| Tue 17 Feb 2004, 8:42 | | Implementation and Results of the odd-lot offer |
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Paracon Holdings Limited -Paracon Holdings Limited - Implementation and Results of the odd-lot offer
Paracon Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1997/008181/06
ISIN: ZAE000029674
Share code: PCN
("Paracon" or "Company")
Implementation of the odd-lot offer
Ordinary shareholders are advised that the odd-lot offer to ordinary
shareholders who held fewer than 1000 ordinary shares in Paracon ("odd-lot
holders") as at close of business on Friday, 13 February 2004 ("odd-lot
holdings") has been duly implemented.
Results of the odd-lot offer
The total number of ordinary shares made available by 415 odd-lot holders who
elected to sell their odd-lot holdings and by 373 who failed to make an election
and were therefore deemed to have sold their holdings is 294 234 ordinary
shares. These shares have been acquired at 65 cents per ordinary share (being
the offer price plus 5% premium as announced on 29 January 2004), amounting to a
total cash consideration of R191 252,10.
The total number of ordinary shares purchased by 85 odd-lot holders who elected
to purchase sufficient additional ordinary shares to increase their odd-lot
holdings to holdings of 1000 ordinary shares is 49 968 ordinary shares, which
shares have been allocated by Paracon at 62 cents per ordinary share for a total
cash consideration of R30 980,16.
Odd-lot holders who hold certificated ordinary shares
New share certificates will be posted by registered post and cheques/electronic
transfers will be posted/effected in respect of ordinary shareholders holding
share certificates against surrender of existing documents of title, on or about
Monday, 16 February 2004, at the risk of such odd-lot holders.
All odd-lot holders who elected to sell their odd-lot holdings or who failed to
make an election and were therefore deemed to have sold their odd-lot holdings
and who have not submitted their relevant documents of title to the transfer
secretaries, Computershare Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001 (PO Box 1053, Johannesburg, 2000), are reminded to do so in
order for payment in respect of their sold odd-lot holdings to be released or
effected. These odd-lot holders are also reminded that their documents of title
will no longer be good for trade on the JSE after Friday, 6 February 2004.
All documents of title received by the transfer secretaries by 12:00 on Friday,
13 February 2004 were attended to and new share certificates will be despatched
by registered post from Monday, 16 February 2004 at the risk of the odd-lot
holders concerned. All documents of title received thereafter will be attended
to and cheques will be despatched within five business days of receipt of the
existing documents of title.
Odd-lot holders who hold dematerialised ordinary shares
On Monday, 16 February 2004 odd-lot holders" accounts with the Central
Securities Depository Participant or broker selected by that odd-lot holder will
be updated and/or debited/credited as a result of the implementation of the odd-
lot offer.
Johannesburg
16 February 2004
Investment bank and Sponsor
Nedbank Corporate
Attorneys
Werksmans
Date: 17/02/2004 07:01:02 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
Paracon Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1997/008181/06
ISIN: ZAE000029674
Share code: PCN
("Paracon" or "Company")
Implementation of the odd-lot offer
Ordinary shareholders are advised that the odd-lot offer to ordinary
shareholders who held fewer than 1000 ordinary shares in Paracon ("odd-lot
holders") as at close of business on Friday, 13 February 2004 ("odd-lot
holdings") has been duly implemented.
Results of the odd-lot offer
The total number of ordinary shares made available by 415 odd-lot holders who
elected to sell their odd-lot holdings and by 373 who failed to make an election
and were therefore deemed to have sold their holdings is 294 234 ordinary
shares. These shares have been acquired at 65 cents per ordinary share (being
the offer price plus 5% premium as announced on 29 January 2004), amounting to a
total cash consideration of R191 252,10.
The total number of ordinary shares purchased by 85 odd-lot holders who elected
to purchase sufficient additional ordinary shares to increase their odd-lot
holdings to holdings of 1000 ordinary shares is 49 968 ordinary shares, which
shares have been allocated by Paracon at 62 cents per ordinary share for a total
cash consideration of R30 980,16.
Odd-lot holders who hold certificated ordinary shares
New share certificates will be posted by registered post and cheques/electronic
transfers will be posted/effected in respect of ordinary shareholders holding
share certificates against surrender of existing documents of title, on or about
Monday, 16 February 2004, at the risk of such odd-lot holders.
All odd-lot holders who elected to sell their odd-lot holdings or who failed to
make an election and were therefore deemed to have sold their odd-lot holdings
and who have not submitted their relevant documents of title to the transfer
secretaries, Computershare Limited, Ground Floor, 70 Marshall Street,
Johannesburg, 2001 (PO Box 1053, Johannesburg, 2000), are reminded to do so in
order for payment in respect of their sold odd-lot holdings to be released or
effected. These odd-lot holders are also reminded that their documents of title
will no longer be good for trade on the JSE after Friday, 6 February 2004.
All documents of title received by the transfer secretaries by 12:00 on Friday,
13 February 2004 were attended to and new share certificates will be despatched
by registered post from Monday, 16 February 2004 at the risk of the odd-lot
holders concerned. All documents of title received thereafter will be attended
to and cheques will be despatched within five business days of receipt of the
existing documents of title.
Odd-lot holders who hold dematerialised ordinary shares
On Monday, 16 February 2004 odd-lot holders" accounts with the Central
Securities Depository Participant or broker selected by that odd-lot holder will
be updated and/or debited/credited as a result of the implementation of the odd-
lot offer.
Johannesburg
16 February 2004
Investment bank and Sponsor
Nedbank Corporate
Attorneys
Werksmans
Date: 17/02/2004 07:01:02 AM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
