| Fri 4 Nov 2005, 17:39 | | Beige - Amendment to the salient dates |
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Beige - Amendment to the salient dates
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000034161 & Share code: BEG
AMENDMENT TO THE SALIENT DATES PERTAINING TO THE PARTIALLY UNDERWRITTEN RIGHTS
OFFER TO BEIGE SHAREHOLDERS
Shareholders are referred to the announcement dated 31 October 2005 with regard
to the salient dates pertaining to the rights offer being made by Beige to its
shareholders and the convening of a general meeting of shareholders to approve
the acquisition of the Quality Products business and Quality Products (Pty) Ltd
(together "Quality Products") by Beige in partnership with Thebe Healthcare
(Proprietary) Limited and Mothebe Investments (Pty) Ltd.
Shareholders are advised that the amended dates in respect of the rights offer
and general meeting will be as follows:
Last day to trade in Beige shares in order to Friday, 18 November
settle trades by the record date for the rights
offer and to qualify to participate in the rights
offer (cum entitlement) on
Beige shares commence trading ex-rights on the Monday, 21 November
JSE at 09:00
Listing of and trading in the letters of Monday, 21 November
allocation commences at 09:00
Record date for purposes of determining the Beige Friday, 25 November
shareholders entitled to participate in the
rights offer at the close of business on
Circular and, where applicable, form of Monday, 28 November
instruction posted to shareholders on
Rights offer opens at 09:00 on Monday, 28 November
Holders of dematerialised Beige shares will have Monday, 28 November
their custody accounts at their CSDP or broker
automatically credited with their letters of
allocation on
Holders of certificated Beige shares will have Monday, 28 November
their letters of allocation credited to an
electronic register at the transfer secretaries
on
Last day for form of instruction to be lodged Thursday, 08 December
with the transfer secretaries by holders of
certificated Beige shares wishing to sell all or
part of their entitlement by 12:00 on
Last day to trade (LDT) in letters of allocation Thursday, 08 December
in order to settle trades by the record date for
the rights offer and participate in the rights
offer at the close of business on
Last day to lodge forms of proxy for the general Friday, 09 December
meeting to be held to approve the Quality
Products acquisition by 10:00 on
Listing and trading of rights offer shares Friday, 09 December
commences on the JSE at 09:00
General meeting of Beige shareholders at 10:00 on Tuesday, 13 December
Results of general meeting announced on SENS on Tuesday, 13 December
Record date for letters of allocation on Thursday 15 December
Rights offer closes at 12:00 and payment to be Thursday, 15 December
made and form of instruction lodged by holders of
certificated Beige shares with the transfer
secretaries by that time on (See note 2)
CSDP/broker accounts credited with rights offer Monday, 19 December
shares and debited with any payments due in
respect of holders of dematerialised rights offer
shares on
Rights offer shares certificates in terms of the Monday, 19 December
rights offer posted to holders of certificated
rights offer shares on or about
Results of rights offer announced on SENS on Monday, 19 December
Notes:
Dates and times are subject to change. Any such change will be announced on
SENS. All times referred to in the announcement are local times in South
Africa.
Holders of dematerialised Beige shares are required to notify their CSDP or
broker of the action they wish to take in respect of the rights offer in the
manner and by the time stipulated in the agreement governing the relationship
between the Beige shareholder and his CSDP or broker.
Beige share certificates may not be dematerialised or rematerialised between
Monday 21 November 2005 and Friday, 25 November 2005, both days inclusive.
CSDPs effect payment in respect of holders of dematerialised rights offer shares
on a delivery versus payment basis.
In accordance with AltX Listings Requirements, shareholders are advised of the
risks of investing in a company listed on AltX and are advised that the JSE does
not guarantee the viability or the success of a company listed on AltX. In
terms of JSE Listings Requirements a Designated Adviser has to be retained by
the company. The Designated Adviser is required to, inter alia, attend all
board meetings held by the company to ensure that all JSE Listings Requirements
and applicable regulations are complied with, approve the financial director of
the company and guide the company in a competent, professional and impartial
manner. If the company fails to retain a Designated Adviser it must make
arrangements to appoint a new Designated Adviser within 10 business days,
failing which the company faces suspension of trading of its securities. If a
Designated Adviser is not appointed within 30 days of its suspension the company
faces the termination of its listing without an offer to minorities.
Johannesburg
04 November 2005
Designated Advisor
Arcay Corporate Services
Corporate Advisor
Arcay Merchant
Date: 04/11/2005 05:39:06 PM Produced by the JSE SENS Department
