| Fri 29 Nov 2002, 13:47 | | Crux Technology Limited |
|
Crux Technology Limited Time Quantum Consulting (Gauteng
(Proprietary) Limited (Gauteng) (Proprietary) Limited
(Incorporated in the Republic of (Incorporated in the Republic of
South Africa) South Africa)
(Registration number 1998/012784/06) (Registration number 2002/007155/07)
(Share code: CRX ISIN: ZAE000015855) ("Time Quantum (Gauteng)")
("Crux")
OFFER BY TIME QUANTUM (GAUTENG) TO SHAREHOLDERS OF CRUX
AND
THE PROPOSED VOLUNTARY DELISTING OF THE SHARES OF CRUX FROM THE JSE SECURITIES
EXCHANGE SOUTH AFRICA (JSE")
Further to the announcement of 31 October 2002, shareholders are advised that
all conditions precedent to the making of an irrevocable cash offer by Time
Quantum (Gauteng) to the shareholders of Crux ("the offer") to acquire their
shares in Crux on the basis indicated in the announcement of 31 October 2002,
have been fulfilled.
Accordingly, a circular containing full details of the offer as well as
convening a general meeting of shareholders ("general meeting") to consider a
proposal for the voluntary delisting of the shares of Crux from the JSE
("proposed delisting"), has today been posted to all shareholders.
The dates pertinent to the offer and the proposed delisting are as follows:
2002
Offer opens at 09:00 on Friday, 29
November
Last date to trade in the shares of Crux on the JSE in
order to be entitled to participate in the offer, on Thursday, 12
December
General meeting of Crux held for purposes of Thursday, 19
considering the proposed delisting, at 10:00 on December
Offer closes (record date) at 16:00 on Friday, 20
December
Announcement published giving outcome of general
meeting, the results of the offer and confirming the
dates for the suspension and termination of the Monday, 23
listing of the shares of Crux on the JSE, on December
Offer consideration to be settled to shareholders who Monday, 23
have elected to accept the offer, on or about December
2003
Subject to shareholder approval of the proposed
delisting:
last day to trade in shares of Crux on the JSE prior Friday, 3
to suspension, on January
date on which listing of shares of Crux on the JSE
suspended, from commencement of trade on the JSE on Monday, 6
January
record date for purposes of the delisting of Crux on Friday, 10
the JSE on January
date on which listing of shares of Crux on the JSE
terminated, from commencement of trade on the JSE on Monday, 13
January
Notes
1. Any change to the above times and dates, if necessary, as approved by the
JSE and the Securities Regulation Panel, will be advised by publication.
2. Share certificates may not be dematerialsed or rematerialised between
Friday, 13 December 2002 and Friday, 20 December 2002, both days inclusive.
3. Share certificates may not be rematerialised after Friday, 3 January 2003.
Midrand
29 November 2002
Sponsor
Grant Thornton Kessel Feinstein (Proprietary) Limited
Date: 29/11/2002 11:23:03 AM Produced by the JSE SENS Department
