iProp Holdings Limited - Notice of intention to pr
iProp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/001239/06)
Share Code: IPR ISIN: ZAE 000018867
("iProp" or "the company")
Notice of intention to propose an adjournment of the
general meeting to be held on 12 March 2003
as a result of the delivery of a new offer to the board of
the company
Subsequent to the notice of a general meeting to be held on Wednesday 12 March
2003, as contained in a circular to shareholders dated 14 February 2003, ("the
general meeting") an announcement has been published on SENS on 10 March 2003
concerning an offer by Rowan Tree 4 (Pty) Limited, a wholly-owned subsidiary of
Mettle Limited, to acquire the businesses of iProp, iProp Limited and Lerix
Investments (Pty) Limited ("the new offer").
The general meeting will be convened as scheduled. However, the board of the
company is of the view that, in order for the directors to give due
consideration to the new offer, the general meeting should be adjourned and
should be held at 09:30 on Wednesday 26 March 2003. Shareholders will be
requested to vote on this proposed adjournment at the general meeting.
Documents relating to the new offer will be available for inspection by
shareholders from Wednesday 12 March 2003 to Wednesday 26 March 2003. Please
contact Tammy Holmes on telephone 011 575 3415 to make an appointment to view
such documents.
Johannesburg
10 March 2003
Corporate adviser Attorneys
Questco Cliffe Dekker Inc
Sponsor
PWC Corporate Finance
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