Tradehold - Oddlot Offer Price
TRADEHOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
Share code: TDH
ISIN code: ZAE000026902
("Tradehold" or "the company")
ODDLOT OFFER PRICE
Shareholders are referred to the announcement dated 1 November 2002 and the
circular dated 4 November 2002, which contained details of the proposed oddlot
offer.
Shareholders are advised that, for practical reasons, the pricing of the oddlot
offer will now be based on the weighted average traded price of Tradehold shares
on the JSE Securities Exchange South Africa ("the JSE") over the two trading
days ended Wednesday, 20 November 2002 and not, as previously advised, on the
five trading days ended on that date.
Accordingly, shareholders are advised that the oddlot offer will be implemented
on the basis that shareholders who hold in aggregate less than 400 shares
("oddlot shares") at the close of business on Friday, 13 December 2002 ("the
record date"), are offered the opportunity to elect to:
sell their oddlot shares at R3.13 per share, being the weighted average traded
price of Tradehold shares on the JSE over the 2 trading days ended Wednesday, 20
November 2002 of R2,98, plus a premium of 5% ("the cash alternative price"); or
purchase a sufficient number of additional shares at R2,98 per share, being the
weighted average traded price of Tradehold shares on the JSE over the 2 trading
days ended Wednesday, 20 November 2002 in order to increase their holdings to
400 shares; or
retain their oddlot shares.
Compulsory sale of oddlot shares
The shares of oddlot holders who hold less than 200 shares on the record date
who do not make an election will be sold, on their behalf, at the cash
alternative price.
Oddlot holders who hold 200 or more shares, but less than 400 shares on the
record date who do not make an election will retain their holdings.
Cape Town
21 November 2002
Corporate adviser and sponsor
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Date: 21/11/2002 05:11:00 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
