| Tue 8 Oct 2002, 17:28 | | Tiger Brands Limited - Results Of General Meeting |
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Tiger Brands Limited - Results of general meeting
Tiger Brands Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
(Share code: TBS ISIN: ZAE000023560)
(Share code: TBSP ISIN: ZAE000023578)
("Tiger Brands")
Results of the general meeting and finalisation of the odd-lot offer
1. Results of the general meeting
Ordinary shareholders are advised that at the general meeting held on
Tuesday, 8 October 2002, the ordinary and special resolutions required to
give effect to the odd-lot offer, which was detailed in the circular dated
2 September 2002, were duly passed by the requisite majority of ordinary
shareholders. The special resolutions will be lodged with the Registrar of
Companies for registration.
2. Record date
The election period for the odd-lot offer opened on Monday, 2 September
2002 and will close at 16:30 on Friday, 25 October 2002. Ordinary
shareholders who are recorded in the register at the close of business on
Friday, 25 October 2002 and who hold fewer than 100 ordinary shares ("odd-
lot holdings") are entitled to participate in the odd-lot offer ("odd-lot
holders").
3. Last day to trade
Odd-lot holders are advised that the last day to trade in order to
participate in the odd-lot offer will be Friday, 18 October 2002. Any odd-
lot holder who sells a portion of his or her ordinary shares or acquires
additional ordinary shares and whose shareholding remains below 100
ordinary shares, after Friday, 18 October 2002, will still be treated as an
odd-lot holder for purposes of the odd-lot offer. If an odd-lot holder
acquires additional ordinary shares after Friday, 18 October 2002, and the
odd-lot holder`s shareholding exceeds 100 ordinary shares as a result of
such acquisition, then the said odd-lot holder will become ineligible to
participate in the odd-lot offer.
4. Surrender of existing documents of title by odd-lot holders of certificated
ordinary shares
4.1 All odd-lot holders, other than those who elect to retain their odd-lot
holdings, who hold certificated ordinary shares and who have not already
done so, are required to surrender their documents of title in respect of
all their ordinary shares as soon as possible to the South African transfer
secretaries, Computershare Investor Services Limited, Ground Floor, 70
Marshall Street, Johannesburg, 2001 (PO Box 1053, Johannesburg, 2000) or
the United Kingdom transfer secretaries, Computershare Investor Services
plc, PO Box 82, The Pavilions, Bridgewater Road, Bristol, BS99 7NH.
4.2 New share certificates (if requested) and share statements (in respect of
those odd-lot holders who have elected to dematerialise their ordinary
shares) will be posted, to those odd-lot holders who have elected to
increase their odd-lot holdings in Tiger Brands, by registered post or
first class mail (United Kingdom), at the risk of such odd-lot holders, on
Monday, 28 October 2002, if their documents of title have been surrendered
by 16:30 on Friday, 25 October 2002, or within five business days after
surrender of their documents of title, whichever is the later.
5. Odd-lot holders who hold dematerialised ordinary shares
5.1 Odd-lot holders who have dematerialised their odd-lot holdings do not hold
share certificates and consequently there is no surrender procedure
applicable to them.
5.2 Any movement as a result of the implementation of the odd-lot offer in the
number of ordinary shares held by odd-lot holders who have dematerialised
their odd-lot holdings will automatically be recorded in the relevant odd-
lot holder`s account with the Central Securities Depository Participant or
broker selected by that odd-lot holder.
6. Proceeds from the sale of odd-lot holdings
Cheques or electronic transfers in respect of the sale of odd-lot holdings
will be posted to the relevant odd-lot holders or effected on Monday, 28
October 2002, by first class mail (United Kingdom) or electronic banking,
at the risk of such odd-lot holders, and in respect of odd-lot holders who
hold certificated ordinary shares, against surrender by those odd-lot
holders of their relevant documents of title.
7. General
Odd-lot holders are reminded that failure to make an election in terms of
the odd-lot offer will be deemed to have sold their odd-lot holdings to
Tiger Brands.
A further announcement, detailing the result of the odd-lot offer, will be
published over SENS and in the South African press on Monday, 28 October 2002.
Sandton
8 October 2002
Financial adviser and transaction sponsor
ING INVESTMENT BANKING
Corporate law advisers and consultants
EDWARD NATHAN & FRIEDLAND (PTY) LTD
(Registration number 1999/026464/07)
www.enf.co.za
Joint sponsor
CAZENOVE
Date: 08/10/2002 03:08:00 PM Produced by the JSE SENS Department
