Seardel - Exercise Of Option
SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number. 1968/011249/06)
Share code: SER ISIN: ZAE 000029815
Share code: SRN ISIN: ZAE 000030144
("Seardel")
EXERCISE OF OPTION
1. Shareholders are referred to the announcements dated 4 July 2001 and 5
October 2001 relating to the granting of an option by Seardel to a consortium to
acquire 26 783 571 "N" ordinary shares ("the option shares") in Seardel at a
price of 197 cents (being the weighted average trading price of the Seardel "N"
shares for the 10 days prior to 4 October 2001).
2. Corpcapital Corporate Finance is authorised to announce that the
consortium has exercised the option with effect from 3 January 2003. The option
shares will be issued on 3 January 2003 against payment of the aggregate
subscription price of R52 763 634.87.
13 December 2002
Sponsor
Corpcapital Corporate Finance
a sponsor registered with the
JSE Securities Exchange South Africa
Date: 13/12/2002 05:16:00 PM Produced by the JSE SENS Department
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