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JD Group - Salient dates of the offer to shareholders
JD GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
Share code: JDG ISIN code: ZAE000030771
("JD Group")
Salient dates of the offer to shareholders
of Profurn Limited ("Profurn")
1. INTRODUCTION
Shareholders are referred to the announcement dated 27 January 2003, in which JD
Group shareholders were advised that an agreement had been reached between JD
Group and Profurn in terms of which JD Group will extend an offer to the
shareholders of Profurn for the acquisition of all their Profurn shares, subject
to certain conditions precedent being fulfilled ("the transaction") and the
announcement dated 4 February 2003, in which the financial effects of the
transaction were set out.
The directors of JD Group have convened a general meeting of JD Group
shareholders, to be held in the boardroom, 11th Floor, JD House, 27 Stiemens
Street, Braamfontein, 2001 at 09:00 on Monday, 31 March 2003 for the purpose of
considering and, if deemed fit, passing, with or without modification, the
ordinary resolution required to implement the transaction.
2. SALIENT DATES AND TIMES
The table below sets out the salient dates of the transaction:
2003
* Last day to lodge forms of proxy
for the general meeting by 09:00 on Thursday, 27 March
* General meeting to be held at 09:00 on Monday, 31 March
* Results of the general meeting expected
to be published on SENS on Monday, 31 March
* Expected date of the listing of the
JD Group shares to be issued in terms of the
transaction on Wednesday, 23 April
* Operative date of the transaction
expected to be on Wednesday, 23 April
The above dates and times are subject to amendment. Notice of any such amendment
will be published on the Securities Exchange News Service of the JSE and in the
press.
3. DOCUMENTATION
A circular containing detailed information regarding the transaction and
incorporating the listing particulars as constituted after the transaction, a
notice convening a general meeting of JD Group shareholders and a form of proxy
has been mailed to JD Group shareholders.
Johannesburg
20 February 2003
Investment bank and transaction sponsor
Gensec Bank
Gensec Bank Limited
Corporate Finance Advisory
Legal advisor
Feinsteins Attorneys
Date: 20/02/2003 04:41:00 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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