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Profurn Limited - Results announcement
Profurn Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/015363/06)
Share code: PON ISIN: ZAE000037677
("Profurn")
1. Results announcement
Introduction
Rand Merchant Bank is authorised to announce that:
* at a scheme meeting held on Monday 31 March 2003, the requisite majority
approved the scheme of arrangement ("the scheme") proposed by JD Group Limited
between Profurn and its shareholders;
* the scheme was sanctioned by the High Court of South Africa (Witwatersrand
Local Division) on Tuesday 8 April 2003; and
* the Order of Court has been lodged with the Registrar of Companies for
registration.
On registration of the Order of Court by the Registrar of Companies, the last of
the conditions precedent will be fulfilled and the scheme will become operative
on Tuesday 22 April 2003.
2. Reminder of remaining salient dates
2003
Last day to trade for shareholders to be Thursday 10 April
eligible to receive the scheme
consideration on
Suspension of listing of Profurn shares at Friday 11 April
commencement of trading on
Record date on which shareholders must be Thursday 17 April
recorded in the register in order to
receive the scheme consideration by close
of trading on
Operative date of the scheme at the Tuesday 22 April
commencement of trading on
Scheme consideration share certificates Tuesday 22 April
posted to certificated scheme participants
(if documents of title are received on or
prior to the record date) on
or, failing receipt of documents of title
on or before the record date, within five
business days of receipt thereof by the
transfer secretaries.
Dematerialised scheme participants have Tuesday 22 April
their safe custody accounts held at their
CSDP or broker credited with the scheme
consideration on
Termination of listing of the Profurn Wednesday 23 April
shares on the JSE, BSE and NSX at the
commencement of trading on
Notes:
No dematerialisation or rematerialisation of Profurn share certificates may take
place after Thursday 10 April 2003.
Johannesburg
9 April 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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