|
(Incorporated in the Republic of South Africa)
(Registration number 1973/07111/06)
(ISIN ZA000003257) (Share code HCI)
("HCI" or "the Company")
AMENDMENTS TO SALIENT DATES
Further to the announcement dated 3 April 2003 regarding the proposed
Delisting of HCI ("the Delisting") and the Offer to shareholders by a
consortium comprising members of HCI"s management to purchase all or any
of their shares at a cash price of 350 cents per share ("the Offer"),
shareholders are notified that the circular to shareholders will be
posted on Monday, 26 May 2003. The circular contains the notice
convening the general meeting of shareholders to approve the necessary
ordinary resolutions to give effect to the delisting ("Delisting
Meeting").
The salient dates relating to transaction have been amended as follows:
2003
Offer opens at 09:00 on Monday, 26 May
Last day to lodge forms of proxy for Tuesday, 10 June
the Delisting Meeting by 11:00 on
Delisting Meeting to be held at 11:00 Wednesday, 11 June
on
Results of Delisting Meeting released Wednesday, 11 June
on SENS on
Results of Delisting Meeting published Thursday, 12 June
in the press on
Last day to trade in order to Friday, 20 June
participate in the Offer
Suspension of listing from commencement Monday, 23 June
of business on
Offer closes at 14:00 on (See Note 1 Friday, 27 June
below)
Payment to shareholders (See Note 2
below)
Record date Friday, 27 June
Delisting of HCI with effect from the Monday, 30 June
close of business on Monday, 30 June
Results of Offer announcement released
on SENS on
Results of Offer announcement published Tuesday, 1 July
in the press on
Notes:
1. Dematerialised shareholders are required to notify their duly
appointed Central Securities Depository Participants ("CSDP") or broke
of their acceptance of the offer in the manner and time stipulated in
the agreement governing the relationship between the shareholder and h
CSDP or broker.
2. Once the Offer has become unconditional, consideration cheques will
be posted to HCI certificated shareholders and HCI dematerialised
shareholders" safe custody accounts updated and accounts credited with
five business days of receipt of acceptance of the Offer.
3. Share certificates may not be dematerialised after Friday, 20 June
2003.
4. The dates and times provided for in this announcement are subject
to amendment. Any such amendment will be published in the press and on
SENS.
23 May 2003
Durban
INVESTMENT BANK & SPONSOR
Nedbank Corporate
Date: 23/05/2003 05:00:39 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
| 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 ] | |||||||||||||
|
|||||||||||||
