| Mon 7 Jun 2004, 17:21 | | APLITEC - RESULTS OF THE NUEP SHAREHOLDER MEE |
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APLITEC - RESULTS OF THE NUEP SHAREHOLDER MEETING, THE APLITEC GENERAL
MEETING
AND THE ANNOUNCEMENT OF THE FULFILMENT or waiver OF THE SUSPENSIVE
CONDITIONS, THE OPENING OF THE ELECTION AND IMPORTANT DATES AND TIMES
NET1 APPLIED TECHNOLOGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/007207/06)
Share code: APL ISIN: ZAE000024113
(`Aplitec`)
RESULTS OF THE NUEP SHAREHOLDER MEETING, THE APLITEC GENERAL MEETING AND THE
ANNOUNCEMENT OF THE FULFILMENT or waiver OF THE SUSPENSIVE CONDITIONS, THE
OPENING OF THE ELECTION AND IMPORTANT DATES AND TIMES
* The definitions included in the circular to Aplitec shareholders dated 17 May
2004 apply to this announcement.
Further to the announcement released on SENS on 17 May 2004, Aplitec
shareholders are advised of the following:
1. The NUEP shareholder meeting
At the meeting of NUEP shareholders held at 09h00 (Eastern Standard Time) on
Thursday, 27 May 2004, NUEP`s shareholders approved (i) the amendment to NUEP`s
articles of incorporation, which increases NUEP`s authorised share capital, (ii)
the issuance of 105,661,428 shares of NUEP common stock to the Brait Consortium,
(iii) the issuance of 192,967,138 NUEP special convertible preference shares to
the Aplitec Holdings Participation Trust and (iv) the stock incentive plan.
2. The Aplitec general meeting
At the meeting of Aplitec shareholders held at 08h30 (South African time) on
Monday, 7 June 2004, holders of the majority of Aplitec ordinary shares VOTED
AGAINST (i.e. did not accept) the rescission offer. Therefore, the active
transactions will be consummated as originally contemplated. Aplitec
shareholders, regardless of their vote on the rescission offer, will receive
cash or, if they elect the reinvestment option, cash and interests in the New
Aplitec Participation Trust.
3. Suspensive conditions and election
Following on from the above, all the suspensive conditions relating to the
active transactions have been fulfilled or waived and accordingly, the election
period will open at the commencement of business on Tuesday, 8 June 2004. The
special resolutions were registered with the Registrar of Companies on Monday, 7
June 2004.
4. Important dates and times
Action 2004
Election opens at commencement of business on Tuesday, 8 June
Last day to trade in Aplitec ordinary shares in order to
be recorded in the shareholders` register of Aplitec as
an Aplitec shareholder on the record date on Friday, 18 June
Suspension of the listing of Aplitec ordinary shares on
the JSE at commencement of business on Monday, 21 June
Election closes at 12h00 on Friday, 25 June
Record date for the purposes of the advance distribution on Friday, 25 June
Electronic transfer of funds or cheques posted by ordinary
post to certificated shareholders on Wednesday, 30 June
Dematerialised shareholders` accounts held at their CSDP
or broker credited and/or updated on Wednesday, 30 June
Renunciation of RLA`s to the New Aplitec Participation
Trust, unit statements issued and posted by registered
post to reinvesting shareholders, provided complete and
accurate trustees` mandates (white) and the relevant KYC
form for individuals (blue), trusts (yellow) or legal
entities (green)* have been received by the transfer
secretaries, on Wednesday, 30 June
Termination of the listing of Aplitec ordinary shares on
the JSE at commencement of business on Thursday, 1 July
