Profurn - Results of scheme meeting
Profurn Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/015363/06)
Share code: PON ISIN: ZAE000037677
("Profurn")
Results of scheme meeting
Shareholders are advised that the scheme of arrangement proposed by JD Group
Limited ("JD") in terms of section 311 of the Companies Act, Act 61 of 1973, as
amended, between Profurn and its shareholders ("the scheme") was approved by the
requisite majority of scheme members at the scheme meeting held on Monday
31 March 2003.
Application will be made to the High Court of South Africa (Witwatersrand Local
Division) ("Court"), situated at the High Court Building, Von Brandis Square,
corner Pritchard and Von Brandis Streets, Johannesburg on Tuesday 8 April 2003
at 10:00 or so soon thereafter as Counsel may be heard for an order to sanction
the scheme. If the scheme is sanctioned by the Court, the only remaining
condition precedent for implementation of the scheme will be the registration of
such Order of Court, by the Registrar of Companies. It is anticipated that the
operative date of the scheme and listing of the scheme shares, being the total
scheme consideration of 53 700 000 JD shares, will be Tuesday 22 April 2003.
A further announcement regarding the outcome of the application to the Court
will be published on or about Wednesday 9 April 2003.
Johannesburg
31 March 2003
Merchant Bank to Profurn Attorneys to Profurn
Rand Merchant Bank Fluxmans Inc.
Sponsor to Profurn Independent advisor
Grant Thornton Kessel Ernst & Young Corporate
Feinstein Corporate Sponsors Finance (Proprietary) Limited
(Proprietary) Limited
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