Pepkor Limited - Fulfilment Of Suspensive Conditio
Pepkor Limited - Fulfilment Of Suspensive Conditions And Settlement Of Scheme
Consideration
Pepkor Limited
Making the desirable affordable
(Incorporated in the Republic of South Africa)
(Registration number 1965/007765/06)
Ordinary Share Code: PEP
ISIN: ZAE 000005344
("Pepkor" or "the Company")
1. FULFILMENT OF SUSPENSIVE CONDITIONS AND SETTLEMENT OF SCHEME CONSIDERATION
Fulfilment of remaining suspensive condition
Shareholders are advised that all the suspensive conditions to the scheme of
arrangement in terms of Section 311 of the Companies Act (Act 61 of 1973), as
amended proposed by Pepkor Holdings Limited (formerly Castellina Investments
(Proprietary) Limited) ("Pepkor Holdings") between Pepkor and its shareholders
("the Scheme") have now been fulfilled.
2. Settlement of scheme consideration
2.1 The scheme consideration will be forwarded to dematerialised scheme
participants who validly lodged their elections (and, in the case of
certificated scheme participants also lodged their surrender documents) with the
transfer secretaries during the election period that closed at 14:30 on Friday,
20 February 2004, within five business days from the date of this announcement.
2.2 Scheme participants are reminded that if they did not make a valid
election during the election period in terms of the instructions contained in
the circular dated Monday, 2 February 2004, they will be deemed to have elected
the cash consideration in respect of all their Pepkor ordinary shares.
2.3 Scheme participants who elected the reinvestment alternative will be
forwarded a Pepkor Holdings share certificate and letters reflecting the amounts
of the loan claims that have been credited to them in terms of the reinvestment
alternative, within five business days from the date of this announcement.
3. Delisting of Pepkor ordinary shares
The JSE Securities Exchange South Africa ("JSE") has approved the termination of
the listing on the JSE of Pepkor"s ordinary shares. It is expected that the
termination of the listing of the Company will take place at the commencement of
trading on Wednesday, 3 March 2004.
Cape Town
23 February 2004
Transaction and lead Sponsor to Pepkor
sponsor
- Exchange Sponsors - BJM
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