|
AFROX HEALTHCARE LIMITED - COURT HEARING TO SANCTION THE SCHEME OF ARRANGEMENT
AND POSTPONEMENT OF THE LAST DAY TO TRADE
BUSINESS VENTURE INVESTMENTS AFROX HEALTHCARE LIMITED
NO. 790 (PROPRIETARY) (Incorporated in the
LIMITED Republic of South Africa)
(Incorporated in the (Registration number:
Republic of South Africa) 1985/001313/06)
(Registration number: Share code: AHH
2003/002733/07) ISIN: ZAE000022059
("Bidco") ("Ahealth")
COURT HEARING TO SANCTION THE SCHEME OF ARRANGEMENT AND POSTPONEMENT OF: THE
LAST DAY TO TRADE ON THE JSE SECURITIES EXCHANGE SOUTH AFRICA ("JSE") FOR
SHAREHOLDERS TO BE ELIGIBLE TO RECEIVE THE SCHEME CONSIDERATION; AND REMAINING
SALIENT DATES
Further to the announcement dated 26 February 2004 in which it was stated that
the scheme of arrangement proposed by Bidco between Ahealth and its shareholders
(the "scheme") had been approved by the requisite majority at the scheme
meeting, shareholders of Ahealth are advised that application will be made by
Ahealth to the High Court of South Africa (Witwatersrand Local Division) (the
"Court") on Tuesday, 6 April 2004 at 10:00 or as soon thereafter as counsel may
be heard for an order sanctioning the scheme.
The implementation of the scheme is still subject to the following conditions
precedent:
* the scheme is sanctioned by the Court;
* a certified copy of the Order of Court sanctioning the scheme is duly
registered by the Registrar of Companies in terms of the Companies Act; and
* all and any approvals required from the Competition Commission or Tribunal in
terms of the Competition Act, 89 of 1998, for the implementation of the
transaction are duly obtained.
As the Competition Commission and Tribunal are still to provide their
recommendation and decision, respectively, the last day to trade on the JSE for
Ahealth shareholders to be eligible to receive the scheme consideration has been
postponed from Wednesday, 7 April 2004 to a date to be advised. Due to this, the
remaining salient dates have also been postponed. A further announcement
incorporating the revised salient dates and advising on the fulfilment of the
remaining conditions precedent will be made in due course.
Johannesburg
2 April 2004
Financial adviser to Bidco Independent adviser and
Rothschild transaction sponsor to
Ahealth
Deutsche Securities
Legal adviser to Bidco Sponsor to Ahealth
Hofmeyr Herbstein & Gihwala Nedbank Capital
Inc
Competition law advisers to
Ahealth
Edward Nathan & Friedland
Date: 02/04/2004 03:07:37 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
