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HAL
HAL
HAL - Halogen Holdings Societe Anonyme - Results Of Extraordinary General
Meeting And Update On Board Of Directors
Halogen Holdings Societe Anonyme
(Incorporated in Luxembourg RC Luxembourg No. B 39773)
("Halogen" or "the Company")
ISIN: LU0216267913
Share Code: HAL
RESULTS OF EXTRAORDINARY GENERAL MEETING AND UPDATE ON BOARD OF DIRECTORS
At the Company`s Extraordinary General Meeting, held on 28 September 2007, the
resolutions to approve the following were approved by the required majority of
Halogen shareholders:
- the issue to shareholders of warrants exercisable on 30 May 2008 ("2008
Warrants") on the basis of one 2008 Warrant for every three Halogen shares
at close of business on 17 August 2007, where each 2008 Warrant will
entitle its holder to subscribe for one Halogen share at a price of GBP0.85
on 30 May 2008;
- the issue to those warrant holders who exercise 2008 Warrants of warrants
exercisable on 31 May 2011 ("2011 Warrants") on the basis of two 2011
Warrants for every 2008 Warrant exercised, where each 2011 Warrant will
entitle its holder to subscribe for one Halogen share at a price of GBP0.85
on 31 May 2011; and
- the authorisation of the Board of Directors to issue shares or options over
shares representing up to a maximum of 4% of the fully diluted share
capital of the Company to employees of the Company and employees and
directors of its subsidiaries or to any trust empowered to hold shares on
their behalf.
Shareholders will receive their certificates for 2008 Warrants by the end of
October 2007.
In addition, the board of Halogen announces that Mr. A.R.C. Barclay and Mr. C.P.
Jousse have resigned as directors with effect from 30 September 2007 and thanks
them for their many years of service to the Company. In their places Mr. E.J.
Beale and Mr. L.H. Marshall have been appointed directors of the Company with
effect from 1 October 2007. The reason for this change is that Mr. Beale and
Mr. L.H. Marshall are directors of the Company`s new investment Heartstone Inns
Limited.
Edward Beale is the chief executive of City Group P.L.C., Halogen`s secretaries.
He is a chartered accountant and is a non-executive director of Finsbury Food
Group plc and Heartstone Inns Limited. He is the Chairman of the Corporate
Governance Committee of the Quoted Companies Alliance (a U.K. pressure group
acting on behalf of smaller quoted companies) and a member of the Accounting
Standards Committee of the Financial Reporting Council (the UK`s independent
regulator responsible for promoting confidence in corporate reporting and
governance).
Lloyd Marshall is a director of City Group P.L.C., Halogen`s secretaries and a
non-executive director of Heartstone Inns Limited. He is also involved with
Monteagle Holdings S.A. (which owns 49.9% of Halogen) where he is responsible
for banking and investment portfolio administration within that group and is a
director of various subsidiary companies of that group in Europe, U.S.A. and
South Africa.
By Order of the Board
City Group P.L.C.
Group Secretaries
Luxembourg
2 October 2007
Sponsor
Imara Corporate Finance South Africa (Pty) Ltd
Date: 02/10/2007 17:55:02 Produced by the JSE SENS Department.
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