Brimstone Investment Corporation Limited
(Registration number 1995/010442/06)
(Incorporated in the Republic of South Africa)
ISIN Number: ZAE000015277 Share Code: BRT
ISIN Number: ZAE000015285 Share Code: BRN
("Brimstone")
Results of Brimstone Shareholder"s Meetings
Brimstone shareholders are advised that at the Brimstone general meeting,
Brimstone ordinary shareholders" meeting and Brimstone "N" ordinary
shareholders" meeting, all held on Monday, 17 March 2003, the requisite
majorities of shareholders approved the disposal by Brimstone of its interest of
77 688 700 ordinary shares in the share capital of Nando"s Group Holdings
Limited ("Nando"s") and the specific repurchase of 3 599 400 Brimstone ordinary
shares and up to 71 937 034 Brimstone "N" ordinary shares.
The Nando"s scheme meeting to approve the scheme of arrangement proposed by
Brozent Holdings (Pty) Limited between Nando"s and its shareholders other than
certain excluded parties, in terms of which all the issued shares in the capital
of Nando"s (other than those held by the excluded parties) will be acquired for
70 cents per share ("Nando"s scheme"), will be held on Wednesday,
19 March 2003.
A further announcement regarding the outcome of the Nando"s scheme meeting will
be released on SENS on Wednesday, 19 March 2003 and a final announcement will be
made once Court approval of the Nando"s scheme has been obtained, which is
expected to be on or about Wednesday, 2 April 2003.
Sandton
17 March 2003
Investment bank and sponsor
Nedbank Corporate
Corporate law advisers and consultants to Brimstone
Edward Nathan & Friedland (Pty) Limited
Independent advisers
Deloitte & Touche Corporate Finance
Reporting accountants
Deloitte & Touche Chartered Accountants (SA)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
