|
PSGBH/PSG GROUP/ ABSA - SANCTIONING OF SCHEME OF ARRANGEMENT
PSG INVESTMENT BANK PSG GROUP LIMITED Absa Group Limited
HOLDINGS LIMITED
(Incorporated in (Incorporated in (Incorporated in the
the Republic of the Republic of Republic of South
South Africa) South Africa) Africa)
(Registration (Registration (Registration number:
number: number: 1986/003934/06)
1998/017358/06) 1970/008484/06
Share code: PGH Share code: PSG JSE code: ASA Issuer
ISIN: ZAE000018818 ISIN: code: AMAGB
("PSGBH") ZAE000013017) ISIN: ZAE 000013389
("PSG Group") ("Absa")
SANCTIONING OF SCHEME OF ARRANGEMENT
1. Court sanction
Shareholders are referred to the scheme of arrangement proposed by Absa between
PSGBH and its shareholders ("the scheme") and the announcement dated Monday, 10
March 2003 regarding, inter alia, the results of the scheme meeting held on that
date.
The scheme was sanctioned by the High Court of South Africa (Witwatersrand Local
Division) on Tuesday, 18 March 2003 and the Order of Court is in the process of
being registered by the Registrar of Companies. The expected operative date for
the scheme will therefore be Monday, 31 March 2003 ("the operative date").
2. Stock exchange listing
The listing of the shares of PSGBH on the JSE Securities Exchange South Africa
("the JSE") will be suspended from the commencement of business on Monday, 24
March 2003. The expected record date to determine participation in the scheme
will be Friday, 28 March 2003 ("the record date"). The expected date of
termination of PSGBH"s listing on the JSE is from the commencement of business
on Tuesday, 1 April 2003.
3. Surrender of share certificates by shareholders holding certificated shares
If they have not already done so, certificated PSGBH shareholders are requested
to surrender their share certificates, or other documents of title, as soon as
possible to the transfer secretaries, in order that they may timeously receive
the scheme consideration. Cheques will be posted to scheme participants, or
cash will be deposited into scheme participants" bank accounts, as the case may
be, on the operative date, if the relevant documents of title are surrendered on
or before the record date, or within five business days after the documents of
title are surrendered.
Forms of surrender were included in the relevant documents posted to
shareholders on Friday, 14 February 2003. A further circular will be posted to
shareholders on Monday, 31 March 2003, which will include a further surrender
form.
4. No further announcement
Should the events referred to above actually occur on the expected dates as
referred to, no further announcement regarding implementation of the scheme will
be made. However, any changes to the expected dates referred to above will be
announced in the press.
Johannesburg
19 March 2003
| 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
