MVG - Mvelaphanda Group Limited - Results of the G
MVG MVGP
MVG
MVG - Mvelaphanda Group Limited - Results of the General Meeting of shareholders
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Ordinary share code: MVG
Ordinary share ISIN: ZAE000060737
Preference share code: MVGP
Preference share ISIN: ZAE000073540
("Mvela Group")
RESULTS OF THE GENERAL MEETING OF SHAREHOLDERS
At the general meeting of Mvela Group shareholders held on Wednesday 6 June 2007
in relation to the proposed implementation by Mvela Group of a broad-based Black
Economic Empowerment ("BEE") ownership initiative to enhance and secure Mvela
Group`s BEE shareholding credentials, the resolutions for the creation of 124
425 055 redeemable option-holding shares ("BEE shares") in the authorised share
capital of Mvela Group and authorising the directors to issue the BEE shares and
the ordinary shares that may need to be issued pursuant to the exercise of the
options attached to the BEE shares, were approved by the requisite majority of
shareholders.
The special resolutions will be lodged with the Registrar of Companies on
Thursday, 7 June 2007, or as soon as possible thereafter. The BEE shares will be
issued once the special resolutions have been registered by the Registrar of
Companies.
Johannesburg
06 June 2007
Investment Bank and transaction sponsor
Standard Bank
Attorneys
Bowman Gilfillan
Sponsor
Deutsche Securities
Auditors and reporting accountants
PKF
Independent professional expert
PKF Corporate Finance
Transaction advisor
Afropulse Group
Date: 06/06/2007 16:49:01 Produced by the JSE SENS Department.
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