Murray & Roberts - Sanctioning Of The Scheme Of Ar
Murray & Roberts - Sanctioning Of The Scheme Of Arrangement
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
Share code: MUR & ISIN: ZAE000008983
("Murray & Roberts")
SANCTIONING OF THE SCHEME OF ARRANGEMENT
1. Introduction
Shareholders are advised that on Tuesday 29 November 2005 the High Court of
South Africa (Witwatersrand Local Division) sanctioned the scheme of arrangement
("the scheme") in terms of section 311 of the Companies Act No. 61 of 1973, as
amended, proposed by two wholly-owned subsidiaries of Murray & Roberts, the
trustees of the Letsema Bokamoso General Staff Trust and the trustees of the
Letsema Vulindlela Black Executives Trust, between Murray & Roberts and its
ordinary shareholders ("the shareholders").
2. Condition precedent
The remaining condition precedent is that the Order of Court sanctioning the
scheme be registered by the Registrar of Companies. It is expected that the
Order of Court will be registered by the Registrar of Companies by Friday
2 December 2005.
3. Salient dates and times
It is anticipated that the scheme will be implemented according to the timetable
contained in the announcement dated 20 October 2005 issued by Murray & Roberts
and the circular to shareholders dated 21 October 2005.
The operative date of the scheme is expected to be Monday 19 December 2005.
Johannesburg
29 November 2005
Financial advisor and transaction sponsor
Absa Corporate and Merchant Bank
Corporate Finance
Sponsor
Merrill Lynch
Attorneys
Bowman Gilfillan Inc.
Reporting Accountants
Deloitte & Touche
Independent financial advisor
SizweNtsaluba VSP
Date: 29/11/2005 05:08:04 PM Produced by the JSE SENS Department
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