PEPKOR LIMITED - FINALISATION OF SUSPENSIVE CONDIT
PEPKOR LIMITED - FINALISATION OF SUSPENSIVE CONDITIONS FOR SUSPENSION OF LISTING
OF PEPKOR ORDINARY SHARES
PEPKOR LIMITED
Making the desirable affordable
(Incorporated in the Republic of South Africa)
(Registration number 1965/007765/06)
JSE Share Code: PEP
ISIN: ZAE 000005344
("Pepkor" or "the Company")
FINALISATION OF SUSPENSIVE CONDITIONS FOR SUSPENSION OF LISTING OF THE PEPKOR
ORDINARY SHARES
Shareholders are advised that the suspensive conditions which were required to
be fulfilled prior to the suspension of the listing of the Pepkor ordinary
shares on the JSE Securities Exchange South Africa ("JSE"), namely the approval
of the scheme of arrangement in terms of Section 311 of the Companies Act (act
61 of 1973),as amended ("the Scheme") by the Competition Authorities and the
South African Reserve Bank, have been fulfilled.
The Scheme remains subject to the suspensive condition that South African
Private Equity Fund III LP ("SAPEF") and South African Private Equity Trust III
("SAPET") both private equity funds under the management of Brait S.A,
collectively, is assured of obtaining not less than 15% of the total issued
share capital of Castellina Investments (Proprietary) Limited ("Castellina")
(after taking into account the Castellina ordinary shares to be issued in terms
of the Scheme and the issue of Castellina ordinary shares to a trust in terms of
the new executive share incentive scheme), provided that this condition shall be
deemed to be fulfilled if SAPEF and SAPET inform Castellina and Pepkor in
writing that they waive the benefits of this condition. This condition can only
be met once sufficient elections and surrenders have been received from
shareholders.
Accordingly, the important dates and times remain as set out in the announcement
to shareholders dated Thursday, 15 January 2004. The election and surrender
circular will be posted to shareholders on Monday, 2 February 2004.
Cape Town
23 January 2004
Transaction and lead sponsor:
Exchange Sponsors
Sponsor to Pepkor:
BJM
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