| Fri 24 Jan 2003, 16:54 | | LNM Holdings N.V. - Revised salient dates of the c |
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(the "offer") to acquire up to 12.19 per cent of the issued share capital
LNM Holdings N.V.
Member of the LNM Group
(Registration number: 65443)
Revised salient dates of the conditional partial offer by LNM (the "offer") to
acquire up to 12.19 per cent of the issued share capital
of Iscor Limited ("Iscor")
Further to the press announcement by Iscor on 23 January 2003 in which it was
stated that the requisite majority of Iscor shareholders had voted to adjourn
the general meeting of Iscor shareholders held on Wednesday, 22 January 2003
(the "general meeting") for the purposes of voting on the proposed waiver of the
requirement under Rule 8 of the Securities Regulation Code on Takeovers and
Mergers to make a mandatory offer to Iscor minority shareholders to 14:00 on
Wednesday, 12 February 2003 (the "adjourned general meeting"), Iscor
shareholders are advised that:
- LNM has decided to extend the closing date of the offer to 21 February
2003; and
- as a result of the adjournment of the general meeting and LNM`s decision to
extend the closing date of the offer, the new salient dates and times of the
offer are as follows:
2003
- Latest time and date for lodgement of forms of proxy
for the adjourned general meeting of Iscor
shareholders, by 14h00 Monday, 10 February
- Time and date of adjourned general meeting of Iscor
shareholders, at 14h00 Wednesday, 12 February
- Results of adjourned general meeting published
on SENS Wednesday, 12 February
- Results of adjourned general Meeting published
in the press Thursday, 13 February
- Last day for Iscor minority shareholders to trade
on the JSE to be eligible to participate in the
offer, up to 17h00 Friday, 14 February
- Shares will trade ex the offer from commencement
of business Monday, 17 February
- Record date for the purposes of participating
in the offer Friday, 21 February
- Offer closes (following an extension by LNM of
the closing date), at 16h00 Friday, 21 February
- Expected date of announcement on SENS of the
results of the offer Monday, 24 February
- Dematerialised Iscor minority shareholders will
have their account with their CSDP or broker
credited updated Monday, 24 February
- Cheques issued in respect of those Iscor minority
shareholders who have accepted the offer, will
be mailed within three U.S. business days of the
record date for certificated shareholders Wednesday, 26 February
Notes:
1. If you have dematerialised your Iscor shares, notify and instruct your CSDP
or broker, as the case may be, in the manner stipulated in the agreement
governing your relationship with your CSDP or broker. Shares cannot be
dematerialised or rematerialised between Monday, 17 February 2003 and Friday, 21
February 2003, both days inclusive.
2. The above dates and times are subject to amendment. Any such amendment will
be published on SENS and in the press. The above dates and times are subject to
the terms and conditions precedent set out in LNM`s offer circular posted to
Iscor shareholders on Friday, 6 December 2002, as may be revised by LNM in its
sole and absolute discretion in accordance with the Securities Regulation Code
on Takeovers and Mergers and any other applicable laws and regulations.
Enquiries:
Aditya Mittal, Vice Chairman
Sudhir Maheshwari, Chief Financial Officer
LNM Holdings N.V.
+ 44 20 7543 1169
Adrian Coates, Managing Director
HSBC Bank plc
+ 44 20 7336 9446
Eric Vemer, Director
HSBC Investment Services (Africa) (Pty) Ltd
+ 27 11 481 4202
Johannesburg, 24 January 2003
This announcement is published on behalf of LNM and is the sole responsibility
of LNM.
This announcement does not constitute an offer or an invitation to purchase
any securities.
Financial advisers to LNM
HSBC
Corporate law advisers to LNM
White & Case
Limited Liability Partnership
Date: 24/01/2003 03:22:21 PM Produced by the JSE SENS
