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NTC
NTC
Netcare / Netpartner - Sanctioning Of The Scheme Of Arrangement
Netpartner Investments Limited Network Healthcare Holdings Limited
(Incorporated in the Republic of (Incorporated in the Republic of
South Africa) South Africa)
(Registration number (Registration number 1996/008242/06)
2003/014215/06) JSE code: NTC
("Netpartner" or "the Company") ISIN: ZAE000011953
("Netcare")
SANCTIONING OF THE SCHEME OF ARRANGEMENT
Sanctioning of the scheme
Further to the announcement dated Wednesday, 30 August 2006, Netpartner
shareholders are advised that the scheme of arrangement proposed by Netcare in
terms of section 311 of the Companies Act, No. 61 of 1973, as amended ("the
Companies Act"), between Netpartner and its shareholders, other than Netcare and
its subsidiaries ("the scheme"), was sanctioned by the High Court of South
Africa (Witwatersrand Local Division) ("the Court") on Tuesday, 12 September
2006.
Conditions precedent
Netpartner shareholders are further advised that the remaining condition
precedent, being the registration of a certified copy of the Order of Court
sanctioning the scheme by the Registrar of Companies, has been met and the
scheme is now unconditional.
Salient dates and times
The salient dates and times as set out in the announcement dated Wednesday, 30
August 2006 will remain unchanged. Netpartner shareholders are reminded that the
last day to trade in Netpartner shares on the Barnard Jacobs Mellet Securities
(Proprietary) Limited over-the-counter market ("OTC market") in order to be
recorded in the register on the record date for the scheme will be Friday, 15
September 2006. Trading of Netpartner shares on the OTC market will be suspended
from close of trade on Friday, 15 September 2006. The trading of Netpartner
shares on the OTC market will be terminated on the close of trade on Friday, 22
September 2006. The operative date of the scheme will be Tuesday, 26 September
2006.
Johannesburg
14 September 2006
Independent adviser, corporate Corporate adviser to
adviser and transactional sponsor Netcare
to Netpartner
Nedbank Capital KPMG
Corporate adviser to Netpartner Legal adviser to Netcare
i capital advisers (Proprietary) HR Levin Attorneys,
Limited Notaries and Conveyancers
Legal adviser to Netpartner and Sponsor to Netcare
attorneys to the scheme
Cliffe Dekker Inc. Merrill Lynch South Africa
(Proprietary) Limited
Reporting accountants and auditors Competition law advisers to
to Netpartner and Netcare Netcare and Netpartner
PKF (Jhb) Inc. Webber Wentzel Bowens
Date: 14/09/2006 05:40:38 PM Produced by the JSE SENS Department
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