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ILIAD AFRICA LIMITED - RESULTS OF THE ODD LOT OFFER
ILIAD AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/011938/06)
Share code: ILA ISIN: ZAE000015038
(`Iliad`)
RESULTS OF THE ODD LOT OFFER
1. Implementation of the odd lot offer
Shareholders are advised that the odd lot offer to shareholders who held
fewer than 100 shares in Iliad (`odd lot holders`) at the close business on
Friday, 28 May 2004 (`odd lot holdings`) has been duly implemented.
2. Results of the odd lot offer
The total number of shares made available by the 595 odd lot holders who
elected to sell their odd lot holdings and by the 3 038 odd lot holders who
failed to make an election, and were therefore deemed to have sold their
odd lot holdings, is 82 381 shares. These shares have been acquired at 574
cents per share, amounting to a total cash consideration of R472 866,94.
The total number of shares purchased by the 275 odd lot holders who elected
to purchase sufficient additional shares to increase their odd lot holdings
to holdings of 100 shares is 6 900 shares, which shares have been allocated
by Iliad at 574 cents per share for a total cash consideration of R39 606.
3. Odd lot holders who hold certificated shares
New share certificates will be posted by registered post and
cheques/electronic transfers will be posted/effected in respect of odd lot
holders holding share certificates against surrender of documents of title,
on or about Monday, 31 May 2004, at the risk of such odd lot holders.
All odd lot holders who elected to sell their odd lot holdings or who
failed to make an election and were therefore deemed to have sold their odd
lot holdings and who have not submitted their relevant documents of title
to the transfer secretaries, Ultra Registrars (Pty) Limited, 5th Floor, 11
Diagonal Street, Johannesburg, 2001 (PO Box 4844, Johannesburg, 2000), are
reminded to do so in order for payment in respect of their sold odd lot
holdings to be released or effected. These odd lot holders are also
reminded that their documents of title are no longer good for trade on the
JSE Securities Exchange South Africa after Friday, 28 May 2004.
All documents of title received by the transfer secretaries by 12:00 on
Friday, 28 May 2004 were attended to and new share certificates and
cheques/electronic transfers will be despatched by registered post from
Monday, 31 May 2004 at the risk of the odd lot holders concerned. All
documents of title received thereafter will be attended to and cheques will
be despatched within five business days of receipt of the existing
documents of title.
4. Odd lot holders who hold dematerialised shares
On Monday, 31 May 2004 odd lot holders` accounts with the Central
Securities Depository Participant or broker selected by that odd lot holder
were updated and/or debited/credited as a result of the implementation of
the odd lot offer.
Johannesburg
31 May 2004
Sponsor
BRIDGE CAPITAL
Date: 31/05/2004 03:30:02 PM Produced by the JSE SENS Department
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