|
GENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/001232/06)
("Gencor")
Share Code: GMF ISIN: ZAE000013066
RESULTS OF GENERAL MEETING AND CONFIRMATION OF SALIENT DATES
1. Results of general meeting
A special general meeting of Gencor shareholders was held on Friday, 25 April
2003 ("the general meeting") to consider ordinary and special resolutions
relating to:
the unbundling by Gencor of its shareholding in Impala Platinum Holdings Limited
("the Implats distribution shares") by way of a dividend in specie and a
reduction of the share premium account of Gencor ("the unbundling"); and
a general approval for Gencor to repurchase ordinary shares in its capital.
The Board of Directors of Gencor is pleased to announce that the ordinary and
special resolutions tabled at the general meeting were passed by the requisite
majority of shareholders.
The special resolution will be lodged for registration with the Registrar of
Companies on Tuesday, 29 April 2003.
2. Salient dates
Gencor shareholders are reminded of the salient dates relating to the
unbundling, which are reprinted below for convenience.
2003
Last day to trade in Gencor shares on the JSE Friday, 16 May
Securities Exchange South Africa ("JSE") in
order to participate in the unbundling
Gencor shares trade ex-rights to the Implats Monday, 19 May
distribution shares
Transfer of sector Monday, 19 May
Record date to participate in the unbundling Friday, 23 May
Announcement of final unbundling ratio and Tuesday, 10 June
apportionment of base cost for capital gains tax
purposes
Shareholders entitled to trade the Implats Tuesday, 10 June
distribution shares (in anticipation of receipt
of the Implats distribution shares on Wednesday
18 June)
Implats share certificates will be posted by
registered post to certificated shareholders or
credited to their safe custody accounts at their
Central Securities Depository Participant or
broker in the case of dematerialised
shareholders, on Wednesday, 18 June
Dematerialised Gencor shareholders should note that they will not be able to
sell their entitlement to Implats distribution shares between Monday, 19 May
2003 and Monday, 9 June 2003, both days inclusive. Certificated Gencor
shareholders should note that they will not be able to sell their entitlements
to Implats distribution shares until they receive their Implats share
certificates and have them dematerialised. This is due to the fact that the
Implats distribution shares will only be posted by registered post to
certificated Gencor shareholders or credited to the safe custody accounts of
dematerialised Gencor shareholders recorded in the register on the record date,
on Wednesday 18 June 2003. Gencor shareholders who wish to sell Implats shares
during this time will be required to borrow Implats scrip for settlement from
alternative sources.
Johannesburg
25 April 2003
Merchant bank Sponsor
Investec Corporate Investec Bank
Finance Limited
Attorneys Reporting accountants Communication
Webber Wentzel Bowens and auditors Bairds Renaissance
PricewaterhouseCoopers (Pty) Limited
Inc
| 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 ] | |||||||||||||
|
|||||||||||||
