Thebe Financial Services / Thebe Investment Corporation -
Thebe Financial Services Thebe Investment Corporation
Limited (Pty) Limited
(Incorporated in the (Incorporated in the
Republic of South Africa) Republic of South Africa)
(Registration number (Registration number
1993/092509/06) 1992/001846/07)
("TFS" or "the Company") ("TIC")
(ISIN Code ZAE000017265)
(Share Code TBE)
Results of TFS general meeting
TFS shareholders are referred to the announcement published on Wednesday, 28 May
2003, which contained the salient dates in respect of the sale by TFS of its
remaining assets, being a 50,01% shareholding in Thebe Risks & Benefits Holdings
(Pty) Limited and a 51% shareholding in Safrican Insurance Company Limited
(collectively, "the sales"). It was also announced that the directors of TFS
propose to make an interim distribution of 19,53 cents per share ("the interim
distribution") and then delist and wind-up the Company.
Nedbank Corporate, a division of Nedbank Limited, is authorised to inform TFS
shareholders that at the general meeting of TFS shareholders held today all
resolutions relating to the sales, the interim distribution and the delisting
and winding-up of the Company were approved by in excess of 99% of TFS
shareholders present and voting at the meeting. Accordingly:
the last day to register as a TFS shareholder to receive the initial
distribution (and any further distributions) is Friday, 27 June 2003;
payment of the initial distribution will be made on Monday 30 June 2003; and
the listing of TFS will terminate at the commencement of trade on Tuesday, 1
July 2003.
Johannesburg
24 June 2003
Investment bank and sponsor
Nedbank Corporate
Attorneys to TFS
Webber Wentzel Bowens
Independent advisors to the minority shareholders of TFS
in respect of the TRBGH transaction
EY Corporate Finance (Pty) Ltd
Independent advisors to the minority shareholders of TFS
in respect of the Safrican transaction
Bridge Capital
Reporting accountants
PricewaterhouseCoopers
Date: 24/06/2003 11:38:04 AM Supplied by www.sharenet.co.za
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