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Tradek - Salient Dates Of Mandatory Offer To Minority Shareholders
Tradek Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1964/001296/06)
Share Code: TDK ISIN: ZAE000018891
("Tradek" or "the company")
SALIENT DATES OF MANDATORY OFFER TO MINORITY SHAREHOLDERS
Introduction
Shareholders are referred to the detailed announcement by Tradek published on
the Securities Exchange News Service ("SENS") on Thursday, 21 November 2002 and
in the press on Friday, 22 November 2002.
Shareholders were advised that Northpark Trading 47 (Proprietary) Limited
("Northpark"), a consortium led by Peter Gray, a non-executive director of the
company, acquired a controlling stake in Tradek ("the acquisition"). The
acquisition is unconditional and is classified as an affected transaction in
terms of the requirements of the Securities Regulation Panel Code on mergers and
acquisitions. As a consequence, effective control of Tradek has passed to
Northpark, and Northpark is obliged to extend an offer to all the minority
shareholders to acquire their Tradek shares at the offer price of 12 cents per
share ("the offer").
Salient Dates of the Offer
2002
Offer opens at 09h00 on Friday, 13 December
2003
Last date to trade to take up offer Friday, 3 January
Date from which shares trade ex rights
to participate in the offer Monday, 6 January
Offer closes at 16h00 on Friday, 10 January
Record Date Friday, 10 January
Results of offer published on SENS on
Monday, 13 January 2003 and in the press on Tuesday, 14 January
The offer price payable to Tradek shareholders who accept the offer will be:
posted, or directly deposited into shareholders` accounts (in respect of
certificated shareholders); or
credited to shareholders` accounts by their duly appointed CSDP or broker (in
respect of dematerialised shareholders)
at the risk of such shareholders within seven days of receipt of:
the correct documentation by the transfer secretaries, as detailed in the
circular to be posted to shareholders (in respect of certificated shareholders);
or receipt of notification of acceptance by the transfer secretaries from STRATE
who in turn was notified by the shareholders` duly appointed Central Securities
Depository Participant ("CSDP") or broker (in respect of dematerialised
shareholders).
Dematerialised shareholders should notify their CSDP or broker of their
acceptance of the offer, in the manner and time stipulated in the agreement
governing the relationship between the shareholder and CSDP or broker.
No share certificates may be dematerialised or rematerialised between Monday, 6
January 2003 and Friday, 10 January 2003, both days inclusive.
A circular setting out full details of the offer to minority shareholders is
being posted to shareholders today.
Johannesburg
13 December 2002
Transactional Sponsor
and Independent Advisor
SASFIN BANK LIMITED
Joint Sponsor
EXCHANGE SPONSORS
Date: 13/12/2002 08:50:00 AM Produced by the JSE SENS Department
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