| Fri 21 Feb 2003, 11:01 | | Brimstone Investment Corporation Limited - Salient |
|
BRIMSTONE INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
(Share code: BRT ISIN: ZAE000015277)
(Share code: BRN ISIN: ZAE000015285)
("Brimstone" or "the company")
SALIENT DATES OF THE PROPOSED SPECIFIC REPURCHASE OF SHARES AND THE PROPOSED
DISPOSAL OF BRIMSTONE`S INTEREST IN NANDO`S GROUP HOLDINGS LIMITED ("NANDO`S")
1. INTRODUCTION
Holders of ordinary shares and "N" ordinary shares in Brimstone ("Brimstone
shareholders") are referred to an announcement dated Wednesday, 22 January 2003
relating to:
* the proposed specific repurchase by Brimstone from Capricorn Ventures
(Proprietary) Limited ("Capricorn") of 3 599 400 Brimstone ordinary and up to 71
937 034 Brimstone "N" ordinary shares, at 63 cents per Brimstone share, plus an
amount computed by reference to Capricorn`s acquisition and holding costs
("Specific Repurchase"); and
* the proposed disposal of Brimstone`s holding of 77 688 700 Nando`s
ordinary shares ("Disposal").
Brimstone shareholders are further referred to a Nando`s announcement
published on Friday, 21 February 2003, informing its shareholders, inter alia,
of the salient dates of the proposed Nando`s scheme of arrangement ("Nando`s
scheme"). Brimstone shareholders are advised that the High Court has granted
leave to convene the Nando`s scheme meeting, to be held at 09:00 on Wednesday,
19 March 2003 ("Nando`s scheme meeting").
2. SALIENT DATES AND TIMES
The expected dates and times relating to Brimstone shareholders are as
follows:
2003
Forms of proxy for the Brimstone
shareholder meetings to be received by 10:00 on Friday, 14 March
Brimstone general meeting to be held
at 10:00 on Monday, 17 March
Brimstone ordinary shareholders` meeting
to be held at 10:15 or, if later, immediately
after the conclusion of the Brimstone general
meeting on Monday, 17 March
Brimstone "N" ordinary shareholders`
meeting to be held at 10:30, or, if later,
immediately
after the conclusion of the Brimstone
ordinary shareholders meeting on Monday, 17 March
Results of the Brimstone shareholder
meetings released on SENS on Monday, 17 March
Results of the Brimstone shareholder
meetings published in the press on Tuesday, 18 March
Nando`s scheme meeting to be held
at 09:00 on Wednesday, 19 March
Results of Nando`s scheme meeting
published on SENS on Thursday, 20 March
Court hearing to sanction the
Nando`s scheme on Tuesday, 1 April
Results of the Nando`s scheme
published on Wednesday, 2 April
Suspension of listing of Nando`s
shares at commencement of trading on Friday, 4 April
Termination of listing of Nando`s
shares at commencement of trading on Tuesday, 15 April
Notes:
1. The dates and times may be subject to amendment. Any such amendment will be
published on SENS.
2. Copies of the Brimstone circular to shareholders may be obtained from the
registered office of Brimstone and the office of any of the advisors set out in
the "Corporate information" section of the circular referred to below, as well
as from all broking members of the JSE Securities Exchange South Africa ("JSE").
3. DOCUMENTATION
A circular containing full details of the Specific Repurchase and the
Disposal, which has been approved by the JSE and the South African Reserve Bank
and incorporating notices of the Brimstone general meeting, the Brimstone
ordinary shareholders` meeting and the Brimstone "N" ordinary shareholders`
meeting will be posted to Brimstone shareholders today.
Sandton
21 February 2003
Investment bank and sponsor
NEDBANK CORPORATE
Corporate law advisers and consultants to Brimstone
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & Consultants
(Registration number 1999/026464/07)
Independent advisers
DELOITTE& TOUCHE CORPORATE FINANCE
Reporting accountants
Deloitte & Touche Chartered Accountants (SA)
Registered accountants and auditors
Date: 21/02/2003 09:27:27 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
