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L.A. GROUP LIMITED - RESULTS OF GENERAL MEETING
L.A. GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1936/008786/06)
Share Code: LAR ISIN: ZAE000028676
Share Code: LAN ISIN: ZAE000028684
(`L.A. Group` or `the company`)
RESULTS OF GENERAL MEETING
1. Results of the general meeting
At the general meeting held today, shareholders of L.A. Group voted in favour of
the ordinary and special resolutions to approve the odd lot offer to
shareholders holding fewer than 300 ordinary or `N` ordinary L.A. Group shares
at the close of business on Thursday, 23 September 2004 and the specific
repurchase of 756 373 L.A. Group ordinary shares and 8 327 874 L.A. Group `N`
ordinary shares from Sanlam Investment Management, a division of Sanlam Life
Insurance Limited.
2. Salient dates and times
Shareholders are reminded of the following:
Odd lot holders holding fewer than 100 ordinary or `N` ordinary shares in L.A.
Group Limited should note that, unless they inform the transfer secretaries of
the company (in the case of shareholders holding certificated shares) or their
CSDP or broker (in the case of shareholders holding dematerialised shares) of
their election, their odd lot holdings will be sold to L.A. Group and the net
proceeds remitted to them.
The salient dates and times pertaining to the odd lot offer are as follows:
Last date to trade in order to participate in the
odd lot offer Thursday, 16 September
Election period for the odd lot offer closes at
12:00 on Thursday, 23 September
Forms of election for odd lot offer (together with
the relevant documents of title/cheque/banker`s
draft, as applicable) to be received by transfer
secretaries by 12:00 on
(see note 2 below)
Thursday, 23 September
Record date to determine the shareholders entitled
to participate in the odd lot offer at the close of
business on Thursday, 23 September
Implementation of the odd lot offer takes effect
after close of business on Thursday, 23 September
New share certificates in respect of the
subscription alternative elected by certificated
shareholders and cheques in respect of the sale by
certificated shareholders of their odd lot holdings
posted against surrender of their documents of
title on
(see note 3) Monday, 27 September
Dematerialised shareholders will have their
accounts at their CSDP or broker debited or
credited on Monday, 27 September
Results of the odd lot offer published on SENS on
Monday, 27 September
Results of the odd lot offer published in the press
on Tuesday, 28 September
Notes:
1. Shareholders may not dematerialise or rematerialise their shares
between Friday, 17 September 2004 and Thursday, 23 September 2004,
both days inclusive.
2. Dematerialised odd lot holders are required to notify their duly
appointed CSDP or broker of their odd lot offer election in the manner
and time stipulated in the custody agreement governing the
relationship between that odd lot holder and his CSDP or broker.
3. In the case of certificated shareholders, cheques will be posted on
Monday, 27 September 2004, or within 5 business days after receipt of
the documents of title by the transfer secretaries, whichever is the
later.
Cape Town
7 September 2004
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 07/09/2004 11:10:16 AM Produced by the JSE SENS Department
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