| Fri 23 Apr 2004, 17:23 | | Salient Dates Announcement |
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CCN - Salient Dates Announcement
CCN HOLDINGS LIMITED
(Incorporated In the Republic of South Africa)
(Registration number 1998/006000/06)
Share code: CCN ISIN: ZAE000046819
("CCN" or "the Company")
SALIENT DATES ANNOUNCEMENT RELATING TO:
* AN OFFER TO REPURCHASE ALL OF THE CCN ORDINARY SHARES IN ISSUE, OTHER THAN
THOSE HELD OR CONTROLLED BY THE CONTROLLING SHAREHOLDERS ("THE OFFER SHARES")
* SUSPENSION AND TERMINATION OF THE LISTING OF CCN ON THE JSE SECURITIES
EXCHANGE SOUTH AFRICA ("THE JSE")
1. INTRODUCTION
Shareholders are referred to the announcement dated 2 April 2004 relating to
an offer to CCN shareholders, other than the controlling shareholders, by way
of a share repurchase at 115 cents per share and the suspension and
termination of CCN"s listing on the JSE.
2. SALIENT DATES AND TIMES OF THE OFFER
The salient dates and times relating to the offer are as follows:
2004
Circular posted to offer shareholders on Monday, 26 April
Reviewed preliminary results published on SENS on Tuesday, 25 May
Last date to lodge forms of proxy for the general
meeting by 10:00 on Thursday, 27 May
General meeting held at 10:00 on Monday, 31 May
Results of general meeting released on SENS on Monday, 31 May
Results of general meeting announced in the press on Tuesday, 1 June
Should the offer become unconditional:
Offer opens at 09:00 on Tuesday, 1 June
Last day to trade on Friday, 2 July
Listing of CCN shares suspended on the JSE from the
commencement of business on Monday, 5 July
Offer closes at 12:00 on (see note 4) Friday, 9 July
Record date on Friday, 9 July
Cheques posted to certificated shareholders and
Central Securities Depository Participants or
broker accounts credited in respect of dematerialised
shareholders on (see note 6)
Results of the offer released on SENS on Monday, 12 July
Results of the offer announced in the press on Tuesday, 13 July
Cancellation of repurchased shares on Tuesday, 13 July
Six-week period before the compulsory acquisition of the
remaining CCN shares may take place in terms of
section 440K of the Companies Act, 61 of 1973 ("the Act")
expires on Thursday, 26 August
Listing of the CCN shares terminated on the JSE from
the commencement of business (which date will be
changed if the provisions of section 440K of the Act
are not invoked) on Friday, 27 August
Notes:
1. The abovementioned dates and times are subject to amendment.
2. The results of general meeting and whether the offer will become
unconditional will be published in the press on or about Tuesday, 1 June
2004.
3. CCN reserves the right to invoke the provisions of section 440K of the Act,
if acceptances representing not less than nine-tenths of the offer shares are
received from the offer shareholders, in which case, the notice will be
posted to offer shareholders who have not accepted the offer on Tuesday, 25
June 2004. A six-week expiry period will then take place for the compulsory
acquisition of the remaining CCN shares. Shareholders are referred to
Annexure 6 to the circular to shareholders dated 26 April 2004 in this
regard.
4. Dematerialised shareholders are required to notify their duly appointed CSDP
or broker of their acceptance of the offer in the manner and time stipulated in
the agreement governing the relationship between the shareholder and his/her
CSDP or broker.
5. Shares may not be dematerialised or rematerialised from Friday, 2 July 2004.
6. Shareholders who accept the offer by correctly completing the attached form
of acceptance and surrender will be paid within 5 days of receipt of such form
by the transfer secretaries or their CSDP.
Woodmead
26 April 2004
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 23/04/2004 05:10:03 PM Produced by the JSE SENS Department
