Chester - Result Of Repurchase Offer And Terminati
Chester - Result Of Repurchase Offer And Termination Of Listing
CHESTER INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1983/005300/06)
Share code: CES ISIN: ZAE000013348
("Chester")
RESULT OF REPURCHASE OFFER AND TERMINATION OF LISTING
1. IMPLEMENTATION OF THE REPURCHASE OFFER
PSG Capital Limited is authorised to announce that the offer by Chester to its
shareholders to repurchase all or any of their Chester shares for a cash
consideration of 85 cents per share ("the repurchase offer") has been duly
implemented.
2. RESULT OF THE REPURCHASE OFFER
Chester has repurchased, in terms of the specific authority granted at the
general meeting of shareholders held on Wednesday, 23 October 2002, 45 992 569
shares at 85 cents per share for a total consideration of R39 093 684. Chester
has further repurchased, in terms of its general authority, 4 148 278 shares at
85 cents per share for a total consideration of R3 526 036. These shares will
be cancelled and revert to unissued authorised share capital.
3. TERMINATION OF LISTING
Following on the voluntary delisting resolution passed by shareholders and
implementation of the repurchase offer, the listing of Chester on the JSE
Securities Exchange South Africa will terminate with effect from Tuesday, 12
November 2002. The business operations of Chester are not affected by the
delisting.
Johannesburg
11 November 2002
Corporate adviser and sponsor Reporting accountants and
independent adviser to Chester
shareholders
PSG Capital Limited FISHER HOFFMAN PKF (JHB) INC
(Registration number Chartered Accountants (SA)
2002/017362/06) (Registration number
1994/001166/21)
Attorneys
Fluxmans
(Registration number 2000/024775/21)
Date: 11/11/2002 03:55:02 PM Produced by the JSE SENS Department
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