CONAFEX HOLDINGS SOCIETE ANONYME - CONSOLIDATION O
CONAFEX HOLDINGS SOCIETE ANONYME
(Incorporated in Luxembourg - RC Luxembourg No. B 17789)
("Conafex" or "the company")
JSE CODE: CNX ISIN: LU0167907293
CONSOLIDATION OF SHARES - REVISED SHARE RATIO
Shareholders are referred to the circular to Conafex shareholders dated 7 May
2003 in which the share consolidation ratio was announced as 2.11875. The
Directors wish to inform shareholders that the consolidation and reduction of
the Company"s share capital needs to be done on the basis that for every
2.1187467 ("full ratio") shares of no par value held, shareholders will receive
in exchange one new share of US$1-50 each.
The full ratio is required for implementation purposes in terms of the
Luxembourg law of 10th August 1915, as amended, and to ensure that some
shareholders are not prejudiced unduly in the rounding down of fractions of
shares.
Johannesburg
16 May 2003
Sponsor
The Janus Corporation (Pty) Ltd
Date: 16/05/2003 03:09:57 PM Supplied by www.sharenet.co.za
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