Kairos - Results Of The Odd Lot Offer
KAIROS INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Reg no 1987/002927/06)
Share code: KIR ISIN: ZAE000011284
(`Kairos` or `the company`)
RESULTS OF THE odd lot OFFER
1. Implementation of the odd lot offer
Shareholders are advised that the odd lot offer to shareholders who held fewer
than 2 000 shares in Kairos (`odd lot holders`) at the close of business on
Friday, 1 July 2005 (`odd lot holdings`) has been duly implemented.
2. Results of the odd lot offer
The total number of shares made available by the 102 odd lot holders who elected
to sell their odd lot holdings and by the 630 odd lot holders who failed to make
an election, and were therefore deemed to have sold their odd lot holdings, is
77 790 shares. These shares have been acquired by KNJ Industrial Holdings (Pty)
Limited (`KNJ Industrial`), a wholly-owned subsidiary of Kairos, at 35 cents per
share, amounting to a total cash consideration of R27 226.50, and will be
disposed of to the BEE Trust on the terms and conditions set out in the circular
to shareholders dated 9 May 2005 (`the circular`).
The total number of shares purchased by the 14 odd lot holders who elected to
purchase sufficient additional shares to increase their odd lot holdings to
holdings of 2 000 shares is 21 627 shares, which shares have been allocated by
Kairos at 35 cents per share for a total cash consideration of R7 569.45.
3. Odd lot holders who hold certificated shares
New share certificates will be posted by registered post and cheques/electronic
transfers will be posted/effected in respect of odd lot holders holding share
certificates against surrender of documents of title, on or about Monday, 4 July
2005, at the risk of such odd lot holders.
All odd lot holders who elected to sell their odd lot holdings or who failed to
make an election and were therefore deemed to have sold their odd lot holdings,
and who have not submitted their relevant documents of title to the transfer
secretaries, are reminded to do so in order for payment in respect of their sold
odd lot holdings to be released or effected. These odd lot holders are also
reminded that their documents of title are no longer good for trade on the JSE
Securities Exchange South Africa after Friday, 24 June 2005.
All documents of title received by the transfer secretaries by 12:00 on Friday,
1 July 2005 were attended to and new share certificates and cheques/electronic
transfers will be despatched by registered post from Monday, 4 July 2005 at the
risk of the odd lot holders concerned. All documents of title received
thereafter will be attended to and cheques will be despatched within five
business days of receipt of the existing documents of title.
4. Odd lot holders who hold dematerialised shares
On Monday, 4 July 2005 odd lot holders` accounts with the Central Securities
Depository Participant or broker selected by that odd lot holder were updated
and/or debited/credited as a result of the implementation of the odd lot offer.
5.Conclusion
Following the conclusion of the pro rata offer and the odd lot offer, as
detailed in the circular, the company has concluded the initial step in its BEE
initiative in that it has, through KNJ Industrial, disposed of a 10% interest to
the BEE Trust.
Johannesburg
4 July 2005
Transaction advisor and sponsor
Bridge Capital Services (Pty) Limited
Date: 04/07/2005 03:43:03 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
