Murray & Roberts Holdings Limited - Scheme Of Arra
Murray & Roberts Holdings Limited - Scheme Of Arrangement In Respect Of Concor
Limited
MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ISIN Code: ZAE000008983
("the Group")
SCHEME OF ARRANGEMENT IN RESPECT OF CONCOR LIMITED
Shareholders are referred to the joint announcement by Concor Limited ("Concor")
and the Group published on SENS on 14 October 2005, and the even-dated circular
to shareholders, relating to the scheme of arrangement in terms of Section 311
of the Companies Act No.61 of 1973, as amended ("Companies Act"), proposed by
Murray & Roberts Limited ("Murray & Roberts"), a wholly-owned subsidiary of the
Group, in terms of which Murray & Roberts will acquire all of the shares in the
issued share capital of Concor other than those held by Mexican Wave Investments
(Proprietary) Limited ("the transaction").
Scheme meeting
The meeting of scheme members ("scheme meeting") held on Monday 7 November 2005
has been adjourned until 5 December 2005. This is to allow Murray & Roberts the
opportunity to clarify a change in Concor"s shareholding on the date immediately
prior to the last day to trade in order to vote at the scheme meeting.
Rand Merchant Bank ("RMB") is the merchant bank and lead sponsor to Murray &
Roberts for the transaction. The particular trade or series of trades in
question resulted in a significant block of the ordinary shares in Concor being
acquired by RMB Asset Management, which shares were immediately voted against
the transaction.
RMB has since advised Murray & Roberts that it resigns from its mandate as
merchant bank and lead sponsor for the transaction.
Johannesburg
7 November 2005
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Date: 07/11/2005 05:47:50 PM Produced by the JSE SENS Department
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