Glenrand - Registration Of Order Of Court Sanction
GMB
GMB
Glenrand - Registration Of Order Of Court Sanctioning The Scheme Of Arrangement
GLENRAND MIB LIMITED
(a Licensed Financial Services Provider)
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share code: GMB & ISIN: ZAE000018529
("Glenrand")
REGISTRATION OF ORDER OF COURT SANCTIONING THE SCHEME OF ARRANGEMENT
Glenrand ordinary shareholders are referred to the announcements dated 17 March
2006 and 30 March 2006 relating to the facilitation of the increase of
Glenrand"s black shareholder base through a broad-based black employee share
scheme and a black business partner scheme and are advised that the Order of
Court sanctioning the scheme of arrangement in terms of section 311 of the
Companies Act (Act 61 of 1973), as amended, proposed by Risk Funding Services
(Proprietary) Limited, a 100% owned subsidiary of Glenrand and the trustees of
the Glenmib Employee Empowerment Trust ("Glenmib Trust"), between Glenrand and
its shareholders (other than Kunene Finance Company (Proprietary) Limited, the
Glenmib Employee Scheme Trust and the Glenmib Trust), was registered by the
Companies and Intellectual Property Registration Office on Friday, 31 March
2006. The remaining conditions precedent are for the fulfilment of conditions
precedent as set out in the black business partner subscription agreements.
Randburg
03 April 2006
Investment bank, transaction advisor and sponsor
Nedbank Capital
Independent reporting accountants
KPMG
Legal advisor
Deneys Reitz Inc
Independent advisor
EY Corporate Finance (Pty) Ltd
Date: 03/04/2006 02:22:03 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
