| Fri 3 Jun 2005, 16:55 | | Salient dates |
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Creditvision Holdings Limited - Salient dates
Creditvision Holdings Limited
(formerly Nova Education and Technology Holdings Limited)
(the name of which it is proposed to change to Verimark Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/006957/06)
Share code: CDT ISIN: ZAE000053492
(`Creditvision` or `the company`)
VERIMARK HOLDINGS (PROPRIETARY) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/006800/07)
(`Verimark`)
SALIENT DATES
1. INTRODUCTION
Creditvision shareholders are referred to the announcement dated 18 April 2005
dealing with the:
1.1 acquisition by Creditvision of the entire issued share capital of and
claims on loan account against Verimark, for a purchase price of R275 000 000,
to be satisfied by the issue of 110 000 000 Creditvision shares at an issue
price of 250 cents per share (`the consideration shares`);
1.2 restructuring of the share capital of the company by:
1.2.1 the consolidation of Creditvision`s authorised and issued share capital
on the basis of every 100 shares with a par value of 0,01 cent each being
consolidated into 3 shares with a par value of 0,3333 cent each (`the
consolidation`); and
1.2.2 the increase in authorised share capital of the company, after the
consolidation, by the creation of 185 000 000 new ordinary shares with a par
value of 0,3333 cent each;
1.3 change of name of Creditvision to `Verimark Holdings Limited (`the change
of name`);
1.4 change of control of Creditvision and offer to Creditvision shareholders;
1.5 reconstitution of the board of directors of the company; and
1.6 transfer of the listing of the company to the main board of the JSE
Securities Exchange South Africa (`the JSE`),
collectively referred to as `the transactions`.
2. SALIENT DATES AND TIMES
The salient dates and times in respect of the transactions are as follows:
2005
Circular posted to Creditvision shareholders on Wednesday, 1 June
Last date for forms of proxies to be lodged in
respect of the general meeting by 10:15 on Tuesday, 21 June
General meeting of Creditvision shareholders to
be held at 10:15 (or as soon thereafter as the
annual general meeting of the company shall have
been concluded) on Thursday, 23 June
Announcement regarding the results of the general
meeting and implementation of the transactions
released on SENS on Thursday, 23 June
Announcement regarding the results of the general
meeting and implementation of the transactions
published in the press on Friday, 24 June
Special resolutions lodged at the Registrar of Companies on Friday, 24 June
Last day to trade in shares:
- prior to the consolidation of the company`s share capital;
- on the Venture Capital sector of the JSE lists;
- under the old name `Creditvision Holdings Limited` Friday, 8 July
Subject to the required shareholder spread being achieved,
JSE lists the consideration shares on Monday, 11 July
Trading commences:
- under the new name `Verimark Holdings Limited` and
with the abbreviated name `Verimark`, with share
code `VMK` and ISIN ZAE000068011
- on the Cyclical Services - `General Retailers` sector
of the JSE main board lists;
- in consolidated shares Monday, 11 July
Record date for the change of name and consolidation Friday, 15 July
In respect of certificated shareholders, if existing
share certificates are surrendered together with
forms of surrender on or before the close of business
on Friday, 8 July 2005, new share certificates will be
posted by registered post at the risk of shareholders
(or failing such surrender within five business days of
the date of surrender) on or about Monday, 18 July
In respect of dematerialised shareholders, their safe
custody accounts at their CSDP or broker updated with
the consolidation and change of name on Monday, 18 July
Notes:
1. The above dates and times are subject to amendment. Details of any such
amendment will be released on SENS and published in the press.
2. Shareholders will not be able to dematerialise or rematerialise their
Creditvision shares after Friday, 8 July 2005.
3. Creditvision shareholders who surrender their existing documents of title
after the record date will have their new share certificates posted by
registered post within five business days of receipt thereof by the transfer
secretaries at the risk of the shareholders concerned.
Johannesburg
3 June 2005
Joint corporate adviser and lead sponsor
PSG Capital
Joint corporate adviser and joint sponsor
River Group
Reporting accountants
KPMG
Legal advisers
Jowell Glyn & Marais
Date: 03/06/2005 04:54:12 PM
Produced by the JSE SENS Department
