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Name | Symbol | Market | Type |
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Qnb Fin 26 | LSE:59CK | London | Medium Term Loan |
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0.00 | 0.00% | 0 | - |
RNS No 5963t NEW CENTRAL WITWATERSRAND AREAS LIMITED AFRICA LIMITED 13th November 1998 Anglo American Corporation of South Africa Limited (Incorporated in the Republic of South Africa) (Registration number 01/05309/06) ("AAC") New Central Witwatersrand Areas Limited (Incorporated in the Republic of South Africa) (Registration number 05/04747/06) ("NCW") Announcement regarding salient dates for the proposed scheme of arrangement ("the scheme") in terms of section 311 of the South African Companies Act, 1973 (Act 61 of 1973), as amended between NCW and its members, other than AAC and its subsidiaries ("the scheme participants") Shareholders are referred to the announcement dated Wednesday, 28 October 1998 regarding the scheme. On Tuesday, 10 November 1998, the High Court of South Africa (Witwatersrand Local Division) ("the Court") granted an order convening the scheme meeting. The documentation setting out the details of the scheme has been finalised and will be posted to shareholders today. Scheme participants are being offered R69,85 in cash for each NCW share held ("the cash consideration"). Upon implementation of the scheme, NCW will become a wholly-owned subsidiary of AAC. The salient dates pertaining to the scheme are as follows: 1998 Last date for receipt of proxy forms for the scheme meeting of NCW, at 10:00 Thursday, 3 December (proxy forms may also be handed to the chairman of the scheme meeting up to not later than ten minutes before commencement of the scheme meeting) Last date to register in order to vote at the scheme meeting Thursday, 3 December Scheme meeting to be held, at 10:00 Friday, 4 December Expected date of Court hearing to sanction the scheme Tuesday, 15 December Expected record date (on which members must be registered in order to be scheme participants and so become entitled to the cash consideration) Friday, 18 December Expected date of termination of listing of NCW shares, if the scheme is implemented Friday, 18 December Expected operative date Monday, 21 December Expected date by which the cash consideration will be posted or made available for collection, if the scheme becomes operative (see note 1) Wednesday, 23 December Notes: 1. Only for scheme participants who surrender their documents of title by 16:00 on the record date. Other scheme participants will have their share or cash considerations posted, or may arrange for the collection thereof, five business days after surrender of their documents of title in terms of the scheme. 2. All dates and times indicated above are subject to amendment. Any amendments will be published in the press. 3. All dealings on the Johannesburg Stock Exchange and London Stock Exchange in NCW shares during the week ending Friday, 18 December 1998 will be for immediate settlement. 4. All times indicated are local South African times. Johannesburg Friday, 13 November 1998 Independent merchant bank and independent financial adviser to NCW SCMB Standard Corporate and Merchant Bank (A division of The Standard Bank of South Africa Limited) (Registration number 62/00738/06) Scheme attorneys Webber Wentzel Bowens Sponsoring broker Merrill Lynch Smith borkum Hare Merrill Lynch South Africa (Pty) Ltd. Member of the Johannesburg Stock Exchange Reg. No. 95/01805/07 END MSCGBGCUGBGRGAP
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