|
AVGOLD / HARMONY - SANCTIONING OF THE SCHEME OF ARRANGEMENT AND REMAINING
SALIENT DATES
Avgold Limited
(Registration number 1990/007025/06)
(Incorporated in the Republic of South Africa)
JSE share code: AVG
ISIN: ZAE000012175
("Avgold")
Harmony Gold Mining Company Limited
(Registration number 1950/038232/06)
(Incorporated in the Republic of South Africa)
JSE share code: HAR
ISIN: ZAE000015228
("Harmony")
SANCTIONING OF THE SCHEME OF ARRANGEMENT AND REMAINING SALIENT DATES
1. Introduction
Shareholders of Avgold and Harmony are advised that:
* at the meeting held on 3 May 2004, the requisite majority of Avgold
shareholders approved the scheme of arrangement proposed by Harmony in
terms of section 311 of the Companies Act, 1973 (Act 61 of 1973), as
amended, between Avgold and its shareholders ("the scheme"), in terms
of which Harmony will acquire the Avgold shares from Avgold
shareholders by issuing one fully paid-up Harmony share for every 10
Avgold shares held on Friday 21 May 2004 (the "scheme consideration");
* the scheme was sanctioned by the High Court of South Africa (Transvaal
Provincial Division) on Tuesday 11 May 2004; and
* a copy of the Order of Court sanctioning the scheme will be lodged
with the Registrar of Companies for registration shortly.
On registration of the Order of Court by the Registrar of Companies, the
last of the conditions precedent will have been fulfilled and the scheme
will become operative on Monday 24 May 2004.
2. Reminder Of Remaining Salient Dates
2004
Last day to trade for Avgold Friday 14 May
shareholders wishing to receive the
scheme consideration (note 1)
Suspension of listing of Avgold Monday 17 May
shares at commencement of trading on
Consideration record date, being the Friday 21 May
date on which Avgold shareholders
must be recorded in the share
register of Avgold to receive the
scheme consideration on
Operative date of the scheme at Monday 24 May
commencement of trading on
Scheme consideration posted to Monday 24 May
certificated scheme participants (if
documents of title are received on or
prior to the consideration record
date) on (note 2)
Dematerialised scheme participants Monday 24 May
have their safe custody accounts held
at their Central Securities
Depository Participant or broker
updated with the scheme consideration
on
Termination of listing of Avgold Tuesday 25 May
shares on the JSE Securities Exchange
South Africa at commencement of
trading on
Notes:
1. No dematerialisation or rematerialisation of Avgold share certificates
will take place after Friday 14 May 2004.
2. Failing receipt of documents of title by the transfer secretaries on
or before the consideration record date, share certificates in respect
of the scheme consideration will be posted by the transfer secretaries
to certificated scheme participants within five business days of
receipt of the documents of title.
3. All dates and times referred to in this announcement are South African
dates and times.
Johannesburg
11 May 2004
Independent advisor and sponsor to Avgold:
Merrill Lynch South Africa (Pty) Limited
Attorneys to Avgold:
Deneys Reitz Inc.
Reporting accountants:
PricewaterhouseCoopers Inc.
Independent technical advisor:
Steffen, Robertson and Kirsten
Financial advisor to Harmony:
JP Morgan Chase Bank
Sponsor to Harmony:
JP Morgan Equities Limited
Attorneys to Harmony:
Cliffe Dekker Inc.
Date: 11/05/2004 02:00:11 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 ] | |||||||||||||
|
|||||||||||||
