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AMB Holdings Limited -
AMB Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/003054/06)
Share code: AMB ISIN code: ZAE 000029682
("AMB")
FULFILMENT OF CONDITION PRECEDENT
1. Fulfilment of condition precedent
AMB shareholders are referred to the AMB circular dated
19 September 2003 ("AMB circular") which contained, inter alia,
details of:
- the conditional offer extended by Heywood Investments
(Proprietary) Limited ("Heywood") to all AMB shareholders, other
than Heywood and AMB Financial Services (Proprietary) Limited
("the offer"); and
- the proposed delisting of AMB ("the delisting") from the JSE
Securities Exchange South Africa ("JSE").
Further to the announcement dated 6 October 2003, AMB
shareholders are advised that Heywood has obtained the
unconditional and unqualified approval of the Competition
Authorities for the transfer to Heywood of the AMB shares
currently warehoused by Investec Bank Limited for the benefit of a
third party, as well as for the acquisition by Heywood of any
additional AMB shares in respect of which the offer is accepted.
Accordingly, the condition precedent to which the offer and the
delisting were subject, has been fulfilled.
2. Important dates and times
2.1 AMB shareholders are advised of the following salient dates in
respect of the delisting and the offer:
2003
Last day to trade on the JSE to be eligible to
participate in the offer Friday, 17 October
Listing of AMB shares suspended on the JSE from
the commencement of business Monday, 20 October
Record date for participating in the offer Friday, 24 October
Closing date (12:30) of the offer
("the closing date") Friday, 24 October
AMB shares delisted from the JSE from the
commencement of business Monday, 27 October
Results of the offer announced on the
Securities Exchange News Service Monday, 27 October
Results of the offer published in the press Tuesday, 28 October
2.2 AMB shareholders who hold dematerialised shares are required
to notify their duly appointed Central Securities Depository
Participant ("CSDP") or broker of their acceptance of the offer in
the manner and time stipulated in the agreement governing the
relationship between the shareholder and his CSDP or broker.
2.3 AMB shareholders who hold certificated shares are required to
complete the form of acceptance and surrender ("the form of
acceptance and surrender") attached to the AMB circular, in
accordance with the instructions contained therein, to be received
by not later than 12:30 on the closing date.
2.4 The consideration due to those AMB shareholders who have
already accepted the offer will be posted or transferred at the
risk of such shareholders as soon as possible, but at least within
seven days of this announcement.
2.5 The consideration due to those AMB shareholders who have not
yet accepted the offer will be posted or transferred at the risk
of such shareholders as soon as possible after, but at least within
seven days of, receipt of the relevant documents of title and the
form of acceptance and surrender, or advice of acceptance of the
offer being received from the CSDP or broker, as the case may be.
2.6 No dematerialisation of AMB shares will take place after Friday,
17 October 2003.
Illovo
9 October 2003
Corporate adviser and joint sponsor to AMB
AMB Advisory Services Limited
Registration number 1996/016470/06
Legal adviser to AMB
WEBBER WENTZEL BOWENS
Lead sponsor to AMB
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
Corporate adviser to Heywood
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Legal adviser to Heywood
Jowell, Glyn & Marais Inc
(Registration number 1990/000849/21)
Date: 09/10/2003 01:42:15 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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