| Fri 4 Nov 2005, 17:00 | | WAL/JCI - Rights Offer Salient Dates |
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WAL/JCI - Rights Offer Salient Dates
WESTERN AREAS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1959/003209/06)
Share code: WAR
ISIN: ZAE000016549
("WAL")
JCI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number1894/000854/06)
Share code: JCD (suspended)
ISIN: ZAE000039681
Debenture Code: JCDD (suspended)
ISIN: ZAE000039699
("JCI")
RIGHTS OFFER SALIENT DATES
Introduction
Further to the announcements published on 12 May 2005, 30 June 2005, 19 August
2005 and 30 August 2005, WAL shareholders are advised that the salient dates in
respect of the renouncable rights offer of 35 505 240 WAL shares ("rights offer
shares") at a subscription price of 1 800 cents per share in the ratio of 29.95
rights offer shares for every 100 WAL shares held, are as follows:
2005
Last day to trade in WAL shares in order to Friday, 18 November
qualify to participate in the rights offer (cum
entitlement) on
WAL shares trade ex the rights offer entitlement Monday, 21 November
from commencement of trade on
Listing and trading of letters of allocation on Monday, 21 November
JSE from commencement of trade on
Record date for shareholders to participate in Friday, 25 November
the rights offer on
Circular posted and form of instruction issued Monday, 28 November
to certificated shareholders on
Rights offer opens at 09:00 on Monday, 28 November
Last day for trading in letters of allocation on Thursday, 8 December
JSE in order to be settled by 17:00 on Thursday,
15 December 2005 on
Listing and trading of rights offer shares on Friday, 9 December
JSE at 09:00 on
Rights offer closes at 12:00 on Thursday, 15 December
Forms of instruction including cheques in Thursday, 15 December
respect of certificated shareholders to be
lodged by 12:00 on (see note 0
Record date for letters of allocation on Thursday, 15 December
Entitlement in respect of the rights offer Monday, 19 December
available on
Rights offer shares issued and posted to Monday, 19 December
certificated shareholders on or about
Accounts of dematerialised shareholders updated Monday, 19 December
and credited at their CSDP or broker on
Results of the rights offer and basis of Monday, 19 December
allocation of excess applications published on
SENS on or about
Results of the rights offer and basis of Tuesday, 20 December
allocation of excess applications published in
the South African press on or about
Share certificates in respect of excess shares Tuesday, 20 December
allocated posted to certificated shareholders on
or about
Accounts of dematerialised shareholders updated Tuesday, 20 December
in respect of excess shares allocated at their
CSDP or broker on
Notes
The dates and times are subject to amendment. Details of any such
amendment will be published on SENS and in the South African press.
All times indicated are South African times.
Share certificates in respect of WAL shares may not be dematerialised or
rematerialised between Monday, 21 November 2005 and Friday, 25 November
2005, both days inclusive.
CSDPs effect delivery on a "delivery against payment method", in respect
of holders of dematerialised WAL shares.
If you are a dematerialised shareholder of WAL shares, you are required to
notify your duly appointed CSDP or broker of your acceptance of the rights
offer in the manner and time stipulated in the custody agreement.
Dematerialised shareholders will have their safe custody accounts at their
CSDP or broker credited with their entitlement on Monday, 28 November
2005. Certificated shareholders will have their entitlements created in
electronic form and held at Computershare on Monday, 28 November 2005.
Documentation
The WAL rights offer circular and the forms of instruction in respect of the
letters of allocation will be available for inspection at the registered offices
of WAL from Monday, 28 November, and will be posted to WAL shareholders on or
about Monday, 28 November 2005.
Copies of the circular can be obtained during normal business hours prior to the
closing of the rights offer being 15 December 2005, at the registered offices of
WAL, 3rd Floor, 28 Harrison Street, Johannesburg, 2001.
Johannesburg
4 November 2005
Investment bank
Investec Bank Limited
Corporate Finance
Legal adviser to WAL
Tabacks
Independent reporting accountants to WAL
KPMG
Sponsor to WAL
Sasfin
Date: 04/11/2005 05:00:06 PM Produced by the JSE SENS Department
