iProp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/001239/06)
Share Code: IPR ISIN: ZAE 000018867
("iProp" or "the company")
Disposal by iProp of certain of its assets and liabilities
to Clidet No. 433 (Pty) Limited ("the disposal") becomes
unconditional and confirmation of salient dates
Shareholders are referred to the announcement published on SENS on 27 May 2003
concerning the approval by shareholders of the disposal and the voluntary
winding-up of the company ("the winding-up") and the distribution to
shareholders as a liquidation dividend of the nett proceeds from the disposal
together with the 7 000 000 linked units in iFour Properties Limited held by
iProp in the ratio of 0,41977 linked units per iProp share held ("the
distribution").
Shareholders are now advised that the disposal has become unconditional and are
reminded of the following important dates:
2003
Last day to trade in order to participate in the Friday 11 July
distribution
iProp shares may not be dematerialised or Friday 11 July
rematerialised after
Listing of iProp shares suspended on the JSE
Securities Exchange South Africa ("JSE") from Monday 14 July
the commencement of business on
Record date to participate in the distribution Friday 18 July
Cheques and share certificates in respect of the
distribution posted to shareholders holding
certificated securities and accounts of
shareholders holding dematerialised securities Monday 21 July
with CSDPs or brokers credited with the
distribution on
Termination of the listing of iProp shares on
the JSE from the commencement of business on Tuesday 22 July
Johannesburg
4 July 2003
Corporate adviser Attorneys
QuestCo Investments (Pty) Cliffe Dekker Inc
Limited
Sponsor
PWC Corporate Finance (Pty)
Limited
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