KOLOSUS HOLDINGS Limited - RESULT OF THE CLAWBACK RIGHTS OFFER
KOLOSUS HOLDINGS Limited
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1978/000181/06)
("KOLOSUS" OR "THE COMPANY")
NSX Share code: KOS
JSE Share code: KOL
ISIN: ZAE00008504
RESULT OF THE CLAWBACK RIGHTS OFFER
PSG Capital Limited is authorised to announce that 127 998 699 new Kolosus
shares, being 91,36% of the clawback rights offer of 140 100 000 Kolosus shares
at 100 cents per share and 0,01% of the clawback rights offer shares to which
Kolosus shareholders, other than Daun et Cie Aktiengesellschaft ("Daun") were
entitled, have been subscribed for by the shareholders of Kolosus or their
renouncees when the clawback offer closed on Friday, 19 December 2003.
The balance of the clawback rights offer of 12 101 301 shares in Kolosus have
been taken up by Daun in its capacity as original investor in terms of the
clawback rights offer at the record date.
Certificated shareholders will have the share certificates in respect of the
rights shares posted to them and dematerialised shareholders will have their
safe custody accounts with their Central Securities Depository participants
("CSDPs") or brokers credited today with the rights shares subscribed for in
terms of the clawback rights offer.
Following the clawback rights offer and the acquisition on 12 November 2003 by
Daun of 6 900 000 Kolosus shares from Seton Company USA, pursuant to the
exercise by Seton of a put option in respect of such shares, Daun holds 97,82%
of Kolosus"s share capital.
Johannesburg
22 December 2003
Sponsor and corporate Attorneys Reporting Accountants
advisers
PSG CAPITAL LIMITED HOFMEYR HERBSTEIN PRICEWATERHOUSE-COOPERS INC.
GIHWALA INC. Chartered Accountants (SA)
Investor in terms of the Sponsoring broker in Namibia
clawback rights offer
DAUN & CIE. SIMONIS STORM SECURITIES (PTY) LIMITED
AKTIEN-GESELLSCHAFT Member of the NSX
Date: 22/12/2003 05:32:02 PM
Produced by the JSE SENS Department
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