| Thu 18 Nov 2004, 18:36 | | Results Of Annual And Special General Meetings |
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Zenith Concessions Limited - Results Of Annual And Special General Meetings And
Changes To The Board
ZENITH CONCESSIONS LIMITED
(to be renamed Yomhlaba Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1994/009012/06)
Share code: ZNT ISIN: ZAE000009064
(`Zenith` or `the company`)
RESULTS OF ANNUAL AND SPECIAL GENERAL MEETINGS AND CHANGES TO THE BOARD
1. INTRODUCTION
The board of directors is pleased to announce that all the resolutions proposed
at the annual and special general meetings held on Wednesday, 17 November 2004,
and Thursday, 18 November 2004, respectively, were unanimously approved and
will, where necessary, be registered with the Registrar of Companies.
2. LISTING ON THE ALTERNATIVE EXCHANGE (`ALTX`) OF THE JSE SECURITIES EXCHANGE
SOUTH AFRICA (`JSE`) AND SALIENT DATES
The listing of Yomhlaba Resources Limited on AltX will commence from the opening
of trading on Monday, 29 November 2004, from which date the consolidated and
additional shares issued in terms of the transaction will be listed and the
change of name of the company will become effective. The new JSE code and ISIN
will be YBA and ZAE000060281, respectively. The salient dates pertaining to the
commencement of trading in Yomhlaba Resources are as follows:
Offer to minority shareholders Friday, 19 November 2004
opens (at 09:00)
Last day to dematerialise or Friday, 26 November 2004
rematerialise Zenith shares
Last day to trade in Zenith Friday, 26 November 2004
ordinary shares
Listing of new consolidated Monday, 29 November 2004
shares, transfer to AltX,
change of name to Yomhlaba
Resources and
commencement of trading in
Yomhlaba Resources
shares
Last day to trade in shares for Friday, 3 December 2004
participation in the offer
Record date for transaction Friday, 3 December 2004
Securities trade `ex` the offer Monday, 6 December 2004
Offer closes (at 12:00) Friday, 10 December 2004
Record date for participating Friday, 10 December 2004
in the offer
Results of offer published on Monday, 13 December 2004
SENS
New share certificates posted Monday, 13 December 2004
to certificated
shareholders who have
surrendered their documents
of title by Friday, 3 December
2004 (or failing such
surrender, within five business
days of date of
surrender) and who have not
accepted the offer
Cheques to be posted at the
risk of certificated
Yomhlaba shareholders against,
and within five
business days from, surrender
of existing share
certificate/s and offer
acceptance form
Dematerialised shareholders`
accounts to be credited
and updated at their CSDP or
stockbroker within five
business days of receipt of
acceptance notification
by the transfer secretaries
The attention of certificated shareholders not accepting the offer is drawn to
the fact that, notwithstanding that the company is now settling trades through
the STRATE settlement system, such shareholders will receive a share certificate
reflecting the change of name of the company and will be required to
dematerialise such share certificates in order to trade their shares on the JSE.
The dematerialisation process can take between 24 hours and 10 days, depending
on the volumes being processed at the time of dematerialisation. Share
certificates in the Zenith name may not be dematerialised or rematerialised
after Friday, 26 November 2004.
3. SURRENDER OF SHARE CERTIFICATES
Certificated shareholders in the company who have not already done so are
requested to surrender their share certificates in order to receive new share
certificates reflecting the change of name of the company. The form of
surrender contained in the circular dispatched to shareholders on 27 October
2004 must be completed by all certificated shareholders and returned, together
with the relevant share certificates(s) and/or other document(s) of title, to
Computershare Investor Services 2004 (Pty) Ltd, 70 Marshall Street, Johannesburg
(PO Box 61763, Marshalltown, 2107). The transfer secretaries will send a share
certificate reflecting the change of name of the company by registered mail to
the address of the shareholder concerned as shown in the company`s register of
shareholders, or to any other address as instructed in writing. Share
certificates will be posted as indicated in the timetable given above. This
does not apply to dematerialised shareholders who will have their electronic
record of holdings automatically updated by their Central Securities Depository
Participant (CSDP) or broker.
4. THE OFFER TO SHAREHOLDERS
Shareholders are advised that the mandatory offer to shareholders relates to the
pre-consolidation shares of Zenith and is equivalent to a pre-consolidation
share price of 0.49886 cents per share.
Pretoria
18 November 2004
Sponsor
River Sponsors (Pty) Ltd
Corporate Advisors
Radagast Capital (Pty) Ltd
Date: 18/11/2004 05:24:36 PM
Produced by the JSE SENS Department
