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Trencor - GM results and delisting update
At the General Meeting of Shareholders held on Monday, 30 June 2025, all the special and ordinary resolutions were approved by the requisite majority of votes.
Distribution Conditions
The approval of the above resolutions has resulted in the Distribution Condition set out in paragraph 3.2.1 of the Circular being fulfilled.
The Company has received approval from the South African Reserve Bank for the Special Dividend, and accordingly the Distribution Condition set out in paragraph 3.2.2 of the Circular has been fulfilled.
Shareholders are reminded that the Special Dividend, delisting and Voluntary Winding-Up remain subject to the final Distribution Condition, namely that the Master of the High Court issues the Company with a JM12 certificate (dispensing with the requirement that security be furnished to the Master by the Company), as contemplated in section 80(3)(b) of the Companies Act. The Board may, but is not obliged to, waive this condition in the event that the Master requests that security be provided.
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