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STEINHOFF/MEGACOR - RESULTS OF SCHEME MEETING

Release Date: 15/01/1999 17:23
Code(s): MGC SHF
Wrap Text
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 98/03951/06)
("STEINHOFF")
MEGACOR HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 96/17594/06)
("MEGACOR")
RESULTS OF SCHEME MEETING

FURTHER TO THE CIRCULAR TO MEGACOR SHAREHOLDERS AND THE NOTICES DATED 15 DECEMBER 1998, THE BUSINESS BANK AND STANDARD CORPORATE AND MERCHANT BANK ARE AUTHORISED TO ANNOUNCE THAT AT THE SCHEME MEETING HELD ON FRIDAY, 15 JANUARY 1999 THE SCHEME OF ARRANGEMENT PROPOSED JOINTLY BY STEINHOFF AND STEINHOFF AFRICA HOLDINGS (PROPRIETARY) LIMITED BETWEEN MEGACOR AND ITS SHAREHOLDERS IN TERMS OF SECTION 311 OF THE COMPANIES ACT, 1973 (AS AMENDED) ("THE SCHEME") WAS UNANIMOUSLY APPROVED BY SCHEME MEMBERS PRESENT IN PERSON AND REPRESENTED BY PROXY. CONSEQUENTLY, APPLICATION WILL BE MADE TO THE HIGH COURT (DURBAN AND COAST LOCAL DIVISION) FOR THE SANCTIONING OF THE SCHEME ON FRIDAY, 22 JANUARY 1999 AT 09:30 OR AS SOON AS COUNSEL FOR MEGACOR MAY BE HEARD.
A FURTHER ANNOUNCEMENT REGARDING THE SURRENDER OF MEGACOR SHARE CERTIFICATES WILL BE MADE AFTER THE HEARING BY THE COURT. EPPING DURBAN
15 JANUARY 1999 15 JANUARY 1999 MERCHANT BANKS THE BUSINESS BANK A NEW FORCE IN MERCHANT BANKING STANDARD CORPORATE AND MERCHANT BANK
(A DIVISION OF THE STANDARD BANK OF SOUTH AFRICA LIMITED) (REGISTRATION NUMBER 62/00738/06) ATTORNEYS DYASON ATTORNYES SPONSORING BROKERS PSG SECURITIES LIMITED (REGISTRATION NUMBER 96/00509/06) MEMBER OF THE JOHANNESBURG STOCK EXCHANGE STANDARD EQUITIES (PTY) LIMITED (REGISTRATION NUMBER 72/08305/07) (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE) BOE SECURITIES (PTY) LIMITED (REGISTRATION NUMBER 96/15589/07) MEMBER OF THE JOHANNESBURG STOCK EXCHANGE

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