will be effected by not later than the extended
payment date.
3 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 the CSDP or broker.
4 Share certificates may not be dematerialised after Friday, 27
September 2002.
5 If a form of proxy is not received by the time and date shown
above, it may be handed to the chairperson of the general meeting no
later than 10 (ten) minutes before the commencement of the meeting.
3. CIRCULAR TO SHAREHOLDERS
A circular to Yabeng shareholders, containing detailed information
regarding the proposed delisting and offer and incorporating a notice of
general meeting will be posted to Yabeng shareholders on 23 August 2002.
Pretoria
23 August 2002
Transactional Sponsor Sponsor
Exchange Sponsors River
Corporate advisor to Offer Independent Advisor to Yabeng
Consortium shareholders
Corporate Solutions BDO Spencer Steward
Legal Advisor Reporting accountants and
auditors
Fluxmans PriceWaterhouseCoopers
Date: 23/08/2002 08:13:43 AM Produced by the JSE SENS Department
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