| Thu 17 Nov 2005, 7:51 | | Concor Limited - Revised Salient Dates As A Result |
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Concor Limited - Revised Salient Dates As A Result Of The Adjournment Of Scheme
Meeting Of Concor
CONCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/003076/06)
Share code: CNC ISIN: ZAE000001616
("Concor")
REVISED SALIENT DATES AS A RESULT OF THE ADJOURNMENT OF SCHEME MEETING
OF CONCOR
1. Introduction
Shareholders were advised in previous announcements that Murray & Roberts
Limited ("Murray & Roberts"), a wholly-owned subsidiary of Murray & Roberts
Holdings Limited, is proposing a scheme of arrangement in terms of Section 311
of the Companies Act No. 61 of 1973, as amended ("Companies Act") between
Concor and its shareholders, other than Mexican Wave Investments (Proprietary)
Limited ("Mexican Wave"), in terms of which Murray & Roberts would acquire all
the shares in the issued share capital of Concor, other than those held by
Mexican Wave.
2. Adjournment of scheme meeting
As announced on SENS on 7 November 2005 and published in the press on 8
November 2005 ("the adjournment announcement"), the scheme meeting of Concor
convened for 12:00 on Monday 7 November 2005 was adjourned by the chairman of
the scheme meeting to 10:00 on Monday 5 December 2005 ("scheme meeting").
The revised salient dates and times applicable to the scheme as a consequence
of the adjournment are set out below.
These revised salient dates and times show the scheme meeting to be held at
10:00 on Monday 5 December 2005, which is consistent with the scheme meeting
details set out in the adjournment announcement. However, shareholders should
note that various other related dates and times set out below have been
amended from those contained in the adjournment announcement.
3. Salient dates and times
The expected dates and times in relation to the scheme are set out below:
2005
Last day to trade in order to vote
at the scheme meeting at 17:00 on Thursday 24 November
Record date on which shareholders must
be recorded in the register
in order to vote at the scheme
meeting at 17:00 on Thursday 1 December
Last day for receipt of proxies for
the scheme meeting by 10:00 on Friday 2 December
Scheme meeting to be held at 10:00 on Monday 5 December
Results of the scheme meeting released on SENS on Monday 5 December
Results of the scheme meeting published
in the press on Tuesday 6 December
2006
Court hearing to sanction the scheme on Tuesday 24 January
Results of Court sanctioning of
the scheme announcement released on SENS on Tuesday 24 January
Results of Court sanctioning of
the scheme announcement published
in the press on Wednesday 25 January
If the scheme is sanctioned
Salient dates for the events subsequent to the results of Court sanctioning
the scheme announcement including the last day to trade in Concor shares in
order to be recorded on the register to receive the scheme consideration will
be published on SENS and in the press once approval has been received from the
Competition Authorities.
Notes:
1. These dates and times are subject to change. Any such change will be
released on SENS and published in the press.
2. If a form of proxy is not received by the time and date shown above, it may
be handed to the chairman of the scheme meeting, no later than ten minutes
before the commencement of the scheme meeting.
3. Shareholders who have already lodged proxies need take no further action,
but should they wish to change their proxies lodged prior to the scheme
meeting, they are referred to notes 4 and 5 below.
4. Certificated shareholders and dematerialised shareholders with own name
registration who wish to be represented at the scheme meeting by a proxy and
who have not yet submitted a proxy or who wish to change a proxy already
submitted by submitting a new proxy, may obtain new forms of proxies from
Concor"s transfer secretaries at Computershare Investor Services 2004
(Proprietary) Limited, 70 Marshall Street, Johannesburg, telephone (011) 370
5092, facsimile (011) 688 5238. Alternatively, the form of proxy attached to
the circular posted to shareholders on 14 October 2005 ("the circular") may
still be utilised.
5. Shareholders who have dematerialised their shares, other than with own name
registration must not complete a form of proxy, but should contact their
Central Securities Depository Participant or broker and furnish them with
voting instructions if they have not yet done so and wish to furnish a voting
instruction, or if they wish to change a voting instruction already furnished.
6. Shareholders should note that as Concor is settling in the STRATE
environment, settlement for trade takes place 5 (five) business days after
such trade. Therefore shareholders who acquire Concor shares after Thursday 24
November 2005 will not be eligible to vote at the scheme meeting.
7. If all conditions precedent, which include, inter alia, approval from the
Competition Authorities, have not yet been fulfilled by the date of the Court
hearing, which is Tuesday 24 January 2006, then the scheme may be
conditionally sanctioned, subject to such condition being timeously fulfilled,
on or before 28 February 2006 or the date of the Court hearing may be extended
from time to time until at the latest, 28 February 2006.
In the event that the scheme does not become operative for any reason and the
substitute offer, as defined in the circular, is made, the salient dates and
times of the substitute offer will be released on SENS and published in the
press.
Johannesburg
17 November 2005
Independent advisor and lead sponsor
BRIDGE CAPITAL
Legal advisors
Sonnenberg Hoffman Galombik
Joint sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 17/11/2005 07:51:20 AM Produced by the JSE SENS Department
