|
NTC
NTC
Netcare / Netpartner - Postponement Of The Sanctioning Of The
Scheme Of Arrangement
Netpartner Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/014215/06)
("Netpartner")
Network Healthcare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/008242/06)
JSE code: NTC
ISIN: ZAE000011953
("Netcare")
POSTPONEMENT OF THE SANCTIONING OF THE SCHEME OF ARRANGEMENT
Netpartner shareholders are referred to the announcement released on the
Securities Exchange News Service ("SENS") on Tuesday, 4 July 2006 and published
in the South African press on Wednesday, 5 July 2006 where it was announced that
Netpartner shareholders had approved the scheme of arrangement ("the scheme")
proposed by Netcare in terms of section 311 of the Companies Act, No. 61 of
1973, as amended, between Netpartner and its shareholders, other than Netcare
and its subsidiaries.
Netpartner shareholders are advised that, as the subscription by Netpartner for
shares in Lethimvula Investments Limited ("the subscription") and the
distribution of those shares to Netpartner shareholders ("the distribution") had
not been implemented, and Competition Tribunal approval for the implementation
of the scheme had not been obtained, by Tuesday, 25 July 2006, the application
to sanction the scheme was postponed by the High Court of South Africa
(Witwatersrand Local Division) to Tuesday, 26 September 2006 or a date prior to
26 September 2006 which is not more than three weeks after the date on which
approval from the Competition Tribunal for the implementation of the scheme is
obtained, in the event that such approval is obtained on or before Wednesday, 13
September 2006.
Netpartner expects Competition Tribunal approval for the scheme to be
implemented to be obtained in late August or early September 2006.
In the event that Competition Tribunal approval for the implementation of the
scheme has been obtained on or before Wednesday, 13 September 2006, and the
subscription and distribution have been implemented, the application to sanction
the scheme will be set down for hearing as soon as possible thereafter and
Netpartner will publish details of the Competition Tribunal approval and the
date of the hearing of the application to sanction the scheme in the Business
Day and Die Beeld newspapers at least one week prior to the hearing.
A further announcement regarding the final salient dates and times of the scheme
will be released on SENS and published in the South African press in due course.
Sandton
Wednesday, 26 July 2006
Independent adviser, corporate Corporate adviser to Netcare
adviser and transactional sponsor
to Netpartner
Nedbank Capital KPMG
Legal adviser to Netpartner and Legal adviser to Netcare
attorneys to the scheme
Cliffe Dekker Inc. HR Levin Attorneys, Notaries and
Conveyancers
Reporting accountants and auditors Sponsor to Netcare
to Netpartner and Netcare
PKF (Jhb) Inc. Merrill Lynch South Africa
(Proprietary) Limited
Corporate adviser to Netpartner
i capital advisers (Proprietary)
Limited
Date: 26/07/2006 04:48:07 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
