Metje & Ziegler Limited - Results Of Extraordinary Meeting
Metje & Ziegler Limited
South African share codes: MZG and MZGP
Namibian share codes: MAZ and MAZP
(ISIN: NA0008651060 (ordinary shares) and NA0008881899 (preference shares))
(Registration number: 196)
("M+Z")
Shareholders of M+Z are advised that at the extraordinary meeting, held at 09:00
on Friday, 2 May 2003, the requisite majority of shareholders approved, without
modification, the disposal by M+Z of certain major assets in its Hardware and
Building Materials Division ("H&B Division"), followed by the discontinuance of
the H&B Division, as well as the proposed voluntary termination of the listings
of M+Z on both the JSE Securities Exchange South Africa ("JSE") and the Namibian
Stock Exchange ("NSX").
Those ordinary and preference shareholders of M+Z who wish to accept the offer
by Herta Ernst Investments (Proprietary) Limited, the majority shareholder in
M+Z, to purchase from all the shareholders their M+Z shares, are reminded that
the purchase offer closes at 16:00 on Friday, 16 May 2003. Shareholders who
hold certificated shares must complete and return the form of acceptance and
surrender (attached to the circular dated 17 April 2003), together with the
documents of title, by the date on which the offer closes. Shareholders who
hold dematerialised shares must instruct their CSDP or broker as to the actions
that should be taken.
The last day to trade in order to qualify to participate in the purchase offer
is Friday, 9 May 2003. The listings of M+Z ordinary and preference shares on
the JSE and NSX will be suspended at the commencement of trade on Monday, 12 May
2003, and terminated at the commencement of trade on Tuesday, 20 May 2003.
Windhoek
2 May 2003
Company Secretary:
D Oram
8th Floor, Metje Behnsen Building, Independence Avenue
P O Box 239, Windhoek, Namibia
South African sponsor: HSBC Investment Services (Africa) (Pty) Limited
Namibian sponsoring broker: HSBC Securities (Namibia) (Pty) Limited
Ends
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