| Thu 30 Sep 2004, 9:06 | | Metro - Results of general meeting; Declaration of |
|
Metro - Results of general meeting; Declaration of capital distribution; No
change statement and details of AGM; Change of name
METRO CASH AND CARRY LIMITED
(Incorporated in the Republic of South Africa)
(Registration nNumber 1946/021315/06)
Share code: MTC ISIN number: ZAE000012688
(`Metro` or `the company`)
* RESULTS OF GENERAL MEETING
* DECLARATION OF CAPITAL DISTRIBUTION
* NO CHANGE STATEMENT AND DETAILS OF ANNUAL GENERAL MEETING (`AGM`)
* PROPOSED CHANGE OF NAME
Results of general meeting
Shareholders are referred to the announcement published on SENS on 13 September
2004 wherein it was, inter alia, advised that the circular to shareholders
regarding the proposed disposal of Metro`s African operations (`the disposal`)
had been posted to shareholders. At the general meeting held today all
resolutions regarding the disposal including an authority for the board of
directors of Metro (`the board`) to pay out the disposal proceeds after
deduction of all costs and taxes by way of a capital distribution in terms of
section 90 of the Companies Act, 1973, as amended (`the authority`) were
approved by the requisite majority of shareholders.
Declaration of capital distribution
The board has resolved in terms of the authority to declare a capital
distribution which, in aggregate, will be 64 cents per share, to shareholders
recorded in the register at close of business on Friday, 22 October 2004, being
the record date (`the total distribution`). Shareholders are advised that 50%
of the total distribution after the deduction of costs and taxes is subject to
secondary tax on companies (`STC`).
The following salient dates apply to the total distribution -
2004
Last date to trade `cum` the total distribution Friday, 15 October
Trading commences `ex` the total distribution Monday, 18 October
Record date Friday, 22 October
Date of payment Monday, 25 October
The above dates and times are subject to change. Any change will be announced
on SENS and in the press. Share certificates may not be dematerialised or
rematerialised between Monday, 18 October 2004, and Friday, 22 October 2004,
both dates inclusive.
No change statement and details of AGM
The 2004 annual report which contains the notice of AGM of the company will be
posted to shareholders on or about Monday, 4 October 2004. The audited
financial information presented in the 2004 annual report is unchanged from that
presented in the company`s year end results announcement published on SENS on 3
June 2004. The AGM will be held at 10h00 on Tuesday, 26 October 2004, at First
Floor, 33 Scott Street, Waverley, Johannesburg.
Change of name
In the notice of AGM it has been proposed that the name of the company be
changed (`the name change`) to Metoz Holdings Limited (`Metoz`). This will more
appropriately reflect the nature of the company`s activities post the disposal.
The JSE Securities Exchange South Africa (`the JSE`) has approved the name
change subject to shareholder approval. The abbreviated name will be `METOZ`,
its alpha code on the JSE SETS trading system will be `MOZ` and its ISIN number
will be `ZAE000057410`. The company will continue to be listed in the `General
Retailers - Discount and Super Stores and Warehouses` sector of the JSE.
The following salient dates apply to the name change -
2004
Last day to lodge forms of proxy for the AGM by 10h00 Friday, 22 October
AGM to be held at 10h00 Tuesday, 26 October
Results of the AGM published on SENS Tuesday, 26 October
Results of the AGM published in the press Wednesday, 27 October
Resolution for the name change registered by Wednesday, 27 October
Registrar of Companies
Last day to trade in Metro shares Friday, 5 November
Listing and trading of Metoz shares commences at Monday, 8 November
commencement of business
The name change record date Friday, 12 November
New share certificates in the name of Metoz posted to Monday, 15 November
certificated shareholders (if documents of title have
been received on or prior to the name change record
date) or, failing receipt of documents of title on or
before the name change record date within five days
of receipt thereof by the transfer secretaries
Dematerialised shareholders will have their safe Monday, 15 November
custody accounts held at their CSDP or broker updated
to reflect the new shares and the name change
These dates and times are subject to change, and any such change will be
published on SENS and in the press. Metro share certificates may not be
dematerialised or rematerialised after Friday, 5 November 2004.
Johannesburg
29 September 2004
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
