| Tue 27 Aug 2002, 0:00 | | Real Africa Investments Limited - Results Of Gener |
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Real Africa Investments Limited - Results of General Meeting
REAL AFRICA INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1994/000398/06)
Share code: RAI
ISINn code: ZAE000008710
("RAI")
RESULTS OF GENERAL MEETING REGARDING THE
DISTRIBUTION OF RAI`S ASSETS, VOLUNTARY WINDING-UP AND TERMINATION OF LISTING
("THE TRANSACTION")
Shareholders are advised that, at the general meeting of RAI shareholders held
at 10:00 on Monday, 26 August 2002, all special and ordinary resolutions as set
out in the circular to RAI shareholders, dated 2 August 2002 were approved by
the requisite majority of shareholders present and voting in person or by proxy.
The special resolutions will be registered with the Registrar of Companies on or
about 28 August 2002, save for the special resolutions relating to the voluntary
winding-up of RAI, which special resolutions will be registered on or about 30
September 2002.
Shareholders are reminded of the following salient dates and times relating to
the transaction:
2002
Last day to trade Friday,6 September
RAI shares suspended from trading on Monday,9 September
the JSE Securities Exchange South
Africa ("JSE") at commencement of trade
RAI shareholders entitled to trade in Monday,9 September
Real Africa Holdings Limited ("RAH")
shares
Record date (shareholders must be Friday,13 September
recorded in the shareholders register
by the close of business (16:00) on
this date, or such other date as may be
determined by the board and notified on
the Securities Exchange News Service,
in order to participate in the
distributions)
Effective date of the RAI distributions Monday,16 September
Posting of RAH share certificates or Monday,16 September
issuing of statements and crediting the
safe custody accounts at the Central
Securities Depository Participant or
stockbroker, as appropriate, for the
RAH shares
Cheques posted or accounts credited as Monday,16 September
appropriate, in respect of the cash
distribution.
Listing of RAI shares on the JSE Tuesday,17 September
terminates at commencement of trade
As regards the RAI shareholders in the Monday,23 September
United States of America ("USA"),
Canada, Australia or Japan that are not
entitled to receive the RAH shares,
cheques will be posted or accounts will
be credited on this date in respect of
the proceeds (cash net of costs) from
the sale of the RAH shares
Notes:
1. RAI shareholders who have not dematerialised their shares will not be
allowed to dematerialise their shares after Friday, 6 September 2002. RAI
certificated shareholders who are entitled to the RAH shares will receive their
RAH shares in certificated form and are not required to surrender their RAI
certificated shares.
2. The above dates and times are subject to change. Any changes will be
announced on SENS. RAI shareholders, other than those in the USA, Canada,
Australia or Japan, will be entitled to trade those RAH shares, which they will
receive upon implementation of the RAH distribution, from Monday,
9 September 2002.
Houghton
27 August 2002
Merchant Bank and Sponsor
Standard Corporate and Merchant Bank
(A division of the Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Corporate Law Advisers and Consultants
Edward Nathan & Friedland (Pty) Ltd
(Registration number 1999/026464/07)
Date: 27/08/2002 10:38:11 AM Produced by the JSE SENS Department
