| Thu 24 Jul 2003, 11:25 | | OSI Holdings Limited - Results of the AGM |
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OSI
OSI Holdings Limited - Results of the general meeting
OSI Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1996/000749/06)
Share Code: OSI ISIN: ZAE000016739
("OSI" or "the company")
- RESULTS OF THE GENERAL MEETING
- OFFER TO REPURCHASE ALL OF THE OSI ORDINARY SHARES IN ISSUE,
OTHER THAN THOSE HELD OR CONTROLLED BY THE CONTROLLING
SHAREHOLDERS OF OSI ("the offer shares")
- SUSPENSION AND TERMINATION OF THE LISTING OF OSI ON THE JSE
SECURITIES EXCHANGE SOUTH AFRICA ("the JSE")
1. Results of the general meeting
Merchant Sponsors (Proprietary) Limited is authorised to announce that at the
meeting of OSI shareholders held on Thursday, 24 July 2003, the company"s
shareholders passed, with the requisite majority, the special and ordinary
resolutions contained in the circular to shareholders dated 30 June 2003,
relating to inter alia, the suspension and termination of the listing of OSI and
the offer to OSI minority shareholders ("the offer shareholders").
The special resolution has been lodged with the registrar of companies for
registration.
2. Salient dates of the offer
The salient dates relating to the offer are as follows:
2003
Offer opens at 09h00 on Friday, 25 July
Last day to trade on Friday, 8 August
Listing of OSI shares suspended on the JSE Monday, 11 August
from the commencement of business on
Offer closes at 12h00 on (see note 3) Friday, 15 August
Record date on Friday, 15 August
Cheques posted to certificated shareholders Monday, 18 August
and CSDPs or stockbroker accounts credited
in respect of dematerialised shareholders
on
Results of the offer released on SENS on Monday, 18 August
Results of the offer announced in the press Tuesday, 19 August
on
Listing of OSI shares terminated on the JSE Tuesday, 19 August
from the commencement of business on
Cancellation of repurchased shares on Tuesday, 19 August
OSI reserves the right to invoke the provisions of section 440K of
the Companies Act, 1973 (Act 61 of 1973), as amended, if
acceptances representing not less than nine-tenths of the offer
shares are received from the offer shareholders, in which case, the
notice will be posted to offer shareholders who have not accepted
the offer as soon as it is available.
Notes:
1. The final closing date may, subject to the approval of the Securities
Regulation Panel and the JSE, be extended beyond the scheduled closing date.
2. Shares may not be dematerialised or rematerialised from Friday, 8 August
2003.
3. Dematerialised shareholders are required to notify their duly appointed
CSDP or stockbroker of their acceptance of the offer in the manner and time
stipulated in the agreement governing the relationship between the shareholder
and his/her CSDP or stockbroker.
Centurion
24 July 2003
Sponsor Legal advisor
Merchant Sponsors Fluxmans Incorporated
Corporate advisor INDEPENDENT ADVISOR
Merchantec Corporate PricewaterhouseCoopers Corporate
Finance Finance (Pty) Ltd
Reporting accountants
PricewaterhouseCoopers
Date: 24/07/2003 11:18:41 AM Produced by the JSE SENS Department
