Onelogix - Repurchase Of Shares And Mandatory Offer -
Results Of General Meeting And Salient Dates Of Offer
Onelogix Group Limited
Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
Share code OLG ISIN: ZAE000026399
(Onelogix )
REPURCHASE OF SHARES AND MANDATORY OFFER -
RESULTS OF GENERAL MEETING AND SALIENT DATES OF OFFER
Java Capital is authorised to announce that at the general meeting of Onelogix
shareholders held at 11:00 on 14 May 2004, shareholders resolved, by the
requisite 75% majority, that Onelogix:
- repurchase 83 768 685 of its ordinary shares (constituting approximately
30% of its issued share capital) from Corpcapital Limited for a price per
share of 12,416 cents (the specific repurchase); and
- make an offer to acquire the remaining 196 605 922 Onelogix shares (the
offer) for 12,416 cents per share.
Payment in respect of the specific repurchase will be effected by Onelogix, in
an amount of 12,416 cents per share, on Wednesday, 19 May 2004.
The salient dates of the offer, which is now unconditional, are set out below.
2004
Last day to participate in the offer Friday, 21 May
Shares trade ex the right to participate
in the offer Monday, 24 May
Record date in respect of the offer Friday, 28 May
Offer closes at 12:00 (see note 2) Friday, 28 May
Cheques posted or funds electronically
transferred to certificated shareholders
on or about Monday, 31 May
Dematerialised shareholders accounts
credited or updated Monday, 31 May
Announcement of acceptance levels on SENS Monday, 31 May
Announcement of acceptance levels in press Tuesday, 1 June
Shares delisted and cancelled on or about Tuesday, 1 June
Notes:
1. Shares may not be de-materialised or re-materialised between Monday,
24 May 2004 and Friday, 28 May 2004, both dates inclusive.
2. Dematerialised shareholders are required to notify their 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 its CSDP
or broker.
Rosebank
14 May 2004
Corporate and legal advisor and sponsor
Java Capital (Pty) Limited
Reporting Accounranrs and Independent Expert
Fisher Hoffman PKF (Jhb) Inc.
Date: 14/05/2004 12:42:04 PM Produced by the JSE SENS Department
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