Ellerine Holdings Limited - Announcement of odd-lo
ELH
ELH
Ellerine Holdings Limited - Announcement of odd-lot offer price
Ellerine Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/013402/06)
Share code: ELH & ISIN: ZAE000022752
("Ellerines" or "the company")
ANNOUNCEMENT OF ODD-LOT OFFER PRICE
It was announced on 28 November 2005 that the board of directors of Ellerines
has proposed the implementation of an odd-lot offer ("the odd-lot offer")
subject to the passing and, where applicable, registration of the resolutions
required to implement the odd-lot offer. It was further announced on 31 January
2006 that the resolutions necessary to implement the odd-lot offer were duly
passed.
Shareholders are now advised that the volume weighted average traded price of an
Ellerines share on the JSE Limited for the five (5) trading days up to and
including Thursday, 2 February 2006, as announced on SENS on 28 November 2005,
is R78.23696 ("the offer price"). In terms of the odd-lot offer, holders of
fewer than 100 shares who are recorded as such in Ellerines" shareholder
register at the close of business on Friday, 17 February 2006, are offered three
election alternatives:
- to purchase sufficient shares at the offer price in order to increase their
shareholding to 100 shares; or
- to sell their odd-lot holdings at the offer price; or
- to retain their odd-lot holding.
Shareholders are referred to Ellerines" annual report which contains full
details of the odd-lot offer as well as the action required by Ellerines"
shareholders in regard to the odd-lot offer.
Johannesburg
3 February 2006
Investment bank and sponsor
Nedbank Capital
Date: 03/02/2006 01:48:02 PM Produced by the JSE SENS Department
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