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SALIENT DATES OF THE RIGHTS OFFER - NU-WORLD

Release Date: 12/02/1998 08:00
Code(s): NWL
Wrap Text
NU-WORLD HOLDINGS LIMITED
(REGISTRATION NUMBER 68/02490/06)
("NU-WORLD" OR "THE COMPANY")
SALIENT DATES OF THE RIGHTS OFFER

SMK SECURITIES (PTY) LIMITED IS AUTHORISED TO ANNOUNCE: 1. GRANTING OF LISTINGS
THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") HAS GRANTED LISTINGS OF 3 084 621 RENOUNCEABLE (NIL PAID) LETTERS OF ALLOCATION ("LETTERS OF ALLOCATION") AND THE NEW ORDINARY SHARES ("THE SHARES") ARISING FROM THE RIGHTS OFFER OF 3 084 621 NEW ORDINARY SHARES AT A SUBSCRIPTION PRICE OF 2 400 CENTS PER NEW ORDINARY SHARE TO BE UNDERTAKEN BY NU-WORLD TO RAISE APPROXIMATELY R74 MILLION IN THE RATIO OF 17 NEW ORDINARY SHARES FOR EVERY 100 ORDINARY SHARES HELD. 2. SALIENT DATES OF THE RIGHTS OFFER
1998
LAST DAY FOR SHAREHOLDERS TO REGISTER FOR THE RIGHTS
OFFER FRIDAY, 13 FEBRUARY EXISTING ORDINARY SHARES LISTED EX-RIGHTS MONDAY, 16 FEBRUARY LISTING OF AND DEALINGS IN LETTERS OF ALLOCATION
COMMENCES ON THE JSE MONDAY, 16 FEBRUARY THE RIGHTS OFFER OPENS AT 09:30 ON FRIDAY, 20 FEBRUARY POSTING OF LETTERS OF ALLOCATION AND RIGHTS OFFER
CIRCULAR FRIDAY, 20 FEBRUARY LAST DAY FOR DEALING IN LETTERS OF ALLOCATION ON THE
JSE WEDNESDAY, 11 MARCH LAST DAY FOR SPLITTING LETTERS OF ALLOCATION BY 14:30 THURSDAY, 12 MARCH LISTING OF NEW ORDINARY SHARES COMMENCES ON THE JSE THURSDAY, 12 MARCH RIGHTS OFFER CLOSES - LAST DAY FOR PAYMENT TO BE
MADE BY 14:30 FRIDAY, 13 MARCH LAST DAY FOR RECEIPT OF LATE ACCEPTANCES, SUBJECT
TO A POSTMARK OF NOT LATER THAN FRIDAY, 13 MARCH 1998 WEDNESDAY, 18 MARCH NEW SHARE CERTIFICATES POSTED BY FRIDAY, 20 MARCH 3. DOCUMENTATION
COPIES OF THE RIGHTS OFFER CIRCULAR INCLUDING THE LETTER OF ALLOCATION WILL BE AVAILABLE FOR INSPECTION DURING NORMAL BUSINESS HOURS FROM FRIDAY, 20 FEBRUARY 1998 AT THE OFFICES OF:
(A) NU-WORLD, 35-3RD STREET, WYNBERG, SANDTON, 2199; AND
(B) SMK SECURITIES (PTY) LIMITED, 5TH FLOOR, THE JOHANNESBURG STOCK EXCHANGE, 17 DIAGONAL STREET, JOHANNESBURG, 2001. JOHANNESBURG 11 FEBRUARY 1998 SPONSORING BROKERS SMK SECURITIES SOCIETE GENERALE FRANKEL POLLAK

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