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SUB-DIVISION OF THE ISSUED SHARE CAPITAL OF TRANS HEX

Release Date: 24/06/1999 17:09
Code(s): TSX
Wrap Text
TRANS HEX GROUP LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 63/07579/06)
("TRANS HEX" OR "THE COMPANY")

SUB-DIVISION OF THE ISSUED SHARE CAPITAL OF TRANS HEX 1. SUB-DIVISION OF ISSUED SHARE CAPITAL
1.1 ON MONDAY, 14 JUNE 1999, IT WAS ANNOUNCED THAT, AT THE GENERAL MEETING OF TRANS HEX SHAREHOLDERS CONVENED AND HELD ON FRIDAY, 11 JUNE 1999, THE SPECIAL RESOLUTION APPROVING THE SUB-DIVISION OF THE COMPANY'S ISSUED SHARE CAPITAL HAD BEEN APPROVED BY THE REQUISITE MAJORITY OF SHAREHOLDERS.
1.2 THE SUB-DIVISION WILL RESULT IN THE EXISTING ISSUED ORDINARY SHARE CAPITAL OF THE COMPANY COMPRISING 15 067 500 ORDINARY SHARES OF NO PAR VALUE EACH BEING SUB-DIVIDED INTO FOUR (4) ORDINARY SHARES OF NO PAR VALUE EACH.
1.3 THE SPECIAL RESOLUTION GIVING EFFECT TO THE SUB-DIVISION HAS BEEN REGISTERED WITH THE REGISTRAR OF COMPANIES. ACCORDINGLY, THE SUB-DIVISION WILL BECOME OPERATIVE FROM MONDAY, 28 JUNE 1999. 2. STOCK EXCHANGE LISTING
THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") HAS, WITH EFFECT FROM THE
COMMENCEMENT OF BUSINESS ON MONDAY, 28 JUNE 1999, GRANTED APPROVAL FOR THE AMENDMENT OF TRANS HEX'S LISTING AS A RESULT OF THE SUB-DIVISION. 3. SURRENDER OF DOCUMENTS OF TITLE
3.1 AS A CONSEQUENCE OF THE AFOREMENTIONED SUB-DIVISION, ALL EXISTING DOCUMENTS OF TITLE IN RESPECT OF TRANS HEX SHARES WILL CEASE TO BE GOOD FOR DELIVERY WITH EFFECT FROM THE CLOSE OF BUSINESS ON FRIDAY, 25 JUNE 1999. 3.2 ACCORDINGLY, SHAREHOLDERS OF THE COMPANY WHO HAVE NOT ALREADY DONE SO ARE REQUIRED TO COMPLETE THE FORM OF SURRENDER, A COPY OF WHICH WAS INCLUDED IN THE CIRCULAR DATED 20 MAY 1999 SENT TO SHAREHOLDERS, AND TOGETHER WITH THEIR RELEVANT DOCUMENTS OF TITLE IN RESPECT OF ALL THEIR TRANS HEX
SHARES RETURN IT TO THE TRANSFER SECRETARIES, COMPUTERSHARE SERVICES LIMITED, 4TH FLOOR, EDURA HOUSE, 41 FOX STREET, JOHANNESBURG, 2001 (PO BOX 61051, MARSHALLTOWN, 2107). A CIRCULAR CONTAINING A COPY OF THIS ANNOUNCEMENT AND A FORM OF SURRENDER WILL BE POSTED TO SHAREHOLDERS ON MONDAY, 28 JUNE 1999. 3.3 DOCUMENTS OF TITLE REFLECTING THE SUB-DIVISION WILL BE POSTED TO TRANS HEX SHAREHOLDERS, AT THEIR OWN RISK, BY REGISTERED POST, ON MONDAY, 28 JUNE 1999, OR WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT OF EXISTING DOCUMENTS OF TITLE, WHICHEVER IS LATER.
3.4 IF A SHAREHOLDER OF THE COMPANY PRODUCES EVIDENCE TO THE SATISFACTION OF THE COMPANY THAT THE EXISTING DOCUMENTS OF TITLE IN RESPECT OF THEIR SHARES HAVE BEEN LOST OR DESTROYED, THE COMPANY MAY WAIVE THE SURRENDER OF SUCH DOCUMENTS AGAINST THE PROVISION OF AN ACCEPTABLE INDEMNITY. ONLY INDEMNITY FORMS OBTAINED FROM THE TRANSFER SECRETARIES ARE ACCEPTABLE AND ARE AVAILABLE FROM THE TRANSFER SECRETARIES ON REQUEST.
3.5 A RECEIPT FOR THE SURRENDER OF EXISTING DOCUMENTS OF TITLE WILL BE ISSUED ONLY ON REQUEST. IN COMPLIANCE WITH THE REQUIREMENTS OF THE JSE, LODGING AGENTS ARE REQUESTED TO PREPARE SPECIAL TRANSACTION RECEIPTS IF REQUIRED. CAPE TOWN 24 JUNE 1999 FINANCIAL ADVISER DEUTSCHE MORGAN GRENFELL
DEUTSCHE MORGAN GRENFELL (SA) (PROPRIETARY) LIMITED (REGISTRATION NUMBER 95/11798/07) JOINT SPONSORING BROKERS ABN AMRO SECURITIES (SOUTH AFRICA) (PTY) LTD REGISTRATION NUMBER 95/01231/07 MEMBER OF THE JOHANNESBURG STOCK EXCHANGE DEUTSCHE MORGAN GRENFELL DEUTSCHE MORGAN GRENFELL (PROPRIETARY) LIMITED (REGISTRATION NUMBER 73/06709/07) MEMBER OF THE JOHANNESBURG STOCK EXCHANGE

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