Metrofile - Final amendment of offer to certain sh
MFL
MFL
Metrofile - Final amendment of offer to certain shareholders of EC-Hold Limited
Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN: ZAE000061727
("Metrofile Holdings")
FINAL AMENDMENT OF OFFER TO CERTAIN SHAREHOLDERS OF EC-HOLD LIMITED ("EC-HOLD)
Shareholders of Metrofile Holdings ("the offeror") and of EC-Hold are referred
to the announcements dated 23 March, 20 April and 2 May 2006.
Three of the twenty-seven EC-Hold shareholders who purported to accept the offer
have now advised the offeror that they were not EC-Hold shareholders on 11
October 1999 and have withdrawn their purported acceptances of the offer.
With regard to the other 24 shareholders, the offeror either cannot determine
whether they qualify as offerees (due to numerous changes in the use of nominees
by these shareholders) and/or they have not submitted documents of title as
defined in the offer document and as required for valid acceptance of the
offer. Therefore they do not qualify as offer participants.
Notwithstanding that these shareholders have failed to meet the terms of the
offer, the offeror (with the consent of the other contracting parties to the
offer, and the Price Family in particular) hereby voluntarily makes the
following concessions specifically to these 24 shareholders:
- an extended closing date of noon on 19 May 2006 is granted;
- by this date, the purported acceptances by these shareholders must be
supported by documentation or other proof acceptable to the offeror that these
shareholders were EC-Hold shareholders on 11 October 1999 and that the shares
tendered were owned on that date; and
- by this date, the missing documents of title as defined in the offer document
must be submitted.
Acceptances that do not fully meet the above requirements by the extended
closing date will no longer be considered.
The offeror"s company secretary is available throughout this extended period to
assist these twenty-four shareholders to comply with the terms of the offer as
amended above.
Cheques will be mailed to qualifying offer participants on or about 22 May 2006
at their own risk.
Cleveland
9 May 2006
Sponsor
Standard Bank
Attorneys
Knowles Husain Lindsay Inc.
Date: 10/05/2006 04:30:10 PM Produced by the JSE SENS Department
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