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BIDVEST/LITHOTECH - EXTENSION OF THE OFFER

Release Date: 15/01/1999 11:35
Code(s): BVT LTH
Wrap Text

EXTENSION OF THE OFFER TO THE LITHOTECH SHAREHOLDERS THE BIDVEST GROUP LIMITED (REGISTRATION NUMBER 05/21180/06) ("BIDVEST") LITHOTECH LIMITED (FORMERLY LITHOSAVER SYSTEMS LIMITED) (REGISTRATION NUMBER 69/15643/06) ("LITHOTECH")
EXTENSION OF THE OFFER TO THE LITHOTECH SHAREHOLDERS OTHER THAN BIDVEST ("THE LITHOTECH MINORITY SHAREHOLDERS")
FURTHER TO THE ANNOUNCEMENT ON 13 JANUARY 1999 AND THE CIRCULAR TO LITHOTECH SHAREHOLDERS DATED 21 DECEMBER 1998 SETTING OUT DETAILS OF THE OFFER TO THE LITHOTECH MINORITY SHAREHOLDERS OF 1 BIDVEST SHARE FOR EVERY 18 LITHOTECH SHARES HELD ("THE OFFER"), BIDVEST HEREBY EXTENDS THE CLOSING DATE OF THE OFFER FROM 12:00 TODAY TO 12:00 ON FRIDAY, 22 JANUARY 1999.
SHOULD THE OFFER BE ACCEPTED BY MORE THAN NINE-TENTHS OF THE LITHOTECH MINORITY SHAREHOLDERS, BIDVEST INTENDS TO COMPULSORILY ACQUIRE, IN TERMS OF SECTION 440K OF THE COMPANIES ACT, THE LITHOTECH SHARES FROM THE LITHOTECH MINORITY SHAREHOLDERS WHO HAVE NOT ACCEPTED THE OFFER. 15 JANUARY 1999 JOHANNESBURG MERCHANT BANK INVESTEC BANK LIMITED (REG NO 69/04763/06) ATTORNEYS TO BIDVEST WERKSMANS ATTORNEYS ATTORNEYS TO LITHOTECH FLUXMAN RABINOWITZ * RAPHAELY WEINER ATTORNEYS SPONSORING BROKERS HSBC SIMPSON MCKIE (PTY) LIMITED MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REG. NO. 84/01736/07 MERRILL LYNCH SOUTH AFRICA (PTY) LTD. MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REG. NO. 95/01805/07 INVESTEC SECURITIES LIMITED MEMBER OF THE JOHANNESBURG STOCK EXCHANGE (REG. NO. 72/08905/06) SG FRANKEL POLLAK SECURITIES (PTY) LTD REG. NO. 96/0588/07 ()MEMBER OF THE JOHANNESBURG STOCK EXCHANGE

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