| Fri 29 Jun 2007, 13:19 | | SUI - Sun International - Results of the Scheme an |
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SUI
SUI
SUI - Sun International - Results of the Scheme and General Meetings
Sun International Limited
(Registration number 1967/007528/06)
Share code: SUI ISIN: ZAE000070678
("Sun International" or "the company")
RESULTS OF THE SCHEME AND GENERAL MEETINGS
1. INTRODUCTION
Further to the announcement published on the Securities Exchange News Service
("SENS") of the JSE Limited and in the press on Wednesday, 6 June 2007 and
Thursday, 7 June 2007, Investec Bank Limited is authorised to announce that:
1.1 The scheme of arrangement ("the scheme") in terms of section 311 of
the Companies Act, 1973, as amended, proposed by Sun International and
its wholly owned subsidiary, Sun International Investments No. 2
Limited ("Sun International Investments No. 2") between Sun
International and its ordinary shareholders other than Dinokana
Investments (Proprietary) Limited ("Dinokana"), the Sun International
Employee Share Trust (the trustees of which have agreed in writing to
be excluded from the scheme), Sun International Investments No. 2 and
the participants of the Sun International Deferred Bonus Plan 2005
(collectively "the excluded shareholders") ("the scheme members") has
been approved by 97.79% of the votes exercised by the scheme members
present in person, by proxy or represented at the scheme meeting held
on Friday, 29 June 2007.
Application will be made to the High Court of South Africa
(Witwatersrand Local Division) ("the Court") on Tuesday, 10 July 2007
at 10:00 or as soon thereafter as Counsel may be heard for an order
sanctioning the scheme. The Court is located in the High Court
Building, von Brandis Square, corner Pritchard and von Brandis
Streets, Johannesburg.
A further announcement regarding the outcome of the application to the
Court will be published on or about Tuesday, 10 July 2007.
1.2 At the general meeting held on Friday, 29 June 2007, Sun International
shareholders passed all the resolutions proposed thereat, including
the special resolutions authorising the acquisition by Sun
International and Sun International Investments No. 2 of Sun
International ordinary shares in terms of the scheme and the ordinary
resolution placing the unissued preference shares in the capital of
Sun International under the control of the directors as a specific
authority.
2. CONDITIONS PRECEDENT
If the Court sanctions the scheme, the only remaining conditions precedent
will be the registration by the Registrar of Companies of the Order of
Court sanctioning the scheme and the special resolutions passed at the
general meeting.
3. SCHEME CHAIRMAN`S REPORT
Copies of the Scheme Chairman`s report on the scheme meeting will be
available on request from Monday, 2 July 2007 during normal business hours
from the secretary of Sun International at its registered office at 27
Fredman Drive, Sandown, Sandton or from the office of the transfer
secretaries, Computershare Investor Services 2004 (Proprietary) Limited,
Ground Floor, 70 Marshall Street, Johannesburg.
4. FURTHER ANNOUNCEMENT
A further announcement regarding the outcome of the application to the
Court, and the final salient dates and times of the scheme will be made to
shareholders in due course.
Sandton
29 June 2007
Investment Bank Sponsor Corporate law adviser
(Investec Corporate (Investec ) (Edward Nathan Sonnenberg )
Finance )
Date: 29/06/2007 13:19:01 Produced by the JSE SENS Department.
