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Kairos - Salient dates relating to the pro rata offer and odd lot offer
Kairos Industrial Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1987/002927/06)
Share Code KIR ISIN ZAE000011284
(`Kairos` or `the company`)
1. Introduction
Shareholders are referred to the announcement dated 15 February 2005, which
contained details relating to:
- a pro rata offer to all shareholders to acquire 10% of their shareholdings
(`the pro rata offer`);
- an odd lot offer to all shareholders holding less than 2 000 shares (`the
odd lot offer`); and
- the establishment of a Black Economic Empowerment Trust (`the BEE Trust`)
which will hold an initial 10% interest in Kairos (`the BEE initiative`)
for the benefit of all black employees of the Kairos group.
The purchase price pertaining to the pro rata offer and the mechanism of the odd
lot offer and the odd lot offer price were detailed in the abovementioned
announcement.
2. Salient dates
The salient dates relating to the pro rata offer and the odd lot offer are set
out below:
2005
Publication of abridged audited results Monday, 9 May
for the year ended 28 February 2005 on
or about
Circular relating to the pro rata Monday, 9 May
offer, the odd lot offer and the BEE
initiative posted on
Election period for the pro rata offer Monday, 9 May
opens at 9:00 on
Election period for the odd lot offer Monday, 9 May
opens at 9:00 on
Forms of proxy for the general meeting Friday, 27 May
to be received by the transfer
secretaries by 11:00 on
General meeting to be held at 11:00 on Tuesday, 31 May
Results of general meeting and Tuesday, 31 May
finalisation announcement announced on
the Securities Exchange News Services
(`SENS `) on
Results of general meeting and Wednesday, 1 June
finalisation announcement published in
the press on
Last day to trade to be eligible to Thursday, 9 June
participate in the pro rata offer on
Shares trade `ex` the pro rata offer on Friday, 10 June
Pro rata offer closes at 12:00 on (see Friday, 17 June
note 2)
Record date to determine those Friday, 17 June
shareholders entitled to participate in
the pro rata offer at the close of
business on
In respect of the pro rata offer, Monday, 20 June
cheques in respect of certificated
shareholders posted against surrender
of existing documents of title from
Dematerialised shareholders will have Monday, 20 June
their accounts held at their Central
Securities Depository Participant
(`CSDP`) or broker updated with their
new shareholding and credited with the
cash amount in respect of the pro rata
offer on
Results of the pro rata offer announced Monday, 20 June
on SENS on
Results of the pro rata offer published Tuesday, 21 June
in the press on
Last day to trade in Kairos shares to Friday, 24 June
be eligible to participate in the odd
lot offer on
Shares trade `ex` the odd lot offer on Monday, 27 June
Record date to determine those Friday, 1 July
shareholders entitled to participate in
the odd lot offer at the close of
business on
Election period for the odd lot offer Friday, 1 July
closes at 12:00 on (see note 2)
Forms of election and surrender, where Friday, 1 July
applicable, (together with relevant
documents of title/cheque/banker`s
draft, as applicable) in respect of
certificated shareholders for the odd
lot offer to be received by the
transfer secretaries by 12:00 on
In respect of the odd lot offer, new Monday, 4 July
share certificates and cheques in
respect of certificated shareholders
posted against surrender of existing
documents of title, where applicable,
from
Dematerialised shareholders will have Monday, 4 July
their accounts held at their CSDP or
broker updated with their new
shareholding and debited/credited with
the cash amount, as the case may be, in
respect of the odd lot offer on
Implementation of the odd lot offer Monday, 4 July
takes effect at the commencement of
business on
Results of the odd lot offer announced Monday, 4 July
on SENS on
Results of the odd lot offer published Tuesday, 5 July
in the press on
Notes
1. The abovementioned dates and times are subject to change. Any such change
will be released on SENS and published in the press.
2. Dematerialised shareholders are required to notify their duly appointed CSDP
or broker of their acceptance of the odd lot offer and the pro rata offer in the
manner and time stipulated in the agreement governing the relationship between
the shareholder and the CSDP or broker.
3. Shareholders may not dematerialise or rematerialise their Kairos shares
between Friday 10 June 2005 and Friday 17 June 2005, both days inclusive and
between Monday 27 June 2005 and Friday 1 July 2005, both days inclusive.
Johannesburg
9 May 2005
Transaction advisor and sponsor
Bridge Capital
Legal advisors
Tugendhaft Wapnick Banchetti and partners
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