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Lonfin - Notice to shareholders of subscription warrants 1996/2005
London Finance & Investment Group P.L.C.
(Incorporated in England - No. 201151)
(S.A. Reg. No. 1980/05550/06)
(`Lonfin`)
Code: LNFO ISSN: GB0005264105
Directors: Registered Office:
D.C. Marshall (Chairman) 25 City Road,
Dr. F.W.A.A. Lucas London, EC1Y 1BQ
J.H. Maxwell, CA, CCMI, FRSA
J.M. Robotham, OBE, FCA
3rd September 2004
NOTICE TO HOLDERS OF SUBSCRIPTION WARRANTS 1996/2005
The next date you may exercise subscription rights in respect of the above
warrants will be 27th October 2004 (`the Subscription Date`), being 28 days
after the Annual General Meeting, which has been set for 29th September 2004.
On the Subscription Date holders of Warrants may exercise their right to
subscribe for all or part of the number of Ordinary Shares of 5p each in the
capital of the Company (`Shares`) indicated on their Warrant, at a price of
R2.9936 per Share.
Shares allotted on exercise of subscription rights will not rank for any
dividends or other distributions declared, made or paid on the Shares if the
record date for such dividends or other distributions is prior to the relevant
Subscription Date, but subject thereto, will rank pari passu in all respects
with the Shares in issue at that date.
Should you wish to exercise all or part of your rights on this occasion the
following procedure should be followed:
(a) Complete the Notice of Exercise of Subscription Rights attached to the
Warrant certificate in accordance with the instructions printed
thereon. If you desire any of the shares issuable on exercise of your
subscription rights to be allotted to some other person, you should
complete the section requesting a form of nomination. If your Warrant
certificate has been lost, defaced or destroyed and you wish to
exercise your rights under the terms of the Warrants you should write
to the Company`s Registrars giving notice of your intention to
subscribe with the appropriate payment. You will then be sent a form
of indemnity for completion to cover the lost, defaced or destroyed
certificate.
(b) Send the Warrant certificate and the Notice of Exercise of
Subscription Rights duly completed, together with your cheque for the
number of shares you wish to purchase at R2.9936 per Share to the
South African registrars at the address below. All payments must be
made by cheque or bankers draft drawn in South African rand made
payable to London Finance & Investment Group P.L.C., crossed `Account
Payee Only` and drawn on a South African bank.
Computershare Investor Services 2004 (Pty.) Limited
70 Marshall Street, Johannesburg, 2001
Republic of South Africa
(P.O. Box 61051, Marshalltown, 2107)
Tel: 011 370 5000
to arrive not later than 3.00 p.m. on 27th October 2004.
The number of Shares that you wish to subscribe for should be clearly indicated.
Notice of exercise once given may not be withdrawn without the consent of the
Directors of the Company. Notices will not be acknowledged but certificates for
the Shares allotted, together with warrant certificates for any balance of the
subscription rights not exercised, will be despatched by ordinary post within 28
days after the Subscription Date. All documents and cheques will be posted at
the risk of the persons entitled thereto. Pending despatch of certificates,
transfers will be certified against the Register.
There will be one further opportunity to exercise subscription rights under the
Warrants in 2005. After the exercise date in 2005, any Warrants not exercised
will be placed by the Directors with institutions or individuals who will
subscribe for new shares at the exercise price of 25p or its equivalent in Rand.
Any Warrants not so exercised will then lapse and cease to be of value.
Reminder letters will be sent to all Warrant Holders in that year.
The exercise of warrants would not normally give rise to a charge to taxation.
Subsequent disposal, however, of shares arising from an exercise of warrants may
give rise to a charge to Capital Gains Tax.
The middle market price for the Shares on the JSE Securities Exchange South
Africa on 31st August 2004 (the latest practicable date before despatch of this
letter) was R2.50.
This Notice is a reminder of your right to apply for Shares and is not intended
to convey in any way a recommendation by the directors as to whether or not you
should exercise that right. In this respect, if you require advice, you should
contact your stockbroker, bank manager, solicitor, accountant or other
independent financial adviser authorised pursuant to the Financial Services and
Markets Act 1986.
Application will be made for any Shares allotted upon exercise of subscription
rights to be admitted to the Official List of the London Stock Exchange and to
be listed on the JSE Securities Exchange South Africa.
Any enquiries should be made to the Company`s Registrar whose details are given
above.
SALIENT DATES
Last day to trade in warrants cum
conversion Wednesday 20 October 2004
Warrants trade ex-rights to conversion Thursday 21 October 2004
Record date Wednesday 27 October 2004
New shares will be issued within 28 days of record date
A copy of this notice will be mailed to Warrant Holders on Monday, 6 September
2004.
By order of the Board,
City Group P.L.C.
Secretaries
Sponsor
Imara Corporate Finance South Africa (Pty) Ltd
Date: 06/09/2004 01:05:17 PM Produced by the JSE SENS Department
