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Trencor - proposed delisting, circular and GM
The board of directors of the Company (the "Board") has resolved to propose to Shareholders the voluntary winding-up of the Company which will result in the delisting of Trencor Shares on the JSE and the winding-up and dissolution of Trencor.
The Voluntary Winding-Up is subject to Shareholder approval as well as the preparation, approval and publication of a Circular to Shareholders.
The Circular, containing details of the Delisting. and Voluntary Winding-Up and containing a Notice of a General Meeting to approve the relevant resolutions pertaining thereto, was distributed today, Thursday, 29 May 2025.
The Board has, in anticipation of the Voluntary Winding-Up, resolved to declare a special dividend of 90 cents per share to Shareholders in an aggregate amount of R156 181 208,40 (the "Special Dividend"), subject to certain conditions (the "Distribution Conditions") as set out in the Circular being fulfilled.
Notice of a General Meeting
The General Meeting of Shareholders will be held electronically on Monday, 30 June 2025 at 09:00, to consider and, if deemed fit, to pass, with or without modification, the resolutions set out in the Notice of a General Meeting attached to the Circular.
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