Mathomo - Results of Mandatory Offer to Minorities of Mathomo and
Change in Mathomo`s Financial Year End
MATHOMO GROUP LIMITED
(Registration Number. 1995/004783/06)
Share Code: MTO
ISIN Code: ZAE000037214
(`Mathomo` or `the company`)
RESULTS OF MANDATORY OFFER TO MINORITIES OF MATHOMO (`THE OFFER`) AND CHANGE IN
MATHOMO`S FINANCIAL YEAR END
RESULTS OF THE OFFER
Shareholders are referred to the circular issued on 2 September 2004 in which
they were informed of Mineworkers Investment Company (Pty) Limited (`MIC`) offer
under the Securities Regulation Code on Takeovers and Mergers to all the
remaining shareholders of Mathomo at a price of 68.49 cents per Mathomo share.
Of the remaining shareholders holding 23 572 553 Mathomo shares, The Standard
Bank of South Africa Limited and Credit Management Solutions (Pty) Limited,
holding 14 914 650 shares in aggregate, irrevocably undertook not to accept the
offer. Thus shareholders holding 8 657 903 Mathomo shares were eligible to
participate in the offer (`the participating shareholders`).
Shareholders holding 4 052 896 shares have accepted the offer resulting in
acceptance of 46.81% of participating shareholders. MIC now holds 58.63% of the
issued share capital of Mathomo.
CHANGE OF FINANCIAL YEAR END
As Mathomo has become a subsidiary of MIC it is required to change its financial
year-end to be co-terminous with that of MIC, being 28 February.
The results for the next financial year-end, being the 17 months to 28 February
2005 will be published during May 2005.
29 September 2004
Corporate Advisor and Sponsor
Java Capital
Attorneys
M J King Inc.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
