REVISED DETAILS OF PAYMENT TO PREFERENCE SHAREHOLD
McCARTHY LIMITED - REVISED DETAILS OF PAYMENT TO PREFERENCE SHAREHOLDERS
McCARTHY LIMITED
(Registered in the Republic of South Africa)
(Registration number 1991/003245/06)
Preference shares JSE Share code: MCCP
ISIN: ZAE000034831
("McCarthy")
REVISED DETAILS OF PAYMENT TO PREFERENCE SHAREHOLDERS
Further to the announcement dated 17 February 2004, preference shareholders are
advised that preference shares, other than those held by the consortium of
banks, will be redeemed at a price of 27.668 cents per preference share in
accordance with the terms as stipulated in the announcement dated 23 January
2004.
Preference shareholders, other than the consortium of banks ("minority
preference shareholders") are advised that, in terms of the offer by The Bidvest
Group Limited ("Bidvest"), minority preference shareholders will receive a
payment from Bidvest of 8.332 cents per preference share resulting in preference
shareholders receiving a total payment of 36 cents per preference share. In
terms of the offer, Bidvest will pay interest of 0.039 cents per preference
share (for the period between 28 February 2004 to 8 March 2004), resulting in a
total payment to minority preference shareholders from Bidvest of 8.371 cents
per preference share.
The salient dates referred to in the announcement dated 17 February 2004, remain
unchanged.
Durban
20 February 2004
Transactional Sponsor:
NEDBANK CORPORATE
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE
Date: 20/02/2004 02:44:08 PM Produced by the JSE SENS Department
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