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capital reduction

  1. Redbeard.

    143 Posts.

    2 6 / 0 2 / 2 0 0 3 14: 29 61-2-9251-1349
    PAGE 01/01
    26 Febnlary 2003
    Company Announcements
    The Australian Stock Exchange Ltd
    Via Fux: I300 300 021
    Dear Sir
    Re: Capital Reduction
    At a Board Meeting held today, it was resolved to make a capital reduction to
    shareholders, to be satisfied by an in-spccie distribution of shares in the Company’s UK
    subsidiary, QuikTrak Networks pic, on the basis of one (1) QuikTrak Networks plc
    ordinary share for every thirty-one (31) QuikTrak Nctworks Ltd shares hcld on the
    record date.
    General Meetings of shareholders will be hcld on 2 April 2003 to consider the proposal

    and full details will be provided in the Notice of Me,etings to be issued on 28 February
    Yours faithfully
    QuikTrak Networks Ltd ABN 44 008 718 ab7
    Levo1 6. 15 Young Streel, Sydney NSW 2000 Australia
    Tcl: +61 2 9247 8011 Fay: +61 2 9251 l249 Email: [email protected],com.au

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