Daewoo - Reminder of Salient Dates and Scheme unco
Daewoo - Reminder of Salient Dates and Scheme unconditional
Daewoo Electronics S.A. Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/004570/06)
Share code: DAE ISIN: ZAE000009437
("Daewoo" or "the company")
Announcement regarding:
- Scheme unconditional; and
- Reminder of salient dates
1. Scheme unconditional
Shareholders are advised that the scheme of arrangement in terms of section 311
of the Companies Act, 1973 (Act 61 of 1973), as amended, proposed by Daewoo
between Daewoo and certain of its shareholders ("the scheme") was sanctioned by
the High Court of South Africa (Witwatersrand Local Division) on Tuesday, 29
October 2002, and the Order of Court sanctioning the scheme has been registered
by the Registrar of Companies.
2. Salient dates and times
The remaining salient dates for the implementation of the scheme are set
out below:
2002
Last day to trade in order to Friday, 1 November
participate in the scheme
Suspension of listing of Daewoo
shares on the JSE from the Monday, 4 November
commencement of business
Record date to participate in the Friday, 8 November
scheme
Operative date of the scheme Monday, 11 November
Consideration cheques posted to
certificated scheme participants or Monday, 11 November
deposited directly into scheme
participant`s bank account or
dematerialised shareholders will
have their accounts credited at CSDP
or broker
Termination of listing of Daewoo on
the JSE with effect from the Tuesday, 12 November
commencement of business
Notes:
Share certificates may not be dematerialised or rematerialised after Friday, 1
November 2002.
Johannesburg
30 October 2002
Corporate Advisor Sponsor
Corporate Solutions- -Exchange Sponsors-
Legal Advisor
Fluxmans-
Date: 30/10/2002 04:03:56 PM Produced by the JSE SENS Department
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