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Brimstone - Changes to the salient dates of the claw-back offer
Brimstone Investment Corporation Limited
Incorporated in the Republic of South Africa
(Registration number 1995/010442/06)
Share Code: BRT ISIN: ZAE000015277
Share Code: BRN ISIN: ZAE000015285
(`Brimstone`)
Changes to the salient dates of the claw-back offer
As a result of delays in the registration of the claw-back offer circular, all
conditions precedent to the claw-back offer have not been met and accordingly
the salient dates in respect of the claw-back offer have changed as reflected in
the table below. Any changes to these dates will be released on SENS and
published in the South African press.
2005
Last day to trade in Brimstone `N` ordinary shares Friday 20 May
and Brimstone ordinary shares in order to
participate in the claw-back offer
Listing of letters of allocation on the JSE Monday 23 May
Securities Exchange South Africa (`JSE`)
Brimstone `N` ordinary shares and Brimstone Monday 23 May
ordinary shares commence trading ex-rights on the
JSE
Record date for participation in the claw-back Friday 27 May
offer
Claw-back offer opens at 09:00 Monday 30 May
Claw-back offer circular posted to Brimstone Monday 30 May
shareholders
Last day to trade letters of allocation on the JSE Thursday 9 June
Offer shares listed and trading therein on the JSE Friday 10 June
commences
Claw-back offer closes at 12:00 (see note 1) Friday 17 June
Record date for letters of allocation Friday 17 June
Results of claw-back offer announced on SENS Monday 20 June
Offer shares issued Monday 20 June
Dematerialised shareholders` safe custody accounts Monday 20 June
updated and accounts debited by Central Securities
Depository Participant (`CSDP`) or broker, and
certificates posted to certificated shareholders
Notes:
1. Dematerialised shareholders are required to inform their CSDP or broker of
their instructions in terms of the claw-back offer in the manner and time
stipulated in the agreement governing the relationship between them.
2. Share certificates may not be dematerialised or rematerialised between
Monday 23 May 2005 and Friday 27 May 2005, both days inclusive.
3. The above dates and times are subject to change. Where required, changes
will be released on SENS and published in the South African press.
4. Dematerialised shareholders will have their safe custody accounts at their
CSDP automatically credited with their rights and certificated shareholders
will have their rights credited to a safe custody account at Computershare
Nominees.
5. CSDPs effect payment in respect of dematerialised shareholders on a
delivery versus payment method. Payment is therefore due on Monday 20 June
2005.
6. Certificated shareholders will need to submit the form of instruction
together with payment by the closing of the offer, being 12:00 on 17 June
2005.
Cape Town
6 May 2005
Merchant bank and transactional sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
CORPORATE FINANCE
Sponsor
Nedbank Capital
Legal adviser
Hofmeyr Herbstein & Gihwala Inc.
Independent reporting accountants
Deloitte & Touche
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