Free State Development/ Randgold - Court Sanctioning of the Scheme
- Remaining Salient Dates
Free State Development and Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/016931/06)
(Share code: FRE ISIN: ZAE000002739)
("FSD")
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG ISIN: ZAE000008819
Nasdaq trading symbol: RANGY
("Randgold & Exploration")
- COURT SANCTIONING OF THE SCHEME
- REMAINING SALIENT DATES
1. COURT SANCTIONING OF THE SCHEME
NewFound Capital and River Sponsors are authorised to announce that the
scheme of arrangement proposed by Randgold & Exploration between FSD and
shareholders of FSD, other than JCI Limited ("the scheme"), was sanctioned by
the High Court of South Africa (Transvaal Provincial Division) on Tuesday, 11
November 2003.
2. REMAINING SALIENT DATES
The implementation of the scheme is subject to the Order of Court sanctioning
the scheme being registered by the Registrar of Companies and the approval of
the Competition Commission. As the approval of the Competition Commission will
not be obtained before Thursday, 13 November 2003, the scheme will not be
implemented in accordance with the salient dates announced on 2 October 2003.
Shareholders will be advised of the registration of the Order of Court
sanctioning the scheme and the amended salient dates applicable to the
implementation of the scheme upon receipt of the approval of the Competition
Commission.
Johannesburg
11 November 2003
Corporate adviser to FSD
NEWFOUND
Corporate law adviser to FSD
TABACKS
Sponsor to FSD
RIVER GROUP
Sponsor to Randgold & Exploration
HSBC
Date: 11/11/2003 04:48:02 PM Supplied by www.sharenet.co.za
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