OSI
Results Of The Offer To OSI Minority Shareholders And Notice In Terms Of Section
440k Of The Companies Act 61 Of 1973, As Amended ("The Act")
OSI HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1996/000749/06)
Share code: OSI
ISIN: ZAE000016739
("OSI")
RESULTS OF THE OFFER TO OSI MINORITY SHAREHOLDERS AND NOTICE IN TERMS OF
SECTION 440K OF THE COMPANIES ACT 61 OF 1973, AS AMENDED ("THE ACT")
Merchant Sponsors (Proprietary) Limited is authorised to announce that the offer
("the offer") by OSI to OSI shareholders, excluding the controlling shareholders
("the offer shareholders"), to acquire all shares held by the offer shareholders
("the offer shares") at an offer price of 22 cents per offer share has been
accepted by offer shareholders holding in excess of nine tenths of the offer
shares.
OSI is entitled to compulsorily acquire all offer shares from those offer
shareholders who have not accepted the offer, by giving notice to such
shareholders in terms of Section 440K(1)(a) of the Act. A notice in terms of
Section 440K of the Act will be posted to the remaining shareholders in due
course.
In accordance with the circular to OSI shareholders dated 30 June 2003, the
listing of the shares of OSI on the JSE Securities Exchange South Africa will be
terminated from the commencement of business on Tuesday, 19 August 2003.
Centurion
18 August 2003
Sponsor Corporate advisor Legal advisor
Merchant Sponsors Merchantec Corporate Fluxmans
Finance Incorporated
Reporting accountants Independent advisor
PricewaterhouseCoopers PricewaterhouseCoopers Corporate
Finance (Pty) Ltd
Date: 18/08/2003 05:15:04 PM Produced by the JSE SENS Department
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