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WESTERN AREAS LIMITED - FINALISATION OF RIGHTS OFFER AND CONFIRMATION OF SALIENT
DATES
WESTERN AREAS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1959/003209/06)
Share code: WAR ISIN: ZAE000016549
(`WAL` or `the Company`)
FINALISATION OF RIGHTS OFFER AND CONFIRMATION OF SALIENT DATES
Further to the announcement published on 10 June 2004, WAL shareholders are
advised that the salient dates of the rights offer in respect of the
renounceable rights of 13 172 042 new ordinary shares of 100 cents per share in
the ratio of 12,5 rights offer shares for every 100 ordinary shares held are as
follows:
2004
Last day to trade WAL shares in order to qualify
to participate in the rights offer (cum
entitlement) on Friday, 25 June
Ex rights offer date - WAL shares trade ex the
rights offer entitlement from commencement of
business on Monday, 28 June
Listing and trading of letters of allocation on
the JSE commences at 09:00 on Monday, 28 June
Record date for shareholders to participate in
the rights offer on Friday, 2 July
Circular posted (and form of instruction issued
to certificated shareholders recorded in the
relevant share register at the record date)
posted on Monday, 5 July
Rights offer opens at commencement of trading at
09:00 on Monday, 5 July
Last day for trading in letters of allocation in
order to be settled by 17:00 on Friday, 23 July
2004 Friday, 16 July
Listing and trading of rights offer shares on
the JSE commences at 09:00 on Monday, 19 July
Rights offer closes at 12:00 and forms of
instruction to be lodged and payments to be made
by certificated shareholders by Friday, 23 July
Record date for letters of allocation on Friday, 23 July
Entitlement in respect of the rights offer
available and certificates issued and posted to
certificated shareholders on Monday, 26 July
Accounts of dematerialised shareholders updated
and debited at their CSDP or broker on Monday, 26 July
Results of the rights offer and basis of
allocation of excess applications announced on
SENS on Monday, 26 July
Results of the rights offer and basis of
allocation of excess applications published in
the South African press on Tuesday, 27 July
Share certificates in respect of excess shares
allocated will be posted to certificated
shareholders on or about Tuesday, 27 July
Dematerialised shareholders will have their
accounts updated in respect of excess shares
allocated on Tuesday, 27 July
Notes:
1. No dematerialisation or rematerialisation of WAL ordinary shares may take
place between Monday, 28 June 2004 and Friday, 2 July 2004, both days inclusive.
2. Dematerialised WAL shareholders are required to notify their duly appointed
CSDP or broker of their acceptance of the rights offer in the manner and time
stipulated in the agreement governing the relationship between such shareholder
and their CSDP or broker.
Johannesburg
18 June 2004
Corporate adviser Sponsor Corporate law
adviser
NewFound
Sasfin Corporate Tabacks
Finance
A division of
Sasfin Bank Limited
Date: 18/06/2004 04:45:03 PM Produced by the JSE SENS Department
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