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Aveng - Announcement Made By Mcconnell Dowell Corporation Limited
Release Date: 01/08/2003 14:47:01 Code(s): AEG
Aveng - Announcement made by McConnell Dowell Corporation Limited
Aveng Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/018119/06)
Share code: AEG ISIN: ZAE000018081
("Aveng" or "the company")
ANNOUNCEMENT MADE BY McCONNELL DOWELL CORPORATION LIMITED ("MDC") TO THE
AUSTRALIAN AND NEW ZEALAND STOCK EXCHANGES
The attention of shareholders of Aveng is drawn to the following announcement,
which was made today by McConnell Dowell Corporation Limited to the Australian
and New Zealand Stock Exchanges:
FEDERAL COURT APPROVES SCHEMES OF ARRANGEMENT
The Federal Court of Australia has today approved the schemes of arrangement
between McConnell Dowell and its shareholders and optionholders which will
result in payments of Aus $1.54 per share (plus an Aus $0.10 dividend per share)
and Aus $0.20 per option and Aveng will own 100% of McConnell Dowell"s issued
capital.
It is expected that the court orders will be lodged with the Australian
Securities and Investments Commission on Monday, 4 August 2003 and that trading
in McConnell Dowell shares will be suspended on the ASX and NZX on Monday, 4
August 2003.
The record date for establishing the entitlements to shareholders and
optionholders is 11 August 2003 and payment will be dispatched on 18 August
2003.
With the approval of the announced schemes, the previously proposed dividend of
Aus $0.10 per share will now also be paid on 18 August 2003 to shareholders
registered as at the record date of 11 August 2003.
McConnell Dowell Corporation Ltd is an Australian based engineering and
construction company offering specialised heavy and marine civil, pipeline
construction and mechanical and electrical services to a geographically diverse
selection of quality clients.
For and behalf of
McConnell Dowell Corporation Limited
D.G. Robinson
Chief Executive Officer
1 August 2003
Enquiries
D.G Robinson
McConnell Dowell Corporation Limited
Tel: (03) 8805 5200
Fax: (03) 8805 5375
For and on behalf of
AVENG LIMITED
PH HANSEN
COMPANY SECRETARY
Tel: 011 779 2812
1 August 2003
Sponsor
JPMorgan
Date: 01/08/2003 02:47:05 PM
Produced by the JSE SENS Department
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