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Oakfields Thoroughbreds and Leisure Industries Limited - Announcement
Oakfields Thoroughbreds and Leisure Industries Limited
(Registration number 1983/013789/06)
JSE Code OKF: ISIN ZAE000005138
("the company")
ANNOUNCEMENT REGARDING:
- THE FINANCIAL EFFECTS OF THE ACQUISITION OF DIAMOND LAND MINING (PTY) LTD;
- THE PROPOSED CHANGE OF NAME;
- THE PROPOSED CONSOLIDATION OF SHARES; AND
- THE SALIENT DATES, INCLUDING AN AMENDED DATE
Further to the announcement of 12 August 2002 giving details of the proposed
acquisition by the company of the share capital in and loans against Diamond
Land Mining (Pty) Ltd ("the acquisition"), which company, through its wholly-
owned subsidiaries, owns the Frank Smith and the Loxton diamond mines, the
financial effects of the acquisition are as shown below:
For the 11 After the After Change
months ended capital acquisition (%)
30 June restructure
2003
Audited Pro forma
Number of ordinary
shares in issue (000) 110 000 22 000 122 000 +454
Loss per share (cents) (0.84) (4.19) (14.91) -256
Headline loss per share (cents) (1.43) (7.15) (15.25) -113
NAV per share (cents) 0.02 0.12 81.99 +6 822
NAV excluding goodwill (cents) 0.02 0.12 68.81 +5 724
NAV excluding goodwill and
mining rights (cents) 0.02 0.12 9.35 +7 692
It is proposed that shareholders be asked at the general meeting of shareholders
to be held on Thursday, 13 November to approve the change in the company"s name
to Good Hope Diamonds (Kimberley) Limited and the consolidation of the company"s
issued and authorised shares on the basis on one consolidated share for every
five shares currently held. The salient dates connected with the acquisition
are as set out below:
2003
Circular and notice of general meeting posted Wednesday, 22 October
Proxy forms to be lodged by 10h00 on Wednesday, 12 November
General meeting of shareholders at 10h00 on Thursday, 13 November
Results of the general meeting announced on SENS Thursday, 13 November
Results of the general meeting announced in Press Friday, 14 November
Last day to trade in pre-consolidated Oakfields shares Friday, 21 November
Amendment of listing for:
Change of name to Good Hope Diamonds
(Kimberley) Ltd Monday, 24 November
Change of sector to "Mining Resources - Diamonds" Monday, 24 November
Consolidation of existing shares on a 1 for 5 basis Monday, 24 November
Listing of consideration shares Monday, 24 November
Share certificates in the old name of Oakfields may
not be dematerialised or rematerialised after Friday, 21 November*
Share certificates posted to certificated
shareholders and accounts of dematerialised
shareholders updated with consolidated
shares in the new name Monday, 1 December
The above dates are subject to change. Any amendments will be published on SENS
and in the press.
* This differs from and supersedes the date given in the circular to
shareholders dated 22 October 2003.
Hyde Park
22 October 2003
Sponsor
LPC Manhattan Sponsors
Date: 22/10/2003 02:08:03 PM Produced by the JSE SENS Department
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