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NETCARE / CLINICS - JOINT ANNOUNCEMENT

Release Date: 06/06/2001 13:15
Code(s): NTC
Wrap Text
JOINT ANNOUNCEMENT
NETWORK HEALTHCARE HOLDINGS LIMITED ("Netcare")
Registration number (1996/008242/06)
and
CLINIC HOLDINGS LIMITED ("Clinics")
Registration number (1987/004106/06)

AMENDMENT TO THE ANNOUNCEMENTS PUBLISHED ON 23 MAY 2001 REGARDING CAPITAL DISTRIBUTIONS AND NOTICE OF LAST DAY TO REGISTER FOR THE CAPITAL DISTRIBUTIONS.
Notice is hereby given that the respective Boards of Directors of Netcare and Clinics have proposed that Interim Capital Distributions as reflected below, will be paid out of share premium to members registered in the books of Netcare and Clinics at the close of business on 6 July 2001. Such distributions are subject to the approval of shareholders at general meetings of Netcare and Clinics scheduled for 4 July 2001. Amounts of Capital Distribution: NETCARE - 3,5 cents per share CLINICS - 6,0 cents per share
Cheques in respect of the capital distribution out of share premium will be posted to members at their registered addresses or electronically transferred to their bank accounts on or about 13 July 2001.
After the payment out of share premium, each of Netcare and Clinics will be able to pay their debts as they become due in the ordinary course of business, and their consolidated assets, fairly valued, will exceed their consolidated liabilities.
Further details in this regard will be contained in a circular to be posted to shareholders of Netcare and Clinics on or about 19 June 2001. J Wolpert Company Secretary 6 June 2001

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