| Tue 21 Jan 2003, 9:01 | | HomeChoice Holdings Limited - Unconditional Offer |
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HomeChoice Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/005430/06)
Share code: HCH ISIN: ZAE000011409
("the Company")
ANNOUNCEMENT REGARDING THE OFFER AND DELISTING BECOMING UNCONDITIONAL
1. INTRODUCTION
Further to the announcements dated 14 November 2002 and 30 December 2002, the
circular sent to shareholders dated 30 December 2002 and the results
announcement dated 15 January 2003, shareholders are advised that the voluntary
termination of the listing of the Company`s shares on the JSE Securities
Exchange South Africa ("JSE") (the "Delisting") and the offer by Garfam Nominees
(Proprietary) Limited to shareholders to purchase their shares for a cash amount
of 18 cents per share on the terms and conditions set out in the circular to
shareholders dated 30 December 2002 (the "Offer"), became unconditional on 20
January 2003.
2. SALIENT DATES AND TIMES
2003
Subject to valid acceptance of the Offer, Offer consideration
will be paid/posted to accepting shareholders, at their risk
(See note 2) on or before Monday, 27 January
Last day to trade to take up Offer (if Offer is extended,
the last day to trade will be five trading days before the
Offer closing date) Friday, 14 February
Listing of the shares on the JSE suspended at the
commencement of trade on Monday, 17 February
Offer closing date and Offer record date at 16:00 on Friday, 21 February
Results of the Offer and notice in terms of S440K,
if applicable, published:
on SENS; and Monday, 24 February
in the press on Tuesday, 25 February
Listing of the shares on the JSE terminate at the
commencement of trade on (see note 3) Tuesday, 25 February
If section 440K becomes applicable, a further
announcement will be made setting out the applicable
salient dates.
Notes:
1. The above dates and times are subject to amendment. Any such amendments will
be published in the press and announced on SENS.
2. Payment to shareholders accepting the Offer will be made/posted by the date
indicated, provided that payment shall only be made within five business days
after valid acceptance of the Offer has been received by the transfer
secretaries.
3. Share certificates may not be dematerialised after Friday, 14 February 2003,
subject to any amendment announced on SENS and/or in the press.
3. ACCEPTANCE
3.1 If you hold certificated shares in the Company and you wish to accept the
Offer, you must, at your risk, return a duly completed form of acceptance,
surrender and transfer together with your existing documents of title, to the
transfer secretaries, which form, in order to constitute valid acceptance, must
be received by no later than 16:00 on Friday, 21 February 2003, subject to any
amendment that may be announced on SENS and published in the press.
3.2 Holders/owners of dematerialised shares are required to instruct their duly
appointed Central Securities Depository Participant ("CSDP") or broker, as the
case may be, if they wish to accept the Offer. Such instructions must be given
in the manner and time stipulated in the agreement governing the relationship
between the shareholder/owner and the CSDP or broker, as the case may be.
3.3 A further form of acceptance, surrender and transfer will be included in a
surrender circular to be posted to shareholders in due course.
3.4 Shareholders are referred to the terms of the Offer set out in the circular
dated 30 December 2002, copies of which were sent to shareholders and are
available for inspection at the Company`s registered office during normal
business hours.
By order of the Board
CAPE TOWN
21 January 2003
Corporate adviser
HJS Advisory Services (Pty) Ltd
(Registration no 2002/012957)
Auditors and reporting accountants
Ernst & Young
Chartered Accountants (SA)
(Registered Accountant and Auditors)
Legal adviser to the Company
Sonnenberg Hoffmann Galombik
Sponsor
Wipcapital (Proprietary) Limited
(Registration number 1997/021195/07)
Independent advisers
RSM RSDM Associates (Cape Town)
Moores Rowland
Chartered Accountants (SA)
Date: 21/01/2003 08:47:00 AM Produced by the JSE SENS Department
