African Media Entertainment Limited - Result And I
African Media Entertainment Limited - Result And Implementation Of The Odd Lot
Offer
African Media Entertainment Limited
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share code AME ISIN: ZAE000055802
(`AME` or `the company`)
RESULT AND IMPLEMENTATION OF THE ODD LOT OFFER
1. Result of the odd lot offer
Shareholders are advised that in terms of the odd lot offer:
- 2 159 odd-lot holders elected, in terms of the cash alternative or in terms
of a failure to make an election, to sell 25 218 shares. AME has repurchased
these shares in terms of a specific authority granted to it at the annual
general meeting held on Monday 24 May 2004 for a total consideration of R132
394,50;
- 87 odd lot holders elected to increase their shareholdings in terms of the
purchase alternative. AME has utilised 6 635 of the shares repurchased by it
in satisfaction of this requirement for a total consideration of R33 175.
The net effect of the odd lot offer was to reduce the number of registered
shareholders from 3 344 to 1 184 and the issued share capital of the company
from 8 646 891 ordinary shares to 8 628 308 ordinary shares and application
will be made to the JSE Securities Exchange South Africa (`the JSE`) for the
delisting of the shares concerned.
2. Implementation of the odd lot offer
Odd lot holders with certificated shareholdings
- where the purchase alternative has been elected, new share certificates will
be despatched by registered post at the risk of the odd lot holder concerned
today;
- where shares have been sold in terms of the cash alternative or where odd
lot holders failed to make an election, cheques/electronic transfers in
respect of the consideration due will be posted/effected at the risk of the
odd lot holder concerned today, or within five business days of the surrender
of documents of title, whichever is the later.
Odd lot holders with certificated shareholdings who have not yet submitted
their documents of title to the transfer secretaries are reminded to do so in
order to receive the proceeds of the odd lot offer.
These odd lot holders are reminded that their documents of title ceased to be
good for trade or delivery on the JSE with effect from Friday 2 July 2004.
Odd lot holders with dematerialised shareholdings
Any change in the number of shares held and/or any amounts payable/receivable
by an odd lot holder will automatically be recorded and debited/credited today
in the odd lot holder`s account with the Central Securities Depository
Participant or broker selected by the odd lot holder.
Parktown
5 July 2004
Corporate adviser
Lanark Financial Services
Sponsor
LPC Manhattan
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Attorneys
Zenwill Lacob Attorneys
Auditors
Charles Orbach & Company
Chartered Accountants (SA)
Registered Accountants and Auditors
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.
