S& J LAND HOLDINGS LIMITED -
S& J LAND HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/000139/06)
Share code: SJL ISIN: ZAE000009965
("S&J")
RESULTS OF MANDATORY OFFER ANNOUNCEMENT
In terms of the circular to S&J shareholders dated 29 January 2003 ("the
circular") which pertained, inter alia, to an unconditional mandatory offer by
Walton Norman Brian Imrie and Partridge Holdings Limited ("the offerors") of
39.4 cents (including interest of 1.4 cents) per share ("the mandatory offer"),
the results of the mandatory offer which opened on Wednesday,
29 January 2003 and closed on Friday 27 June 2003, as a result of it being
extended on a number of occasions, are as follows:
Number of certificated shares tendered for acceptance 89 594
Number of dematerialised shares tendered for acceptance 10 151 274
Total acceptances 10 240 868
Total number of shares that were eligible for acceptance
in terms of the mandatory offer 10 959 078
Percentage of total acceptances 93,4%
Rand value of shares tendered for acceptance R4 034 902
Number of shares held by the offerors prior to the
opening of the offer 15 340 922
Total number of shares held by the offerors after the
closing of the offer 25 581 790
Total number of S&J shares in issue 26 300 000
Percentage held by the offerors in S&J after the closing
of the offer 97,3%
The offerors are unable to invoke section 440K (1)(a) of the Companies Act 1973
(Act 61 of 1973), and compulsorily acquire the remaining shares, on the basis
that the 90% threshold was achieved after the period of four months specified in
the section, from the date of the opening of the offer.
Bryanston
3 July 2003
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 03/07/2003 12:40:58 PM Supplied by www.sharenet.co.za
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