Tiger Brands - The Scheme Of Arrangement
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 SCHEME OF ARRANGEMENT
Further to the announcements dated 14 July 2005, 29 August 2005 and 19 September
2005 relating to the Tiger Brands staff empowerment transaction in terms of
which Tiger Brands is to facilitate the acquisition of a 4% direct ownership
interest in the ordinary share capital of the Company by a broad base of
employees, Tiger Brands shareholders are advised that the sanctioning of the
scheme of arrangement in terms of section 311 of the Companies Act (Act 61 of
1973), as amended, 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) ("the scheme"), has been
postponed until Thursday, 29 September 2005. It is expected that the High Court
will sanction the scheme on Thursday, 29 September 2005 and that the Order of
Court will be lodged and registered with the Registrar of Companies on Friday,
30 September 2005.
It is anticipated that the scheme will be implemented according to the timetable
contained in the announcements dated 29 August 2005 and 19 September 2005. The
operative date of the scheme is expected to be Monday, 17 October 2005.
Bryanston
28 September 2005
Investment bank and transaction sponsor
Standard Bank
Corporate law advisers
Edward Nathan (Proprietary) Limited
Sponsor
JPMorgan
Date: 28/09/2005 11:42:20 AM Produced by the JSE SENS Department
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