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Discovery Holdings Limited - Salient dates announcement
Discovery Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/007789/06)
(Share code: DSY & ISIN: ZAE000022331)
("Discovery" or "the company")
Salient dates announcement relating to the Black Economic Empowerment
transaction ("the BEE transaction")
Introduction
Further to the announcement dated 13 September 2005, Discovery is pleased to
announce the salient dates and times in respect of the BEE transaction whereby,
subject to the fulfillment of certain conditions precedent, a number of broad
based BEE groups, the Discovery Foundation and Discovery employees will acquire
approximately 7.0% of Discovery"s current issued share capital (or approximately
6.54% of the issued share capital post the BEE transaction).
Salient dates and times
The salient dates and times, relating to the BEE transaction are set out below:
2005
Last day to lodge form of proxy for the Tuesday 6 December
general meeting by 09:10 on
General meeting to be held at 09:10 or soon Thursday 8 December
thereafter as the annual general meeting is
finalised or adjourned on
Results announcement released on SENS on Thursday 8 December
Results announcement published in the press Friday 9 December
on
Notes:
These dates and times are subject to change.
Any material change to the above dates and times will be released on SENS and
published in the press.
Documentation
A circular providing full information on the BEE transaction which incorporates
a notice of general meeting, will be posted to shareholders today.
Sandton
15 November 2005
Joint transactional advisor and Joint transactional advisor
transactional sponsor Businessmap Investment Strategy
Rand Merchant Bank Advisers (Proprietary) Limited
(A division of FirstRand Bank
Limited)
Financial advisor to WDBIH Corporate law advisors
Morgan Stanley South Africa Edward Nathan (Proprietary) Limited
(Proprietary) Limited
Legal advisors to WDBIH Structuring advisor
MJ King Inc. Rand Merchant Bank (A division of
FirstRand Bank Limited)
Reporting accountants and auditors Lead sponsor
PriceWaterhouseCoopers Inc. PricewaterhouseCoopers Corporate
Finance (Proprietary) Ltd
Date: 15/11/2005 03:00:02 PM Produced by the JSE SENS Department
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