Tiger Brands Limited - The Tiger Brands Staff Empo
Tiger Brands Limited - The Tiger Brands Staff Empowerment Transaction
Tiger Brands Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS ISIN: ZAE000023560
(`Tiger Brands` or `the Company`)
THE TIGER BRANDS STAFF EMPOWERMENT TRANSACTION
In an announcement dated 14 July 2005, released on SENS and published in the
press, shareholders were advised that Tiger Brands intended to conclude a staff
empowerment transaction. In respect of the transaction, Tiger Brands
shareholders are advised that on Wednesday, 24 August 2005, the High Court of
South Africa issued a Court Order to convene the scheme meeting in respect of
the scheme of arrangement in terms of section 311 of the Companies Act, 1973
(Act 61 of 1973), proposed by the trustees of the Tiger Brands Black Managers
Trust, Thusani Empowerment Investment Holdings (Proprietary) Limited and the
trustees of the Tiger Brands General Staff Share Trust between Tiger Brands and
its shareholders (other than Tiger Food Brands Limited) for the acquisition,
collectively, of 4 Tiger Brands shares for every 100 Tiger Brands share held in
return for a consideration of R112 per Tiger Brands share acquired.
A circular detailing the terms and conditions of the staff empowerment
transaction was posted to shareholders on Friday, 26 August 2005.
Shareholders are advised that, in order to effect the staff empowerment
transaction, a general meeting of shareholders will be held at 08:30 on Monday,
19 September 2005 at the registered office of Tiger Brands, 3010 William Nicol
Drive, Bryanston, Sandton and a scheme meeting will be held at 09:00 or 10
minutes after the conclusion of the general meeting, whichever is the later, at
the same venue.
Bryanston
29 August 2005
Investment bank and transaction sponsor
Standard Bank
Corporate law advisers
EDWARD NATHAN (Proprietary) Limited
Sponsor
JPMorgan
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
