ATR
ATR
ATR - Actowers- Approval of the JK Shelters (Pty) Limited acquisition received
by shareholders at the general meeting
Africa Cellular Towers Limited
(Incorporated in the Republic of South Africa)
(Registration number 2000/027374/06)
JSE code: ATR & ISIN: ZAE000088084
("ACTOWERS" or "the company")
APPROVAL OF THE JK SHELTERS (PTY) LIMITED ACQUSITION RECEIVED BY SHAREHOLDERS AT
THE GENERAL MEETING
INTRODUTION
Shareholders are referred to the announcement dated 9 July 2007 and the
subsequent circular posted to shareholders on 20 August 2007 containing details
of the agreement entered into by the company for the acquisition of 100% of the
ordinary shares in and all shareholders claims against JK Shelters (Pty) Limited
from Jose Carlos Da Santa Clara and Margeretha Louisa Christina Kruger ("JK
Shelters transaction").
2. RESULTS OF THE GENERAL MEETING
The board of directors of the company advise that, at the General Meeting of
shareholders held at the registered offices of the company today, the ordinary
resolution approving the JK Shelters transaction as set out in the notice of
General Meeting contained in the circular, was duly passed by the requisite
majority votes.
3. CONDITIONS PRECEDENT TO THE JK SHELTERS TRANSACTION
As the JK Shelters transaction has been approved by the shareholders of ACTOWERS
in terms of the Listings Requirements of the JSE Limited, the only outstanding
condition precedent is the approval of the transaction by the Competition
Commission.
Shareholders will be notified once the JK Shelters transaction becomes
unconditional.
Johannesburg
5 September 2007
Designated Adviser
Exchange Sponsors (Pty) Limited
Date: 05/09/2007 15:15:40 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
