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KOLOSUS HOLDINGS LIMITED - SALIENT DATES OF THE CLAWBACK RIGHTS OFFER
KOLOSUS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1978/000181/06)
Share code: KOS
ISIN: ZAE000008504
NSX share code: KOL
("Kolosus" or "the company")
SALIENT DATES OF THE CLAWBACK RIGHTS OFFER
1. LISTING
Further to the announcement published in the press on 3 November 2003, PSG
Capital is authorised to announce that the JSE Securities Exchange South
Africa ("the JSE") and the Namibian Stock Exchange ("the NSX") have granted
listings for:
* 140 100 000 renounceable (fully paid) letters of allocation ("the
letters of allocation") to be issued in terms of the clawback rights
offer from Monday, 24 November 2003 to Thursday, 11 December 2003,
both days inclusive; and
* 140 100 000 new ordinary shares of 20 cents each ("clawback rights
offer shares") to be issued in terms of the clawback rights offer of
500 clawback rights offer shares for every 100 Kolosus shares held, at
an issue price of 100 cents per clawback rights offer share (ie 5
cents per share prior to the 1-for-20 share consolidation which
becomes effective on 17 November 2003), from the commencement of
business on Friday 12 December 2003.
2. SALIENT DATES
2003
The consolidation of the company"s share
capital on a 1-for-20 basis effective at
the commencement of business on Monday, 17 November
Last day to trade Kolosus shares in
order to qualify to participate in
the clawback rights offer (cum
entitlement) on Friday, 21 November
Ex rights date - Kolosus shares
trade ex the clawback rights from
commencement of business on Monday, 24 November
Listing of letters of allocation
(based on the consolidated position)
commences at 09:00 on Monday, 24 November
Record date for participation in the
clawback rights offer on Friday, 28 November
Circular and form of offer and
instruction posted to certificated
shareholders recorded in the relevant
share register at the record date on Monday, 1 December
Certificated shareholders will have
their entitlement credited to a safe
custody account at Computershare
Limited on Monday, 1 December
Circular and rights entitlements issued
to Central Securities Depository
Participant ("CSDP") or broker of
dematerialised shareholders on Monday, 1 December
CLAWBACK RIGHTS OFFER OPENS AT 09:00 ON Monday, 1 December
Last day for trading in letters of
allocation in order to be settled by
17:00 on Friday, 19 December 2003 Thursday, 11 December
Listing of clawback rights offer shares
commences on Friday, 12 December
CLAWBACK RIGHTS OFFER CLOSES AT 14:30
AND PAYMENT TO BE MADE BY CERTIFICATED
SHAREOLDERS ON (see note 4 below) Friday, 19 December
Record date for letters of allocation on Friday, 19 December
Entitlements in terms of the clawback
rights offer available on Monday, 22 December
Share certificates issued (in terms
of the clawback rights offer) to
certificated shareholders, safe
custody accounts of dematerialised
shareholders credited and accounts
debited with their CSDP or
broker on Monday, 22 December
Results of the clawback rights offer
announced on SENS on Monday, 22 December
Results of the clawback rights offer
published in the press on Tuesday, 23 December
Notes:
1. Kolosus"s primary listing is on the JSE with a secondary listing on the
NSX.
2. Share certificates in respect of Kolosus shares may not be dematerialised
or rematerialised between Monday, 24 November 2003 and Friday, 28 November
2003, both days inclusive.
3. CSDPs effect payment on a delivery against payment method in respect of
holders of dematerialised Kolosus shares.
4. Holders of dematerialised Kolosus shares are required to notify their duly
appointed CSDP or broker of their acceptance of the clawback rights offer
in the manner and time stipulated in the agreement governing the
relationship between them and their CSDP or broker.
3. REGISTRATION
The clawback rights offer documentation will be lodged with the Registrar
of Companies in South Africa for registration.
4. POSTING AND INSPECTION OF DOCUMENTS
4.1 Copies of the letter of allocation and the accompanying circular
giving full details of the clawback right offer will be posted to
certificated shareholders of Kolosus on 1 December 2003.
4.2 Copies of the aforementioned documents, available in English only, may
be inspected at the following addresses from the commencement of
business on Friday, 21 November 2003:
* Kolosus, 1st Floor, Podium Building 3, Corner of Atterbury
and Lois Roads, Menlyn, Pretoria;
* PSG Capital Limited, Woodmead Estate, 1 Woodmead Drive,
Woodmead, Johannesburg.
Pretoria
6 November 2003
Sponsor and corporate advisers:
PSG CAPITAL
Attorneys:
Hofmeyr Herbstein Gihwala Cluver & Walker Inc.
(Registration number 1997/001523/21)
Reporting accountants and auditors:
PricewaterhouseCoopers Inc.
Chartered Accountants (SA)
Registered Accountants & Auditors
(Registration no. 1998/012055/21)
Investor in terms of the clawback rights offer:
DAUN & CIEE
AKTIENGESELLSCHAFT
Sponsoring broker in Namibia:
SIMONIS STORM
Securities
Date: 06/11/2003 05:27:20 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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