| Fri 14 Nov 2003, 14:04 | | SALIENT DATES OF THE MANDATORY CASH OFFER TO KUMBA |
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ANGLO AMERICAN PLC - SALIENT DATES OF THE MANDATORY CASH OFFER TO KUMBA
SHAREHOLDERS
ANGLO AMERICAN PLC
(Incorporated in the United Kingdom)
(Registration number 3564138)
JSE code: AGL
ISIN: GB0004901517
("Anglo American")
SALIENT DATES OF THE MANDATORY CASH OFFER TO KUMBA SHAREHOLDERS
1. INTRODUCTION
On Friday, 31 October 2003 shareholders of Kumba Resources Limited
("Kumba") were advised that Anglo American, through its wholly owned
subsidiary Anglo South Africa (Proprietary) Limited ("ASAC"), had increased
its beneficial shareholding in Kumba to over 35% and that ASAC would be
extending a mandatory cash offer to Kumba shareholders, other than Anglo
American and its concert parties.
In terms of the offer, ASAC will irrevocably and unconditionally offer to
acquire all of the shares held by Kumba shareholders, other than Anglo
American and its concert parties, for a cash consideration of 3 700 cents
per share.
2. SALIENT DATES AND TIMES
Set out below are the salient dates and times of the offer:
2003
Offer opens at 09:00 Friday, 14
November
Last day to trade to be eligible to participate
in the offer Friday, 28 November
Kumba shares trade "ex" the offer Monday, 1 December
Record date to participate in the offer at the
close of business Friday, 5 December
Offer closes at 12:00 noon Friday, 5 December
Results of offer announcement published on
Securities Exchange News Service ("SENS") Monday, 8 December
Results of offer announcement published in
the press Tuesday, 9 December
In the case of a dematerialised Kumba shareholder, payment will be made
by crediting your account at your Central Securities Depository Participant
("CSDP") or broker, as the case may be, as soon as possible after, but at
least within five business days of the day of receipt of a valid acceptance
by the transfer secretaries.
In the case of a certificated Kumba shareholder, payment will be made by
cheque or deposited directly into your bank account, whichever you
instruct, at the risk of the Kumba shareholder concerned, as soon as
possible after, but at least within five business days of the day on which
a valid form of acceptance and surrender and relevant documents of title
are received by the transfer secretaries.
Notes:
1. Kumba shareholders should note that as trade in Kumba shares is
settled through the STRATE system, settlement of trades takes place
five business days after the date of the trade. Accordingly, any
person who acquires Kumba shares after the last day to trade, being
Friday, 28 November 2003, will not be recorded as a Kumba shareholder
by the record date, being Friday, 5 December 2003, and such person
will, therefore, not be eligible to participate in the offer.
2. ASAC reserves, in its sole and absolute discretion, the right to
extend the offer period and, therefore, the closing date, in which
event all amended dates and times relating to the offer will be
published on SENS and in the Business Day and Beeld, being English and
Afrikaans language newspapers circulating in South Africa.
3. Shares cannot be dematerialised or rematerialised between Monday,
1 December 2003 and Friday, 5 December 2003, both days inclusive.
4. If you have dematerialised your Kumba shares and wish to accept the
offer, you must notify and instruct your CSDP or broker, as the case
may be, of your acceptance of the offer in the manner stipulated in
the agreement governing your relationship with your CSDP or broker, by
the time and date stipulated by your CSDP or broker and instruct them
to deliver electronically your Kumba shares against payment of the
offer consideration.
5. All dates and times indicated are references to South African dates
and times.
3. DOCUMENTATION
A circular setting out full details of the offer to Kumba shareholders has
received all regulatory approvals and will be posted to Kumba shareholders
today.
Not for release, publication or distribution in or into the United States or
Canada
Johannesburg
14 November 2003
Financial adviser to Anglo American and ASAC:
Deutsche Securities
Member of the Deutsche Bank Group
Deutsche Securities (SA) (Proprietary) Limited
(Registration number 1995/011798/07)
Attorneys to Anglo American and ASAC:
Webber Wentzel Bowens
Sponsor to Anglo American:
CAZENOVE
Reporting accountants:
Deloitte & Touche Chartered Accountants (SA)
Registered Accountants and Auditors
Date: 14/11/2003 02:00:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
