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SNT - Santam Limited - Results of general meeting
Santam Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/001680/06)
JSE share code: SNT NSX share code: SNM
ISIN: ZAE000006854
("Santam")
Results of general meeting
On 7 March 2007 a circular was posted to Santam shareholders (the "circular")
relating to, inter alia, a pro rata voluntary offer to repurchase up to 10% of
Santam`s issued ordinary shares from all Santam shareholders at an offer price
of R102 per Santam share (the "repurchase offer") and to the extent that Santam
shareholders` acceptances of the repurchase offer exceed 10% of the issued
ordinary shares of Santam, Sanlam Limited ("Sanlam") made a pro rata offer to
acquire the excess shares tendered at the same offer price, subject to Sanlam`s
shareholders` funds not holding more than 80% of Santam`s issued ordinary
shares thereafter.
Santam shareholders are advised that at the general meeting held on Thursday 29
March 2007, all the resolutions contained in the notice of general meeting
attached to the circular were approved by the requisite majority of Santam
shareholders.
The special resolutions have been lodged with the Registrar of Companies for
registration. On registration of the special resolutions, all suspensive
conditions to the repurchase offer will have been fulfilled and the
implementation of the repurchase offer will proceed as per the timetable set out
in the circular.
29 March 2007
Merchant bank and transaction sponsor to Santam
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Legal advisers to Santam
JAN S. DE VILLIERS ATTORNEYS
Sponsor to Santam
Investec Bank Limited
Sponsor to Santam in Namibia
SIMONIS STORM Securities
Date: 31/03/2007 14:24:50 Produced by the JSE SENS Department.
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