Jigsaw / Revesco - 5th Announcement - Sanctioning of the Scheme of Arrangements
JIGSAW HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Share code: JGS
ISIN: ZAE000018370)
(Registration number 1987/000111/06)
(`Jigsaw` or the `company`)
REVESCO HOLDINGS (PROPRIETARY) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/013860/07)
(`Revesco`)
SANCTIONING OF THE SCHEME OF ARRANGEMENTS
Further to the detailed announcements dated 22 September 2004, 3 November 2004
and 29 November 2004, Jigsaw shareholders are advised that the scheme of
arrangement (`the scheme`) in terms of section 311 of the Companies Act, 1973
(Act 61 of 1973), as amended, proposed by Revesco between Jigsaw and its
shareholders, other than Revesco, Absa Bank Limited, the Jigsaw Employee Share
Incentive Scheme and the Jigsaw Franchise Network Share Option Scheme, was
sanctioned by the High Court of South Africa (Witwatersrand Local Division) on
Tuesday, 7 December 2004.
The remaining condition precedent is that a certified copy of the Order of Court
sanctioning the scheme be registered by the Registrar of Companies. It is
expected that a certified copy of the Order of Court will be lodged with the
Registrar of Companies on Wednesday, 8 December 2004 and that the scheme will be
implemented in accordance with the timetable set out in the announcement dated 3
November 2004. The operative date of the scheme is expected to be Monday, 20
December 2004.
Johannesburg
7 December 2004
Sponsor to Jigsaw Independent Advisor To The Attorneys To The Scheme
Minority Shareholders
Exchange Sponsors BDO Questco Cliffe Dekker
Transaction advisor
Base Capital
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