| Mon 14 Jan 2008, 15:47 | | PAL - Pals Holdings - Results Of General Meeting And Suspension |
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PAL
PAL
PAL - Pals Holdings - Results Of General Meeting And Suspension
Of Ordinary Shares
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
Share Code: PAL
ISIN: ZAE000005237
("Pals" or "the Company")
RESULTS OF GENERAL MEETING AND SUSPENSION OF ORDINARY SHARES
Pals Shareholders are advised that all resolutions, relating to the disposal by
Pals of all of the shares that it holds in its wholly-owned subsidiary, Pals
Clothing (Proprietary) Limited, in terms of section 228 of the Company`s Act,
1973 (Act 61 of 1973), as amended, to AD-Style CC, ("the disposal"), proposed at
the general meeting of shareholders held on Monday, 14 January 2008 were
approved by the requisite majority of shareholders represented in person and by
proxy.
Pals ordinary shares will be suspended from commencement of business on Tuesday,
15 January 2008 and terminated from commencement of business on Monday, 3 March
2008 if the disposal has become unconditional and if an agreement regarding the
acquisition of viable assets acceptable to the JSE Limited, has not been entered
into and announced by Pals.
Cape Town
14 January 2008
Transactional Sponsor
Deloitte and Touche Sponsor Services (Pty) Limited
Attorneys
Edward Nathan Sonnenbergs
Reporting Accountants
Mazars Moores Rowland
Independent Advisor
Moore Stephens (JHB) Corporate Finance (Pty) Ltd
Corporate Advisor
Deloitte and Touche Corporate Finance
Date: 14/01/2008 15:47:01 Produced by the JSE SENS Department.
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