| Thu 24 Mar 2005, 16:51 | | Intertrading/ Katope International - Offer to Inte |
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Intertrading/ Katope International - Offer to Intertrading shareholders
Intertrading Limited
Incorporated in the Republic of South Africa
(Registration Number 1987/004777/06)
Code: ITR ISIN: ZAE000015566
(`Intertrading`)
Katope International
Societe Anonyme au capital de 2.712.000 Euros
Siege social: 53, rue de Montpellier
94 Rungis
R.C.S. Creteil B 722 011 061 - NAF 513A
(`Katope International`)
OFFER TO INTERTRADING SHAREHOLDERS
Shareholders are referred to Intertrading`s announcement released on SENS on 9
February 2005 and published in the press on 10 February 2005 giving details of a
firm intention by Katope International to make an offer (`the offer`) to all of
the shareholders of Intertrading to acquire all or any part of their shares in
Intertrading for a cash consideration of 50 cents per share.
The offer is conditional upon the unconditional approvals of the Competition
Commission and/or the Competition Tribunal.
Shareholders are advised that an offer circular has been sent to Intertrading
shareholders today, 24 March 2005, and accordingly, that the offer is now open.
The offer will remain open for not less than 21 days from today`s date and not
less than 10 business days after it is announced that the offer has become
unconditional as to acceptances.
The salient dates and times for the offer are as follows:
- Opening date of the offer (09:00), Thursday, 24 March;
- Date on which offer becomes unconditional, Friday, 8 April, or such later
date;
- Last day to trade to be eligible for the offer, Friday, 15 April;
- Shares trade `ex` the offer, Monday, 18 April;
- Closing date of the offer (12:00), Friday, 22 April;
- Record date, Friday, 22 April;
- CSDP or broker accounts to be updated and credited, Monday, 25 April
(Dematerialised shareholders are required to notify their CSDP or broker of
the acceptance of the offer by the cut-off time stipulated by their CSDP or
broker in terms of their agreement with the CSDP or broker);
- CSDP or broker accounts will be updated and credited accordingly within
five business days of the later of the offer becoming unconditional or the
valid acceptance of the offer and surrender of documents of title.
- Cheques to be posted to certificated shareholders who have accepted the
offer and submitted their documents of title before the closing date,
Monday, 25 April, or such later date. (Cheques will be posted within five
business days of the later of the offer becoming unconditional or the valid
acceptance of the offer and surrender of documents of title).
- Results of offer released on SENS, Monday, 25 April; and
- Results of offer published in the press, Tuesday, 26 April.
Notes:
1. The above dates and times are subject to change. Any changes will be
released on SENS and published in the press.
2. Shareholders may not dematerialise or rematerialise their shares between
the business day after the last day to trade and the record date, both days
inclusive.
The board of directors of Intertrading appointed Fisher Hoffman PKF (Jhb) Inc to
advise the board on whether the offer is fair and reasonable to Intertrading
shareholders and has set out the board`s view on the offer within the circular.
Johannesburg
24 March 2005
Corporate Advisor to Katope and the transaction
Imara Corporate Finance South Africa (Pty) Limited
Sponsor to Intertrading
SASFIN
Date: 24/03/2005 04:47:05 PM
Produced by the JSE SENS Department
