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Molope - COURT SANCTION OF SCHEME
MOLOPE GROUP LIMITED
(In Liquidation)
(Incorporated in the Republic of South Africa)
(Registration number 1995/000511/06)
(Ordinary share code: MOL ISIN: ZAE000013975)
(N ordinary share code: MON ISIN ZAE000013983)
("Molope")
COURT SANCTION OF SCHEME
Implementation of the liquidation and delisting of Molope by way of a scheme of
arrangement in terms of section 311 of the Companies Act, 1973 (Act 61 of 1973),
as amended ("the Companies Act"), proposed by Molope between Molope and Molope
creditors, Molope ordinary shareholders and Molope N ordinary shareholders
(collectively, "Molope shareholders") ("the scheme")
1. COURT SANCTION
PSG Capital Limited is authorised to announce that the scheme was sanctioned by
the High Court of South Africa (Transvaal Provincial Division) on Tuesday, 12
November 2002, and the Order of Court sanctioning the scheme is being registered
by the Registrar of Companies.
2. REMINDER OF REMAINING SALIENT DATES
The remaining salient dates to the implementation of the scheme are set out
below:
2002
Record date for participation in Friday, 15 November
the scheme
Operative date of the scheme Friday, 20 December
Scheme consideration cheques
posted to scheme participants or
deposited directly into scheme
participants` bank accounts (if
claim forms and forms of
acceptance in respect of scheme Friday, 20 December
participants are received on or
prior to the record date) or,
failing that, will be posted
within five business days of
receipt thereof by the receiver
and the transfer secretaries, on
or about
Listing of Molope shares on the
JSE Securities Exchange South
Africa terminated with effect Monday, 23 December
from the commencement of trading
on
3. A further announcement advising Molope shareholders of the exact
distribution will be published in due course.
Johannesburg
12 November 2002
Corporate Attorneys to the Corporate law
adviser and scheme advisers
transactional
sponsor
PSG Capital KNOWLES HUSAIN Connie Myburgh (Pty)
Limited ATTORNEYS INC Limited
(Registration (Registration Registration number
no. no.2000/000004/21) 2002/001957/07
2002/017362/06
)
Date: 12/11/2002 03:55:09 PM Produced by the JSE SENS Department
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