HOMECHOICE HOLDINGS LIMITED - RESULTS OF OFFER BY GARFAM NOMINEES (PTY) LTD
HomeChoice Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/005430/06)
Share code: HCH ISIN: ZAE000011409
("the Company")
RESULTS OF OFFER BY GARFAM NOMINEES (PTY) LTD
Further to the circular sent to the Company`s shareholders ("shareholders")
dated 30 December 2002 and the announcement on 21 January 2003, the Company
hereby announces that the offer by Garfam Nominees (Proprietary) Limited (the
"offeror") to the shareholders to purchase their shares in the Company was
accepted by shareholders representing 12 566 998 shares, being 16,6% of the
total shares in respect of which the offer was made. The offeror is unable to
invoke the provisions of section 440K of the Companies Act 61 of 1973, as
amended, to compulsorily acquire the remaining offer shares as the necessary
level of acceptance of the offer was not achieved.
The listing of the shares in the Company on the JSE Securities Exchange South
Africa will be terminated at the commencement of trade on Tuesday, 25 February
2003.
CAPE TOWN
24 February 2003
Corporate adviser
HJS Advisory Services (Pty) Ltd
(Registration no 2002/012957/07)
Legal adviser to the Company
Sonnenberg Hoffmann Galombik
Auditors and reporting accountants
Ernst & Young
Chartered Accountants (SA)
(Registered Accountants and Auditors)
Sponsor
Wipcapital (Proprietary) Limited
(Registration number 1997/021195/07
Independent advisers
RSM RSDM Associates
(Cape Town)
Moores Rowland
Chartered Accountants (SA)
Date: 24/02/2003 04:47:00 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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