| Mon 19 Dec 2005, 16:40 | | Zeltis/ Corvus - Mandatory Offer By Corvus Capital |
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Zeltis/ Corvus - Mandatory Offer By Corvus Capital Inc
ZELTIS HOLDINGS LIMITED
(Registration No:1946/0021141/06)
("Zeltis")
JSE CODE: ZLT - ISIN CODE: ZAE000037297
CORVUS CAPITAL INC.
(Company number 367829)
("Corvus")
AIM CODE: CVS - ISIN CODE: VGG2440D1087
MANDATORY OFFER BY CORVUS CAPITAL INC. TO ZELTIS SHAREHOLDERS
Shareholders are referred to the announcement released on SENS on 24 November
2005 giving details of the mandatory offer by Corvus ("the offer") whereby
Corvus irrevocably offers to purchase from the Zeltis shareholders, free of all
costs to them, all or part of the consolidated Zeltis shares held by them. The
price offered for each consolidated share is R0.005 (one-half of one cent)
payable in cash in the currency of South Africa.
Shareholders are advised that an offer circular has been sent to Zeltis
shareholders today, 19 December 2005, and accordingly, that the offer is now
open.
The salient dates and times for the offer are as follows:
PART A
Opening date of the Corvus Offer Monday, 19 December 2005
(09:00)/circular posted
Last day to trade to take up the Friday, 6 January 2006
Corvus Offer
Shares trade "ex" the Corvus Offer Monday, 9 January 2006
Closing date of the Corvus Offer Friday, 13 January 2006
(12:00)
Results of the Corvus Offer released Monday, 16 January 2006
on SENS
Payment date Refer to notes 3, 4 and
5
PART B
Last day to lodge form of proxy for Monday, 16 January 2006
the general meeting (11:00)
General meeting (11:00) Wednesday, 18 January
2006
Results of general meeting released Wednesday, 18 January
on SENS 2006
Special resolutions lodged at CIPRO Thursday, 19 January 2006
Results of Corvus Offer and general Thursday, 19 January 2006
meeting published in press
Last day to trade in old name Friday, 10 February 2006
"Zeltis Holdings Limited"
Shares trade in the new name "Corvus Monday, 13 February 2006
Capital (SA) Holdings Limited"
with the JSE code "CVS" and new ISIN
ZAE000075842
Record date for the change of name Friday, 17 February 2006
In respect of shareholders, if existing share certificates are surrendered
together with forms of surrender on or before 12:00 on Friday, 10 February 2006,
new share certificates will be posted by registered post at the risk of the
shareholders on or about Monday, 20 February 2006.
In respect of dematerialised shareholders, their safe custody accounts at their
CSDP or broker will be updated with the change of name on Monday, 20 February
2006.
Notes:
GENERAL
1. The above dates and times are subject to change. Any changes will be released
on SENS and published in the press.
2. Shareholders may not dematerialise or rematerialise their shares between the
business day after the last day to trade and the record date, both days
inclusive.
PART A - THE CORVUS OFFER
1. The SRP requires that the Corvus Offer remain open for at least 21 days.
Corvus reserves the right to extend the closing date beyond Friday, 13 January
2006, in which event all amended dates and times relating to the Corvus Offer
will be released on SENS and published in the press as noted above.
2. Postal acceptances have to be received by 12:00 on the closing date of the
Corvus Offer.
3. For certificated shareholders, cheques in respect of the Corvus Offer
consideration will be posted to shareholders who accept the Corvus Offer, at the
risk of the shareholder concerned, within five business days of receipt by the
transfer secretary of documents of title and properly completed forms of
surrender.
4. Shareholders who have already dematerialised their shares through a CSDP or
broker will receive the Corvus Offer consideration as agreed to between the
shareholder and CSDP or broker within five business days of the advice of
acceptance of the Corvus Offer being received by the transfer secretaries from
the CSDP or broker, as the case may be.
5. Copies of the circular may be obtained during normal business hours from
Monday, 19 December 2005, until Friday, 13 January 2006 at the registered office
of Zeltis.
PART B - CORPORATE ACTIONS
1. Zeltis 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 shareholder concerned.
Johannesburg
19 December 2005
Sponsor
Imara Corporate Finance South Africa (Pty) Ltd
Date: 19/12/2005 04:40:49 PM Produced by the JSE SENS Department
