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BIDVEST COMPULSORY ACQUISITION OF LITHOTEC MINORITY SHARES

Release Date: 25/03/1999 17:13
Code(s): BVT LTH
Wrap Text
THE BIDVEST GROUP LIMITED
(REGISTRATION NUMBER 05/21180/06)
("BIDVEST")
LITHOTECH LIMITED
(FORMERLY LITHOSAVER SYSTEMS LIMITED)
(REGISTRATION NUMBER 69/15643/06)
("LITHOTECH")
COMPULSORY ACQUISITION

FURTHER TO THE ANNOUNCEMENT PUBLISHED IN THE PRESS ON 10 FEBRUARY 1999, LITHOTECH SHAREHOLDERS ARE ADVISED THAT THE COMPULSORY ACQUISITION BY BIDVEST OF THE LITHOTECH MINORITY SHARES IN TERMS OF SECTION 440K OF THE COMPANIES ACT, 1973 HAS BECOME UNCONDITIONAL.
LITHOTECH WILL NOW BE CONSTITUTED AS A WHOLLY-OWNED SUBSIDIARY OF BIDVEST. LITHOTECH SHAREHOLDERS WHO HAVE NOT SURRENDERED THEIR LITHOTECH SHARE
CERTIFICATES ARE REMINDED TO DO SO IN ORDER TO RECEIVE THE BIDVEST SHARES TO WHICH THEY ARE ENTITLED. 25 MARCH 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 MERRILL LYNCH SOUTH AFRICA (PTY) LTD MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REG. NO. 95/01805/07 HSBC SIMPSON MCKIE (PTY) LIMITED MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REG. NO. 84/01736/07 SG FRANKEL POLLAK SECURITIES (PTY) LTD REG. NO. 96/05886/07 (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE) INVESTEC SECURITIES LIMITED MEMBER OF THE JOHANNESBURG STOCK EXCHANGE (REG. NO. 72/08905/06)

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