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JD Group - Implementation and results of the odd lot offer
JD GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
Share code: JDG ISIN: ZAE000030771
("JD Group" or "company")
Implementation and results of the odd lot offer
Shareholders are advised that the odd lot offer to all registered shareholders
of fewer than 100 shares in JD Group and beneficial holders of fewer than 100
dematerialised shares in JD Group ("odd lot holders") has been duly implemented,
at the close of business on Friday, 29 August 2003.
1. RESULTS OF THE ODD LOT OFFER
The total number of shares made available by 4 560 odd lot holders who elected
to sell their odd lot holdings and by those who failed to make an election were
75 407. JD Group has repurchased, in terms of a specific authority granted at
the general meeting held on 11 August 2003, the shares at R28,01 per share
("offer price") for a total consideration of R2 112 150. These shares will be
cancelled, delisted and will revert back to unissued authorised share capital.
53 200 shares were required for 397 odd lot holders who elected to purchase
sufficient additional shares to increase their odd lot holdings to 100 shares.
JD Group has issued, the shares at R28,01 per share (being the offer price) for
a total consideration of R1 490 132.
As a result of the implementation of the odd lot offer, the number of registered
shareholders and beneficial holders has been reduced by 4 560 and the number of
shares in issue has been reduced from 166 507 000 to 166 484 793.
2. ODD LOT HOLDERS WHO HOLD CERTIFICATED SHARES
In respect of those odd lot holders who hold certificated shares and elected to
purchase additional shares, new share certificates will be dispatched by
registered post at the risk of the odd lot holder concerned on Monday, 1
September 2003 or within five business days after surrender of their documents
of title and payment of the relevant subscription price, whichever is the later.
Cheques/electronic transfers in respect of the sale of odd lot holdings will be
posted/electronically transferred at the risk of the odd lot holders concerned
to odd lot holders on Monday, 1 September 2003 or within five days after
surrender of their documents of title, whichever is the later.
All odd lot holders who elected to subscribe for additional shares or sold their
odd lot holdings or who failed to make an election and who have not submitted
their documents of title to the share registrar are reminded to do so in order
for their new share certificates or payments (as applicable) to be released.
3. ODD LOT HOLDERS WHO HOLD DEMATERIALISED SHARES
Any change in the number of shares held and amounts payable/receivable by an odd
lot holder who has dematerialised his/her shares, as a result of the
implementation of the odd lot offer, will be automatically recorded and
debited/credited on Monday, 1 September 2003 in the odd lot holder"s account
with the Central Securities Depository Participant or broker selected by that
odd lot holder.
Johannesburg
1 September 2003
Investment bank and joint sponsor
Gensec Bank Limited
(Registration number 1996/004744/06)
Attorneys
Levy, Feinsteins & Associates Inc
(Registration number 1995/001716/21)
Joint sponsor
JP Morgan
Date: 01/09/2003 04:46:02
Produced by the JSE SENS Department
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