| Thu 30 Oct 2003, 16:12 | | Conversion and redemption of the 5.5% cumulative p |
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TIGER BRANDS LIMITED - CONVERSION AND REDEMPTION OF THE 5.5% CUMULATIVE
PREFERENCE SHARES AT PAR, BEING R2 PER PREFERENCE SHARE("THE PROPOSAL")
Tiger Brands Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
(Share code: TBS ISIN: ZAE000023560)
(Share code: TBSP ISIN: ZAE000023578)
("Tiger Brands" or "the Company")
Conversion and redemption of the 5.5% cumulative preference shares at par, being
R2 per preference share("the Proposal")
1. Shareholder approval of the Proposal
Shareholders are advised that the special resolutions required to implement the
Proposal, were today passed by the requisite majorities at the general meeting
of preference shareholders and a combined general meeting of ordinary and
preference shareholders. It is expected that the special resolutions will be
registered by the Registrar of Companies by Friday, 31 October 2003, which will
permit the implementation of the Proposal to proceed according to the timetable
below, all other conditions precedent having now been satisfied. Should the
registration not take place by this date, shareholders will be advised on SENS
and in the South African press of a revised timetable.
2. Timetable for the implementation of the proposal
Last day to trade in the Friday, 7 November
preference shares 2003
Suspension of trade in the Monday, 10 November
preference shares at commencement 2003
of trade on
Record date for the Proposal Friday, 14 November
2003
Payment and redemption date in Monday, 17 November
terms of the Proposal 2003
Termination of the listing of the Tuesday, 18 November
preference shares on the JSE at 2003
the commencement of trade
No dematerialisation or rematerialisation of preference share certificates or
transfer of preference shares between the SA and UK register will be possible
after 7 November 2003.
3. Payment of redemption monies
Preference shareholders whose shares are held in dematerialised form will have
their CSDP or brokers" accounts automatically credited with the proceeds of the
redemption on Monday 17 November 2003 and hence need take no further action.
Preference shareholders whose shares are still in certificated form are required
to surrender their certificates to the Company"s transfer secretaries, together
with a completed surrender form, in order to receive the proceeds of the
redemption. The surrender form is also obtainable from the transfer secretaries
whose address, for preference shareholders on the South African register is
Computershare Limited, 70 Marshall Street, Johannesburg, 2001 (PO Box 61051,
Marshalltown, 2107). For preference shareholders on the United Kingdom
register, the transfer secretaries" address is Computershare Investor Services
PLC, PO Box 82, The Pavilions, Bridgwater Road, Bristol, BS99 7NH. Preference
shareholdes on the UK register will receive the proceeds of the redemption in
Sterling, at the exchange rate prevailing at the close of business in South
Africa on 7 November 2003.
Preference shareholders who have surrendered their share certificates in
anticipation of the implementation of the Proposal will have the proceeds of the
redemption mailed to them or transferred to their bank accounts, according to
their instruction and need take no further action.
Sandton
30 October 2003
Sponsor
CAZENOVE
Corporate law advisers and consultants
EDWARD NATHAN & FRIEDLAND
EDWARD NATHAN & FRIEDLAND (PTY) LTD
(Registration number 1999/026464/07)
www.enf.co.za
Date: 30/10/2003 04:09:48 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
