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Softline - FULFILMENT AND WAIVER OF SUSPENSIVE CONDITIONS AND NEW SALIENT DATES
AND TIMES
Softline Limited
(Incorporated in the Republic of South Africa)
(Registration number 1977/002304/06)
Share code: SFT ISIN: ZAE000012316
("Softline" or "the company")
FULFILMENT AND WAIVER OF SUSPENSIVE CONDITIONS AND NEW SALIENT DATES AND TIMES
1. Introduction
Further to the announcement dated 23 September 2003, Softline
shareholders are advised that all the suspensive conditions have now
been fulfilled or, alternatively, have been waived by Sage Software (SA)
(Proprietary) Limited, a wholly-owned subsidiary of The Sage Group plc,
and are therefore deemed to be fulfilled. The special resolutions passed
at the general meeting of Softline on 23 September 2003 will now be
submitted to the Registrar of Companies for registration.
2. Salient dates and times
In accordance with the Listings Requirements of the JSE Securities
Exchange South Africa ("JSE") and as prescribed by STRATE, the clearing
and settlement system for share transactions to be settled and the
transfer of ownership to be recorded electronically, Softline
shareholders should note the following salient dates and times:
2003
Last day to trade in Softline ordinary
shares to be recorded in the shareholders"
register of Softline as a shareholder on
the record date Friday, 14 November
Suspension of the listing of Softline ordinary
shares on the JSE from commencement of trading on Monday, 17 November
Record date for purposes of the cash payment to
Softline ordinary shareholders Friday, 21 November
Electronic transfer of funds or cheques posted
to certificated Softline ordinary shareholders Monday, 24 November
Dematerialised Softline ordinary shareholders
accounts held at their Central Securities
Depository Participants ("CSDP") or broker
credited on Monday, 24 November
Termination of the listing of Softline ordinary
shares on the JSE from the commencement of
trading on Tuesday, 25 November
*These dates and times in this announcement are subject to the Registrar of
Companies
registering the special resolutions on or before Thursday, 13 November
2003.
3. Settlement
Settlement of the distribution to Softline ordinary shareholders
will take place as follows:
3.1 Dematerialised Softline shareholders
Dematerialised Softline shareholders will have their safe custody
accounts with their CSDP or broker credited with the distribution on
Monday, 24 November 2003, in accordance with the custody agreements that
they have signed with their respective CSDP"s or brokers. Dematerialised
Softline shareholders are advised to consult their CSDP or broker should
they have any queries in this regard.
3.2 Certificated Softline shareholders
Certificated Softline shareholders will receive an electronic
transfer of funds or cheques will be posted (by ordinary mail) to them
on Monday, 24 November 2003.
Johannesburg
7 November 2003
Corporate advisor to Softline
BRAIT
Legal advisor to Softline
Read Hope Phillips Attorneys
Sponsor to Softline
Brait Sponsors (Proprietary) Limited
(Registration number 2000/031069/07)
Auditors and reporting accountants
Charles Orbach & Company
Chartered Accountants (SA) Registered Accountants & Auditors
Legal advisor to Sage
Bowman Gilfillan
John & Kernick
Findlay & Tait
Independent advisor to minorities
KPMG
Corporate advisors to Sage
Deutsche Securities
Member of the Deutsche Bank Group
Deutsche Securities (SA) (Proprietary) Limited
(Registration number 1995/011798/07)
and
Deutsche Bank
Date: 07/11/2003 03:30:11 PM Produced by the JSE SENS Department
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