Good Cape - Results of the offer to minority share
GOOD CAPE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/006274/06)
Share code : GDC ISIN : ZAE000015590
("Good Cape")
RESULTS OF THE OFFER TO MINORITY SHAREHOLDERS
Shareholders are referred to the announcement published on 14 March 2003 and the
circular posted to shareholders on the same date in which it was stated that
Edge to Edge 188 (Proprietary) Limited ("Edge to Edge") would make an
unconditional offer to the minority shareholders of Good Cape ("the Good Cape
shareholders") to acquire their ordinary shares in Good Cape.
Prior to commencement of the offer, Edge to Edge held 18 376 173 Good Cape
ordinary shares representing 58.05% of Good Cape"s issued ordinary share
capital. The total number of acceptances received for the offer was for 11 848
601 ordinary shares representing 89.23% of the offer shares. As a result Edge to
Edge now owns 30 224 774 ordinary Good Cape shares, representing 95.48% of Good
Cape"s issued ordinary share capital.
Good Cape shareholders are reminded that Good Cape is in breach of the spread
requirements of the JSE Securities Exchange South Africa ("the JSE") Listings
Requirements, and as a result the JSE may reconsider its continued listing. As
indicated in the circular, it is the intention to recapitalise and restructure
Good Cape by acquiring further assets in order to comply with the JSE Listings
Requirements.
Cape Town
14 April 2003
Sponsor Attorneys
SASFIN BANK LIMITED FLUXMANS ATTORNEYS
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