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Connection - Final Results Announcement
Connection Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/005390/06)
Share Code: CCT
ISIN: ZAE000016630
("Connection")
Results of general meeting
1. Introduction
As announced on Friday 20 September 2002, the directors of Connection proposed
an odd lot offer, amendments to the articles of association, a pro-rata share
buyback and a consolidation of the share capital.
The odd lot offer and share buyback are to be implemented at an offer price of
40 cents, while the consolidation will be on a one for five basis.
2. Results of the general meeting
Shareholders are advised that at the general meeting held on Tuesday 15 October
2002, the special and ordinary resolutions required to give effect to the above
proposals were passed by the requisite majority of shareholders. The special
resolutions have been lodged with the Registrar of Companies for registration.
3. Salient dates
The salient dates in respect of the odd lot offer, the share buyback and the
consolidation are as follows:
2002
Share buyback opens Wednesday 16 October
Last day to trade in order to Friday 25 October
participate in the odd lot offer and
the share buyback on
Share buyback offer closes at 16:00 on Friday 1 November
Forms of election and surrender for Friday 1 November
the odd lot offer and the share
buyback to be received by 16:00 on
(see note 4)
Odd lot offer closes at 16:00 on Friday 1 November
Record date to determine those Friday 1 November
shareholders entitled to participate
in the odd lot offer and the share
buyback at the close of business on
Last day to trade in the Friday 1 November
unconsolidated Connection shares
Implementation of the odd lot offer Friday 1 November
takes effect after close of business
on
Dematerialised shareholders will have Monday 4 November
their safe custody accounts held at
their CSDP or broker updated with
their new holding and debited/credited
with the cash amount, as the case may
be, in respect of the odd lot offer
and share buyback, on
Cheques in respect of the share
buyback as well as the sale by
certificated odd lot holders of odd Monday 4 November
lot holdings posted on or about
Listing and trading in the Monday 4 November
consolidated Connection shares
commences on
Record date to determine those Friday 8 November
shareholders entitled to participate
in the consolidation, at the close of
business on
In respect of certificated Monday 11 November
shareholders, new consolidated and
balance Connection share certificates
will be posted against surrender of
existing documents of title, from
Dematerialised shareholders will have Monday 11 November
their safe custody accounts held at
their CSDP or broker updated in
respect of the consolidated Connection
shares on
Notes
1. The above dates and times are subject to change. Any changes will be
published in the South African press and on SENS.
2. All times in these salient dates are South African local times.
3. Shareholdings in the unconsolidated shares may not be dematerialised or
rematerialised after Friday 25 October 2002. Share certificates in the
consolidated number of shares can only be dematerialised / rematerialised from
Monday 11 November 2002. Share certificates reflecting the unconsolidated number
of shares are required to be surrendered prior to dematerialisation.
4. Dematerialised shareholders are required to inform 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 his/her
CSDP or broker.
6 Mellis Road
Rivonia
15 October 2002
[RMB Corporate Finance]
Merchant bank and sponsor
Date: 15/10/2002 02:35:00 PM Produced by the JSE SENS Department
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