Nampak - Sanction by the court of Nampaks BEE tran
Nampak - Sanction by the court of Nampak"s BEE transaction
Nampak Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/008070/06)
JSE code: NPK & ISIN number: ZAE000004933
("Nampak")
SANCTION BY THE COURT OF NAMPAK"S BLACK ECONOMIC EMPOWERMENT TRANSACTION
Shareholders are advised that The High Court of South Africa (Witwatersrand
Local Division) today granted an Order ("the Order") sanctioning the scheme of
arrangement in terms of section 311 of the Companies Act No. 61 of 1973, as
amended, proposed by Nampak between Nampak and its shareholders, other than Red
Coral Investments 23 (Proprietary) Limited, the Nampak Black Management Trust
and the Nampak Employee Share Trust ("the scheme") relating to a black economic
empowerment transaction.
A copy of the Order is expected to be registered by the Registrar of Companies
on Wednesday 12 October 2005.
The scheme will be implemented according to the timetable contained in the
announcement dated 28 September 2005. Shareholders of Nampak are reminded that
the last day to trade to participate in the scheme will be Friday 21 October
2005 and the operative date of the scheme will be Monday 31 October 2005.
Sandton
11 October 2005
Merchant bank, transaction adviser, arranger of funding and transaction sponsor
to Nampak
RAND MERCHANT BANK
(A divison of FirstRand Bank Limited)
Legal advisers to the funders
Tugendhaft Wapnick Banchetti & Partners
Independent expert
Deloitte & Touche Corporate Finance
Legal advisers to Nampak
Edward Nathan
Lead sponsor to Nampak
Deloitte & Touche Sponsor Services
Date: 11/10/2005 01:21:04 PM Produced by the JSE SENS Department
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