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Messina - Salient dates of rights offer
Messina Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/035912/06)
Share Code: MES
ISIN: ZAE000004438
("Messina" or "the company")
Salient dates of rights offer
1. The proposed rights offer
The board of directors of Messina has resolved to raise R155 million by
way of a rights offer of ordinary shares in Messina ("Messina shares"),
at a price of R60 per Messina share ("the rights offer"). The rights
offer is conditional upon:
(i) the JSE Securities Exchange South Africa ("JSE") approving the
necessary documents and granting the required listing of the rights and
new Messina shares; and
(ii) the Registrar of Companies registering the rights offer documents.
The proceeds of the rights offer will be used to reduce Messina`s debt
as well as to provide additional funding for the Messina Project.
2. Salient dates
The salient dates in respect of the rights offer are reflected in the
table below. Any changes to these dates will be published on SENS and in
the press.
2002
Last day to trade in Messina shares in order
to participate in the rights offer Friday 4 October
Rights listed on the JSE Monday 7 October
Messina shares commence trading ex rights Monday 7 October
Record date for participation in the rights offer Friday 11 October
Rights offer opens at 09:00 on Monday 14 October
Rights offer circular posted to shareholders Monday 14 October
Last day to trade rights on the JSE Friday 25 October
New Messina shares listed and trading
therein on the JSE commences Monday 28 October
Rights offer closes at 14:30 on Friday 1 November
Results of rights offer announced Monday 4 November
New Messina shares issued Monday 4 November
Dematerialised shareholder`s safe custody
accounts credited by CSDP or broker; and
Certificates posted to
certificated shareholders Monday 4 November
Notes:
1. Dematerialised shareholders are required to inform their CSDP or
broker as to their instructions in terms of the rights offer in the
manner and time stipulated in the agreement governing the relationship
between the shareholder and their CSDP or broker.
2. Share certificates may not be dematerialised or rematerialised
between Monday 7 October and Friday 11 October 2002, both days
inclusive.
3. Further announcement
A further announcement setting out the terms of the rights offer will be
published on or about Friday 27 September 2002.
Rosebank
19 September 2002
Merchant Bank
RMB Resources
A division of FirstRand Bank Limited
Sponsor
Rand Merchant Bank
A division of FirstRand Bank Limited
Corporate Finance
Date: 20/09/2002 07:05:01 AM Produced by the JSE SENS Department
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