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CFC - SALIENT DATES ANNOUNCEMENT
Commercial Finance Company Limited
(In liquidation)
(Incorporated in the Republic of South Africa)
(Registration number 1944/000264/06)
Ordinary shares
Share code: CFC ISIN: ZAE000001343
("CFC" or "the Company")
SALIENT DATES ANNOUNCEMENT
INTRODUCTION
CFC ordinary shareholders are referred to the announcement dated
19 November 2002, in which CFC ordinary shareholders and CFC preference
shareholders ("shareholders") were advised that the Board of Directors of CFC
had proposed to:
* make a cash distribution of 2 000 cents per CFC ordinary share held;
* make an in specie distribution of its shareholding in Mr Price in the ratio of
1,67843 Mr Price ordinary shares for every CFC ordinary share held;
* return preference share capital and pay arrear preference dividends to CFC
preference shareholders;
* make a second cash distribution to CFC ordinary shareholders;
* make application to the JSE Securities Exchange SA ("JSE") for the suspension
and delisting of the Company; and
* propose a members" voluntary winding-up of CFC in terms of sections 349 and
350 of the Companies Act, 1973 (Act 61 of 1973), as amended.
Shareholders are advised that the following distributions have already been
made:
* a cash distribution of 2 000 cents per CFC ordinary share held;
* an in specie distribution of Mr Price shares in the ratio of 1,67843 Mr Price
ordinary shares for every CFC ordinary share held;
* an in specie distribution of HomeChoice shares in the ratio of
3,27727 HomeChoice ordinary shares for every CFC ordinary share held, per the
announcement dated 19 December 2002; and
* a return of preference share capital and payment of arrear preference
dividends to CFC preference shareholders.
CFC ordinary shareholders are further referred to the announcement made today by
Congella Federation Limited, a subsidiary of CFC.
SECOND CASH DISTRIBUTION
CFC ordinary shareholders are advised that a second cash distribution will be
made to CFC ordinary shareholders which will comprise of
1 150 cents per CFC ordinary share held. It is anticipated that the second cash
distribution will be made in terms of the salient dates as set out below,
pursuant to which the listing of CFC ordinary shares on the JSE will be
terminated.
SALIENT DATES
The table below sets out the salient dates for the second cash distribution
to CFC ordinary shareholders and the suspension and termination of the listing
of CFC.
2003
Last day to trade in CFC ordinary shares in order
to be recorded in the register by the record date
to receive the second cash distribution Friday, 24 October
Suspension of the listing of CFC ordinary shares
on the JSE on Monday, 27 October
Record date on which CFC ordinary shareholders
must be recorded in the register to receive the
second cash distribution Friday, 31 October
The second cash distribution to CFC ordinary
shareholders will be transferred to the CSDP
or broker for CFC ordinary shareholders who
have dematerialised their CFC ordinary shares, on Monday, 3 November
Cheques in respect of the second cash distribution
to CFC ordinary shareholders will be posted to
CFC ordinary shareholders who have not
dematerialised their CFC ordinary shares, on Monday, 3 November
Termination of listing of CFC ordinary shares on
the JSE at the commencement of trade on Tuesday, 4 November
Notes:
1. These dates and times are subject to change. Any such changes will be
published on the Securities Exchange News Service and in the press.
2. No dematerialisation or rematerialisation of CFC ordinary shares will take
place after Friday, 24 October 2003.
3. CFC ordinary shareholders are advised that a further cash distribution will
be made should any cash remain after the winding-up of the Company.
Durban
30 September 2003
Investment bank and sponsor
NEDBANK CORPORATE
Attorneys
COX YEATS
Date: 30/09/2003 04:44:03 PM Produced by the JSE SENS Department
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