Investment Solutions/Alexander Forbes - Results Of
Investment Solutions/Alexander Forbes - Results Of The Scheme Meeting
Investment Solutions Holdings Limited Alexander Forbes Limited
(Incorporated in the Republic of South (Incorporated in the Republic of South
Africa) Africa)
(Registration number 1997/022540/06) (Registration number 1958/001974/06)
Share Code: SLU Share Code: AFB
ISIN Code: ZAE000019279 ISIN Code: ZAE000018230
("Investment Solutions") ("Alexander Forbes")
RESULTS OF THE SCHEME MEETING
Further to the announcement dated 8 November 2002, Investec Bank Limited is
authorised to announce that the scheme of arrangement ("the scheme") proposed by
Alexander Forbes between Investment Solutions and its shareholders other than
Alexander Forbes Africa Holdings (Proprietary) Limited and offerees under the
offer to participants in the share purchase and option schemes governed by the
Investment Solutions Share Trust and the Investment Solutions Holdings Share
Option Offer Scheme, has been unanimously approved by the scheme members present
or represented at the scheme meeting held on Monday, 25 November 2002.
Application will be made to the High Court of South Africa (Transvaal Provincial
Division) ("the Court") to sanction the scheme on Tuesday, 3 December 2002 at
10h00 or as soon thereafter as Counsel may be heard. If the scheme is sanctioned
by the Court, the only remaining condition precedent to which the scheme will be
subject, will be the registration of the Order of Court sanctioning the scheme
by the Registrar of Companies.
A further announcement regarding the outcome of the application to the Court and
details of the surrender procedure required for existing Investment Solutions
documents of title, will be published on or about, Wednesday, 4 December 2002.
Sandton
25 November 2002
Merchant bank Corporate Sponsor
law
advisors
and
consultants
[Investec Corporate [ENF ] [Investec Securities
Finance ] Limited ]
Independent advisor Attorneys to the scheme
[KPMG ] [Knowles Hussain ]
Date: 25/11/2002 12:10:40 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
