| Wed 14 Dec 2005, 17:16 | | Assore Limited - Revised important dates and times |
|
Assore Limited - Revised important dates and times relating to the proposed
introduction of 15% direct black share ownership in Assore
Assore Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/037394/06)
Share code: ASR
ISIN: ZAE000017117
("Assore")
SHANDUKA RESOURCES (PROPRIETARY) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/017835/07)
("Shanduka Resources")
REVISED IMPORTANT DATES AND TIMES RELATING TO THE PROPOSED INTRODUCTION OF 15%
DIRECT BLACK SHARE OWNERSHIP IN ASSORE
1. INTRODUCTION
Shareholders are referred to the announcement released on Thursday, 10 November
2005, in which they were advised that Assore had concluded agreements in terms
of which 15.02% of the issued ordinary share capital of Assore will be acquired
by two black economic empowerment ("BEE") entities, namely:
- Shanduka Resources, a subsidiary of Shanduka Group (Proprietary) Limited,
which will purchase an 11.76% equity interest in Assore ("the Shanduka
transaction"); and
- a community trust, which has been formed to benefit broad-based community
groupings and which will purchase a 3.26% equity interest in Assore ("the
Community transaction"),
(collectively "the BEE transaction").
2.GENERAL MEETING
The general meeting to approve the resolutions relating to the BEE transaction
will be held at Assore House, 15 Fricker Road, Illovo Boulevard, Johannesburg,
at 10:00 on Wednesday, 1 February 2006.
3.REVISED IMPORTANT DATES AND TIMES
The revised important dates and times in relation to the BEE transaction are set
out below:
2006
Last day for receipt of forms of proxy for the
general meeting by 10:00 on Monday, 30 January
General meeting of Assore shareholders to be
held at Assore House, 15 Fricker Road,
Illovo Boulevard, Johannesburg, at 10:00 on Wednesday, 1 February
Announcement of the results of the general
meeting released on SENS on Wednesday, 1 February
Announcement of the results of the general
meeting published in the press on Thursday, 2 February
Special resolutions lodged with the Registrar of
Companies on or about Thursday, 2 February
Notes:
1. The abovementioned times and dates are South African times and dates and are
subject to change. Any such change will be released on SENS and published in the
press.
2. If the general meeting is adjourned or postponed, forms of proxy must be
received by no later than 48 hours prior to the time of the adjourned or
postponed general meeting, provided that, for the purpose of calculating the
latest time by which forms of proxy must be received, Saturdays, Sundays and
South African public holidays will be excluded.
4. FURTHER DOCUMENTATION
A circular providing additional information on the BEE transaction and
containing, inter alia, a notice of general meeting and a form of proxy, will be
posted to Assore shareholders on Thursday, 15 December 2005.
Illovo
Johannesburg
14 December 2005
Investment bank and sponsor to Assore
Standard Bank
Transaction sponsor
Ernst & Young Sponsors (Pty) Ltd
Attorneys to Assore
Webber Wentzel Bowens
Independent professional expert to Assore
KPMG
Legal adviser to Shanduka Resources
Prinsloo, Tindle & Andropoulos Inc.
Lead funder to the BEE transaction
Standard Bank
Date: 14/12/2005 05:16:39 PM Produced by the JSE SENS Department
