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Tradehold Limited - Results Of General Meeting And Finalisation Information
Relating To The Oddlot Offer
TRADEHOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
Share code: TDH
ISIN code: ZAE000026902
("Tradehold" or "the company")
RESULTS OF GENERAL MEETING AND FINALISATION INFORMATION RELATING TO THE ODDLOT
OFFER
1. Introduction
Shareholders are referred to the announcement dated 1 November 2002 and the
circular to shareholders dated 4 November 2002, which contained details of
the proposed oddlot offer ("the oddlot offer") to all shareholders holding
less than 400 shares ("oddlot holders") in Tradehold at the close of
business on Friday, 13 December 2002 ("the record date").
2. Results of general meeting
The special and ordinary resolutions required to give effect to the oddlot
offer were passed by the requisite majority of shareholders at the general
meeting held on Wednesday, 27 November 2002. The special resolution will
be lodged with the Registrar of Companies for registration.
3. Mechanism and pricing of the oddlot offer
Shareholders are advised that, for practical reasons, the pricing of the
oddlot offer is 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 Wednesday, 20 November 2002.
Accordingly, the oddlot offer will be implemented on the basis that oddlot
holders may, up to 16h00 on the record date, 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.
4. Salient dates
The salient dates relative to the oddlot offer are set out below:
2002
Last day to trade in order to Friday, 6 December
participate in the oddlot offer on
Shares trade ex oddlot offer, from the Monday, 9 December
commencement of business on
Election period for the oddlot offer Friday, 13 December
closes at 16h00 on
Forms of election for oddlot offer to Friday, 13 December
be received by the transfer secretaries
by 16h00 on (see note 4 below)
Record date to determine those Friday, 13 December
shareholders entitled to participate in
the oddlot offer on
Implementation of the oddlot offer Friday, 13 December
takes effect after the close of
business on
New share certificates or cheques in Tuesday, 17 December
respect of certificated shareholders
posted against surrender of existing
documents of title (where appropriate)
from
Central Securities Depository Tuesday, 17 December
Participant ("CSDP") / Broker accounts
of dematerialised shareholders debited
/ credited with any amounts due /
payable and the shares reflected in
those accounts adjusted accordingly on
Notes:
1. All times shown are South African local times.
2. The above dates and times are subject to amendment. Any amendment will be
published in the press and via SENS.
3. No share certificates may be dematerialised or rematerialised between
Monday, 9 December 2002 and Friday, 13 December 2002, both days inclusive.
4. Dematerialised shareholders are required to notify their duly appointed
CSDP or broker of their acceptance or otherwise of the oddlot offer in the
manner and time stipulated in the agreement governing the relationship
between the shareholder and his CSDP or broker.
Cape Town
28 November 2002
Corporate adviser and sponsor
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Date: 28/11/2002 07:05:00 AM Produced by the JSE SENS Department
