| Mon 24 Nov 2003, 9:06 | | ANNOUNCEMENT |
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CCN HOLDINGS LIMITED - ANNOUNCEMENT
CCN Holdings Limited
(formerly NetActive Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/006000/06)
Share code: CCN ISIN: ZAE000046819
("CCN")
SALIENT DATES ANNOUNCEMENT PERTAINING TO THE SPECIFIC REPURCHASE OF SHARES
FROM SELECTED SHAREHOLDERS AND THE VOLUNTARY OFFER TO PUBLIC MINORITY
SHAREHOLDERS AT A PRICE OF 85 CENTS PER SHARE
Further to the announcements dated 29 September 2003 and 3 November 2003,
which set out, inter alia, the terms of the specific repurchase and the
voluntary offer to public minority shareholders ("the voluntary offer"), a
circular pertaining thereto, incorporating a notice convening a general
meeting to consider and approve the specific repurchase and the voluntary
offer, will be mailed to shareholders today, Monday, 24 November 2003.
The salient dates and times pertaining to the specific repurchase and the
voluntary offer are as follows:
2003
Last day to lodge form of proxy in respect of
general meeting by 10:00 on Monday, 15 December
General meeting to be held at 10:00 on Wednesday, 17 December
Results of general meeting published on the
Securities Exchange News Service ("SENS") on Wednesday, 17 December
Results of general meeting published in the press on Thursday, 18 December
Voluntary offer opens at 09:00 on Monday, 22 December
Payment of specific repurchase consideration and
cancellation and de-listing of these ordinary shares on Monday, 22 December
Cancellation and de-listing of shares held as
treasury stock on Monday, 22 December
2004
Last day to trade in order to participate in the
voluntary offer on Friday, 16 January
Shares trade "ex voluntary offer", on the JSE
Securities Exchange South Africa from Monday, 19 January
Voluntary offer closes at 14:30 on Friday, 23 January
Record date in respect of the voluntary offer on Friday, 23 January
Results of the voluntary offer published on SENS on Monday, 26 January
Results of the voluntary offer published in the press on Tuesday, 27 January
Notes:
1. These dates and times are subject to change. Any such change will be
published on SENS and in the press.
2. Any person purchasing shares in CCN after the last day to trade, being
Friday, 16 January 2004, will not be entitled to participate in the
voluntary offer.
3. Certificated shareholders who accept the voluntary offer by no later than
the record date (Friday, 23 January 2004, the closing date of the offer),
will receive the offer consideration within five business days of receipt of
their documents of title, together with a properly completed form of
acceptance, surrender and transfer, by the transfer secretaries. It is
recommended, if the documents are posted and not hand delivered, that they
are sent by registered post. Cheques in respect of acceptances of the
voluntary offer will be posted to the relevant CCN shareholders or
electronic payment will be made depending on the instructions contained in
the completed form of acceptance, surrender and transfer.
4. Dematerialised shareholders are required to notify their duly appointed
Central Securities Depository Participant ("CSDP") or broker of their
acceptance of the voluntary offer in the manner and time stipulated in the
agreement with the CSDP or broker. Accounts held with their CSDP or broker
will be credited and updated within five business days after the transfer
secretaries have received instructions from STRATE, who would in turn be
advised by the relevant CSDP.
Woodmead
24 November 2003
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Reporting accountants and independent advisers
Fisher Hoffman PKF (Jhb) Inc.
Chartered Accountants (SA)
Registered Accountants & Auditors
(Registration number 1994/001166/21)
Date: 24/11/2003 07:05:03 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
