Ast Group Limited - Further Announcement Relating To The Rights Offer And
Release Date: 29/08/2003 11:13:02 Code(s): AAA
AST Group Limited - Further Announcement Relating To The Rights Offer And
Withdrawal Of Cautionary Announcement
AST Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: AAA
ISIN: ZAE000027397
("AST" or "the Company")
FURTHER ANNOUNCEMENT RELATING TO THE RIGHTS OFFER AND WITHDRAWAL OF
CAUTIONARY ANNOUNCEMENT
1. Rights offer
Further to the announcement dated 22 August 2003, Standard Corporate and
Merchant Bank is authorised to announce that the conditions precedent to the
underwriting agreement between AST and Kumba Resources Limited, the Iscor
Pension Fund, The Standard Bank of South Africa Limited and Cadtech
(Proprietary) Limited ("the underwriting agreement"), have been fulfilled and
accordingly the rights offer will proceed according to the detailed terms, dates
and times as previously announced on 22 August 2003.
A circular providing further details relating to the rights offer and
consolidation of the share capital of AST on a one for ten basis, incorporating
revised listing particulars and, in the case of holders of certificated AST
shares, a form of instruction in respect of a renounceable (nil paid) letter of
allocation and a form of surrender, will be posted to AST shareholders on 15
September 2003.
2. Withdrawal of cautionary announcement
Shareholders are referred to the cautionary announcements dated
27 March 2003, 14 May 2003, 25 June 2003 and 5 August 2003 and are advised
that as the underwriting agreement has become unconditional and the full
terms, dates and times of the rights offer have been announced, caution is no
longer required to be exercised by shareholders when dealing in securities of
the Company.
Centurion
29 August 2003
Merchant bank and advisor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Attorneys
Moss Morris Attorneys
Sponsor
Cazenove South Africa (Proprietary) Limited
(Registration number 1998/011736/07)
Member of the JSE Securities Exchange South Africa
Date: 29/08/2003 11:13:04 AM
Produced by the JSE SENS Department
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