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Hl&H - Remaining Condition Precedent And Reminder Of Remaining Salient Dates
HUNT LEUCHARS & HEPBURN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1924/001164/06)
(Ordinary share code: HLH ISIN: ZAE000003299)
(Preference share code: HLHP ISIN: ZAE000011441)
("HL&H")
REMAINING CONDITION PRECEDENT AND REMINDER OF REMAINING SALIENT DATES
1. CONDITION PRECEDENT
PSG Investment Bank Limited is authorised to announce that the schemes of
arrangement proposed by Industrial Partnership Investments Limited ("IPI")
between HL&H and HL&H`s ordinary and preference shareholders (other than IPI)
and between HL&H, the trustees of the Hunt Leuchars & Hepburn Holdings Trust and
share option holders ("the schemes") were sanctioned by the High Court of South
Africa (Transvaal Provincial Division) on Tuesday, 22 October 2002 and the
Orders of Court sanctioning the schemes are expected to be registered by the
Registrar of Companies on Thursday, 24 October 2002.
2. REMINDER OF REMAINING SALIENT DATES
The remaining salient dates to the implementation of the schemes are set out
below.
2002
Last day to trade scheme shares in
order to receive the scheme Friday, 25 October
consideration
Listing of HL&H shares on the JSE
Securities Exchange South Africa
("JSE") suspended with effect from the Monday, 28 October
commencement of trade
Record date for participation in the Friday, 1 November
scheme consideration
Operative date of the schemes Monday, 4 November
The ordinary and preference scheme
considerations will, where documents
of title have been surrendered prior
to Friday, 1 November 2002, be posted
to certificated scheme participants or
the cash consideration will be
deposited directly into the scheme
participants` bank accounts, depending
on the instructions contained in the
properly completed form of surrender
and transfer (yellow or brown, as Monday, 4 November
applicable), by the transfer
secretaries, or be posted within five
business days of the subsequent
receipt after the operative date of
the form of surrender and transfer
(yellow or brown, as applicable),
together with the relevant documents
of title.
The ordinary and preference scheme
considerations will be paid into the
dematerialised scheme participants`
safe custody accounts held at their Monday, 4 November
Central Securities Depository
Participants or institutional
depositories or brokers
The share option scheme consideration
will be deposited directly into the
share option scheme participants` bank Monday, 4 November
accounts, on or about
Listing of HL&H shares on the JSE
terminated with effect from the Tuesday, 5 November
commencement of trade
Notes:
These dates are subject to change. Any change will be published in the press.
No dematerialisation or rematerialisation of HL&H shares will be allowed after
the close of business on Friday, 25 October 2002.
Johannesburg
22 October 2002
Investment bank and Sponsor Merchant bank to HL&H
transactional sponsor
(Incorporated in the ENF Sponsors STANDARD CORPORATE AND
Republic of South (Proprietary) Limited MERCHANT BANK
Africa) (Registration number (A division of The
(Registration number 2000/027636/06) Standard Bank of South
1998/017358/06) Africa Limited)
(Registration number
1962/000738/06)
Corporate law advisers and Attorneys to the schemes
consultants
EDWARD NATHAN & FRIEDLAND KNOWLES HUSAIN INC
Edward Nathan & Friedland ATTORNEYS
(Proprietary) Limited (Registration number
(Registration number 2000/000004/21)
1999/026464/07)
Date: 22/10/2002 05:16:00 PM Produced by the JSE SENS Department
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