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STEINHOFF INTERNATIONAL SALIENT DATES OF RIGHTS OFFER

Release Date: 28/05/1999 07:43
Code(s): SHF
Wrap Text
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 98/03951/06)
("STEINHOFF")
SALIENT DATES OF THE RIGHTS OFFER

FURTHER TO THE JOINT ANNOUNCEMENT OF STEINHOFF AND CORNICK GROUP LIMITED DATED 14 MAY 1999, THE BUSINESS BANK IS AUTHORISED TO ANNOUNCE THAT THE COMMITTEE OF THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") HAS GRANTED A LISTING OF THE 67 325 750 RENOUNCEABLE (NIL PAID) LETTERS OF ALLOCATION AND THE NEW STEINHOFF SHARES TO BE ISSUED PURSUANT THERETO AT AN ISSUE PRICE OF 425 CENTS EACH, ON THE BASIS OF 10 NEW STEINHOFF SHARES FOR EVERY 100 EXISTING SHARES HELD, TO RAISE AN AMOUNT OF R286 134 438, BEFORE EXPENSES. THE SALIENT DATES IN RESPECT OF THE RIGHTS OFFER ARE AS FOLLOWS:
1999 LAST DAY TO BE REGISTERED TO PARTICIPATE IN THE
RIGHTS OFFER (16:30) FRIDAY, 28 MAY
STEINHOFF SHARES TRADING EX RIGHTS MONDAY, 31 MAY
LETTERS OF ALLOCATION COMMENCE TRADING MONDAY, 31 MAY RIGHTS OFFER CIRCULAR AND LETTERS OF ALLOCATION
POSTED THURSDAY, 3 JUNE
RIGHTS OFFER OPENS (09:30) FRIDAY, 4 JUNE
LAST DAY OF LISTING OF LETTERS OF ALLOCATION WEDNESDAY, 23 JUNE LAST DAY FOR SPLITTING OF LETTERS OF ALLOCATION
(14:30) THURSDAY, 24 JUNE
NEW STEINHOFF SHARES LISTED ON THE JSE THURSDAY, 24 JUNE
RIGHTS OFFER CLOSES (14:30) FRIDAY, 25 JUNE
LAST DAY FOR POSTAL ACCEPTANCES (14:30) WEDNESDAY, 30 JUNE
RESULTS OF RIGHTS OFFER ANNOUNCED FRIDAY, 2 JULY
NEW SHARE CERTIFICATES POSTED PER SECURE MAIL FRIDAY, 2 JULY
COPIES OF THE RIGHTS OFFER CIRCULAR WILL BE AVAILABLE FROM MONDAY, 31 MAY 1999 AT THE OFFICES OF THE BUSINESS BANK, THE BUSINESS BANK BUILDING, 1 WOODMEAD DRIVE, WOODMEAD ESTATE, WOODMEAD; THE TRANSFER SECRETARIES, MERCANTILE REGISTRARS LIMITED, 10TH FLOOR, 11 DIAGONAL STREET, JOHANNESBURG AND THE REGISTERED OFFICE OF STEINHOFF, 22 DACRES AVENUE, EPPING 2, CAPE TOWN EPPING 27 MAY 1999 MERCHANT BANK THE BUSINESS BANK A NEW FORCE IN MERCHANT BANKING ATTORNEYS DYASON ATTORNEYS AUDITORS DELOITTE & TOUCHE CHARTERED ACCOUNTANTS
DELOITTE & TOUCHE CORPORATE FINANCE (PROPRIETARY) LIMITED REGISTRATION NUMBER 96/00034/07 UNDERWRITER INVESTEC GUINNESS FLIGHT GLOBAL ASSET MANAGEMENT SPONSORING BROKERS BOE SECURITIES (PTY) LIMITED (REGISTRATION NUMBER 96/15589/07) MEMBER OF THE JOHANNESBURG STOCK PSG SECURITIES LIMITED (REGISTRATION NUMBER 96/005O9/06) MEMBER OF THE JOHANNESBURG STOCK EXCHANGE STANDARD EQUITIES (PTY) LIMITED (REGISTRATION NUMBER 72/08305/07) MEMBER OF THE JOHANNESBURG STOCK EXCHANGE

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