ITE - Italtile Limited - Results of the General Me
ITE
ITE
ITE - Italtile Limited - Results of the General Meeting
Italtile Limited
(Registration number 1955/000558/06)
JSE code: ITE & ISIN code: ZAE000003679
("Italtile" or "the company")
RESULTS OF THE GENERAL MEETING
Shareholders are advised that at the general meeting of Italtile
shareholders held on Thursday 12 July 2007, all resolutions relating to:
- the company`s proposed black economic empowerment transaction ("the BEE
transaction");
- the sub-division of share capital;
- the adoption of new articles of association; and
- the adoption of new employee share incentive schemes,
(collectively "the corporate actions") were approved by the requisite
majorities of shareholders.
The implementation of the corporate actions is subject to the special
resolutions relating to the corporate actions being registered by the
Registrar of Companies. The salient times and dates relating to the
corporate actions are set out in the circular to shareholders dated 20 June
2007. Any changes to these salient times and dated will be announced on SENS
and in the press. In addition, the implementation of the BEE transaction is
subject to Section 38(2A) of the Companies Act coming into effect. At the
date of this announcement, although Section 38(2A) has been enacted, no
effective date has yet been declared. A further announcement relating to the
implementation of the BEE transaction will be released on SENS and published
in the press as soon as Section 38(2A) comes into effect.
Bryanston
12 July 2007
Corporate and legal advisor
Rabin and Associates (Proprietary) Limited
Attorneys
Routledge Modise Attorneys
Reporting Accountants
Ernst & Young Incorporated
Independent Expert
PKF Corporate Finance (Proprietary) Limited
Transaction sponsor
Java Capital (Proprietary) Limited
Date: 12/07/2007 15:05:11 Produced by the JSE SENS Department.
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