|
Peregrine/Citadel - Results of general meetings
Peregrine Holdings Limited
(Registration number 1994/006026/06)
Share code: PGR ISIN code: ZAE000015152
("Peregrine")
Citadel Holdings Limited
(Registration number 2000/027580/06)
("Citadel")
Results of general meetings
Introduction
Shareholders are referred to the announcements dated 22 July 2002 and 6
September 2002 concerning:
the acquisition by Peregrine of a further 22,2% interest in Citadel
("the controlling acquisition"); and
an offer by Peregrine to Citadel minority shareholders to acquire their
Citadel shares for a consideration of either 40 Peregrine shares for
every one Citadel share held or a cash payment of R110 for every Citadel
share held ("the offer").
Results of general meeting - the offer becomes unconditional
At the general meeting held on Friday 4 October 2002, Peregrine
shareholders approved the controlling acquisition. The offer has
therefore become unconditional and will remain open until 12:00 on
Friday 25 October 2002 ("the closing date"), being a period in excess of
the minimum of the 14 days required in terms of the Rules of the
Securities Regulation Panel.
Settlement of the offer consideration
A circular containing a form of acceptance of the offer for use by
Citadel minority shareholders was posted on Friday 6 September 2002.
Citadel minority shareholders are encouraged to return the form as soon
as possible.
Cheques or share certificates in respect of acceptances of the offer
received prior to the closing date will be issued on Monday 28 October
2002 or within seven days of receipt of the form of acceptance and the
relevant documents of title to Citadel shares, whichever is the earlier
date.
Results of the offer to be announced
The results of the offer and advice on whether Peregrine is entitled to
implement section 440K of the Companies Act, Act 61 of 1973 (as amended)
will be announced on Monday 28 October 2002.
Appointment of chairman at the annual general meeting
At the annual general meeting held on Friday 4 October 2002,
shareholders approved, inter alia, the appointment of Mr L J D Fourie,
the executive chairman of Citadel, as a director and chairman of
Peregrine with immediate effect.
Johannesburg
4 October 2002
Lead Sponsor
Grant Thornton Kessel Feinstein Corporate Sponsors (Pty) Limited
Joint Sponsor and Corporate Advisor
Peregrine Corporate Advisory Services (Pty) Limited
Date: 04/10/2002 12:29:00 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
