| Tue 10 Dec 2002, 17:36 | | Excellerate - RESULTS OF GENERAL MEETING AND CONFI |
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Excellerate - RESULTS OF GENERAL MEETING AND CONFIRMATION OF SALIENT DATES
Excellerate Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/009884/06)
Share code: EXL ISIN: ZAE000026092
("Excellerate")
RESULTS OF GENERAL MEETING AND CONFIRMATION OF SALIENT DATES
Further to the circular to Excellerate shareholders regarding the creation of
unsecured, compulsorily convertible debentures ("convertible debentures") dated
25 November 2002 ("the circular"), Nedcor Investment Bank is authorised to
announce that at the general meeting of Excellerate shareholders on
Tuesday, 10 December 2002:
- Excellerate shareholders unanimously passed the ordinary resolution approving
the creation of 47 272 727 convertible debentures of a nominal value of R0,55
each, to be issued at R0,55 each on the terms and conditions contained in the
circular; and
- Excellerate shareholders, excluding the investing parties (as defined in the
circular), unanimously passed the ordinary resolution approving the waiver of a
mandatory offer to all the shareholders of Excellerate other than the investing
parties, in terms of the requirements of the Securities Regulation Code on
Takeovers and Mergers.
Accordingly, the salient dates of the claw-back offer as defined in the circular
are as follows:
2002
Subscription by the underwriters for the
convertible debentures and payment of Tuesday, 10 December
R26 million to Excellerate by the
underwriters
Last date to trade in shares on the JSE
in order to settle by the record date, Wednesday, 18 December
and thus be recorded as a shareholder in
order to be entitled to participate in
the claw-back offer
Shares trade ex claw-back offer Thursday, 19 December
entitlement on the JSE
Listing and trading on the JSE of
letters of allocation from the Thursday, 19 December
commencement of trade(1)
Record date in order to be entitled as a
shareholder to participate in the claw- Friday, 27 December
back offer
Claw-back offer opens at 09:00 and the
circular including form of instruction, Monday, 30 December
where applicable, to be mailed to
shareholders
2003
Last date to trade in the letters of
allocation on the JSE in order to settle Friday, 10 January
by Friday, 17 January 2003
Listing and trading on the JSE of
convertible debentures from the Monday, 13 January
commencement of trading
Claw-back offer closes and payment and
forms of instruction to be received by Friday, 17 January
the transfer secretaries by no later
than 14:30(2)
Record date for letters of allocation Friday, 17 January
Announcement giving results of the claw- Monday, 20 January
back offer released on SENS
Expected date from which convertible
debenture certificates are mailed in
respect of certificated shareholders or Monday, 20 January
credited directly to the relevant CSDP
or broker in respect of dematerialised
shareholders
Announcement giving results of the claw- Tuesday, 21 January
back offer published in the press on
Notes:
1. Dematerialised shareholders are required to notify their duly appointed
CSDP or broker of their acceptance of the claw-back offer in the manner and time
stipulated in the agreement governing the relationship between the shareholders
and his/her CSDP or broker.
2. No shares may be dematerialised or rematerialised from the start of trade
on Thursday, 19 December 2002 to the end of trade on Friday, 20 December 2002.
Johannesburg
10 December 2002
Investment Corporate law Auditors and Joint
bank advisers and reporting underwriter
and sponsor consultants accountants
Nedcor Edward Nathan KPMG Inc. BoE Corporate
Investment & Friedland
Bank
Date: 10/12/2002 05:17:08 PM Produced by the JSE SENS Department
