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ASTRAL FOODS - RESULTS OF THE GENERAL MEETING AND FINALISATION OF THE ODD-LOT

Release Date: 24/07/2002 14:47
Code(s): ARL
Wrap Text

ASTRAL FOODS - RESULTS OF THE GENERAL MEETING AND FINALISATION OF THE ODD-LOT OFFER ASTRAL FOODS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1978/003194/06) (Share code: ARL ISIN code: ZAE000029757) ("Astral Foods") Results of the general meeting and finalisation of the odd-lot offer 1. Results of the general meeting Shareholders are advised that at the general meeting held on Wednesday, 24 July 2002, the ordinary and special resolutions, required to give effect to the odd- lot offer which was detailed in the circular dated 1 July 2002, were duly passed by the requisite majority of shareholders. The special resolutions will be lodged with the Registrar of Companies for registration. 2. Record date The election period for the odd-lot offer opened on Monday, 1 July 2002 and will close on Tuesday, 6 August 2002. Shareholders who are registered as such at the close of business on Thursday, 8 August 2002 and who hold fewer than 100 shares ("odd-lot holdings") are entitled to participate in the odd-lot offer ("odd-lot holders"). 3. Last day to trade Odd-lot holders are advised that the last day to trade in order to participate in the odd-lot offer will be Thursday, 1 August 2002. Any odd-lot holder who sells a portion of his or her shares or acquires additional shares and whose shareholding remains below 100 shares, after Thursday, 1 August 2002, will still be treated as an odd-lot holder for purposes of the odd-lot offer. If an odd-lot holder acquires additional shares after Thursday, 1 August 2002, and the odd-lot holder`s shareholding exceeds 100 shares as a result of such acquisition, then the said odd-lot holder will become ineligible to participate in the odd-lot offer. 4. Surrender of existing documents of title by odd-lot holders of certificated shares 4.1 All odd-lot holders, other than those who elect to retain their odd-lot holdings, who hold certificated shares and who have not already done so, are required to surrender their documents of title in respect of all their shares as soon as possible to Computershare Services Limited, 11 Diagonal Street, Johannesburg, 2001 (PO Box 1053, Johannesburg, 2000). 4.2 New share certificates (if requested) and share statements (in respect of those odd-lot holders who have elected to dematerialise their shares) will be posted to those odd-lot holders who have elected to increase their shareholdings in Astral Foods by registered post, at the risk of such odd-lot holders, on Monday, 12 August 2002, if their documents of title have been surrendered by the close of business on Tuesday, 6 August 2002, or within five business days after surrender of their documents of title, whichever is the later. 5. Odd-lot holders who hold dematerialised shares 5.1 Odd-lot holders who have dematerialised their shares do not hold share certificates and consequently there is no surrender procedure applicable to them. 5.2 Any movement as a result of the implementation of the odd-lot offer in the number of shares held by odd-lot holders who have dematerialised their shares will automatically be recorded in the relevant odd-lot holder`s account with the Central Securities Depository Participant or broker selected by that odd-lot holder. 6. Proceeds from the sale of odd-lot holdings Cheques or electronic transfers in respect of the sale of odd-lot holdings will be posted to the relevant odd-lot holders or effected on Monday, 12 August 2002, by registered post or electronic banking, at the risk of such odd-lot holders, and in respect of odd-lot holders who hold certificated shares, against surrender by those odd-lot holders of their relevant documents of title. 7. General A further announcement, detailing the results of the odd-lot offer, will be published over SENS and in the press on Monday, 12 August 2002. Pretoria 24 July 2002 Financial adviser and sponsor ING Investment Banking Legal adviser Edward Nathan & Friedland Corporate Law Advisers & Consultants (Registration number 1999/026464/07) Date: 24/07/2002 02:47:21 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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