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Yabeng - Announcement Regarding Results of general meeting, Reminder of salient
dates and Termination of Yabeng`s listing.
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")
ANNOUNCEMENT REGARDING:
- Results of general meeting;
- Reminder of salient dates; and
- Termination of Yabeng`s listing.
1. RESULTS OF THE GENERAL MEETING
Shareholders are advised that at the general meeting of the company held at
10:00 on Tuesday, 17 September 2002, the resolution in terms of which the
listing of the company will be terminated on the JSE Securities Exchange South
Africa ("JSE"), was passed by the requisite majority of Yabeng shareholders.
2. REMINDER OF SALIENT DATES AND TIMES
The remaining salient dates and times in respect of the proposed delisting and
offer are set out below:
2002
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
Offer closes at 16:00 on (See notes 2 Friday, 4 October
and 3)
Record date for determining which
Yabeng shareholders are entitled to the
offer or to remain shareholders in the Friday, 4 October
unlisted company
Listing of Yabeng shares on the JSE
terminated at the commencement of trade Tuesday, 8 October
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.
3. TERMINATION OF YABENG`S LISTING
Yabeng`s listing on the JSE will be terminated with effect from the commencement
of trade on Tuesday, 8 October 2002.
Pretoria
17 September 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: 17/09/2002 12:06:18 PM Produced by the JSE SENS Department
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