Go Back Email this Link to a friend

AVGOLD LIMITED/HARMONY GOLD MINING COMPANY LIMITED SALIENT DATES REGARDING THE

Release Date: 08/04/2004 10:26:42      Code(s): AVG HAR
AVGOLD LIMITED/HARMONY GOLD MINING COMPANY LIMITED SALIENT DATES REGARDING THE  
SCHEME OF ARRANGEMENT PROPOSED BY HARMONY BETWEEN AVGOLD AND ITS SHAREHOLDERS   
AVGOLD LIMITED                                                                  
(Registration number 1990/007025/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE share code: AVG      ISIN: ZAE000012175                                     
("Avgold")                                                                      
HARMONY GOLD MINING COMPANY LIMITED                                             
(Registration number 1950/038232/06)                                            
(Incorporated in the Republic of South Africa)                                  
JSE share code: HAR      ISIN: ZAE000015228                                     
("Harmony")                                                                     
SALIENT DATES REGARDING THE SCHEME OF ARRANGEMENT PROPOSED BY HARMONY BETWEEN   
AVGOLD AND ITS SHAREHOLDERS                                                     
1.   Introduction                                                               
Shareholders of Avgold and Harmony (collectively "shareholders") are referred to
the announcement dated 26 March 2004 in which shareholders were advised that    
Harmony wishes to acquire 100% of the issued share capital of Avgold and has    
therefore proposed a scheme of arrangement ("the scheme") in terms of section   
311 of the Companies Act 61 of 1973, as amended, (the "Act"), between Avgold and
its shareholders, other than Harmony (the "Avgold minority shareholders"), to   
acquire all the Avgold shares other than those held by Harmony or to be acquired
by Harmony from Avmin.                                                          
This announcement sets out the expected salient dates and times in relation to  
the scheme.                                                                     
2.   Meeting                                                                    
A meeting of Avgold minority shareholders recorded in the register of Avgold on 
Friday, 30 April 2004 (the "scheme members"), will be held at 56 Main Street    
Johannesburg, 2001, at 10h00 on Monday, 3 May 2004, to consider and vote on the 
scheme (the "scheme meeting").                                                  
3.   Salient dates and times                                                    
2004                                 
Last day to trade in Avgold shares to be                                        
able to vote at the scheme meeting on      Thursday 22                          
(note 2)                                   April                                
Voting record date, being the date on                                           
which Avgold minority shareholders must    Friday 30                            
be recorded in the register of Avgold to   April                                
vote at the scheme meeting at 17:00 on                                          
Last day for receipt of proxies for the                                         
scheme meeting by                          Friday 30                            
10:00 on (note 3)                          April                                
Scheme meeting to be held at 10:00 on      Monday 3 May                         
Results of scheme meeting announced on     Monday 3 May                         
SENS on                                                                         
Results of scheme meeting announced in     Tuesday 4 May                        
the press on                                                                    
Court hearing to sanction the scheme on    Tuesday 11 May                       
Results of the scheme published on SENS    Tuesday 11 May                       
on                                                                              
Results of the scheme published in the     Wednesday 12                         
press on                                   May                                  
Last day to trade for Avgold minority                                           
shareholders wishing to receive the        Friday 14 May                        
scheme consideration (note 4)                                                   
Suspension of listing of Avgold shares                                          
at commencement of trading on              Monday 17 May                        
Scheme consideration is listed on the                                           
JSE at commencement of trading on          Monday 17 May                        
Consideration record date, being the                                            
date on which Avgold minority              Friday 21 May                        
shareholders must be recorded in the                                            
share register of Avgold to receive the                                         
scheme consideration on                                                         
Operative date of the scheme at                                                 
commencement of trading on                 Monday 24 May                        
Scheme consideration posted to                                                  
certificated scheme participants (if                                            
documents of title are received on or      Monday 24 May                        
prior to the consideration record date)                                         
on (note 5)                                                                     
Dematerialised scheme participants have                                         
their safe custody accounts held at        Monday 24 May                        
their CSDP or broker updated with the                                           
scheme consideration on                                                         
Termination of listing of Avgold shares    Tuesday 25 May                       
on the JSE at commencement of trading on                                        
Notes:                                                                          
These dates and times are subject to change. Any such change will be published  
on SENS and in the press.                                                       
Shareholders should note that as transactions in Avgold shares are settled in   
the electronic settlement system used by STRATE, settlement for trade takes     
place five business days after such trade.  Therefore shareholders who acquire  
Avgold shares after Thursday 22 April 2004 will not be eligible to vote at the  
scheme meeting.                                                                 
If a form of proxy for the scheme meeting is not received by the time and date  
shown above, it may be handed to the chairperson of the scheme meeting by no    
later than 10 minutes before the scheme meeting is due to commence.             
No dematerialisation or rematerialisation of Avgold share certificates will take
place after Friday 14 May 2004.                                                 
Failing receipt of documents of title by the transfer secretaries on or before  
the consideration record date, share certificates in respect of the scheme      
consideration will be posted by the transfer secretaries to certificated scheme 
participants within five business days of receipt of the documents of title.    
All dates and times referred to in this document are South African dates and    
times.                                                                          
4.   Posting of document                                                        
A document containing full details of the scheme and including, among other     
things, the notice of the scheme meeting, will be posted to shareholders on or  
about 8 April 2004.                                                             
8 April 2004                                                                    
Johannesburg                                                                    
Independent advisor and sponsor to Avgold                                       
Merrill Lynch South Africa (Pty) Limited                                        
Attorneys to Avgold                                                             
Deneys Reitz Inc.                                                               
Reporting accountants                                                           
PricewaterhouseCoopers Inc.                                                     
Independent technical advisor                                                   
Steffen, Robertson and Kirsten                                                  
Financial advisor to Harmony                                                    
JP Morgan Chase Bank                                                            
Sponsor to Harmony                                                              
JP Morgan Equities Limited                                                      
Attorneys to Harmony                                                            
Cliffe Dekker Inc.                                                              
Date: 08/04/2004 10:26:47 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.