| Thu 24 Jan 2008, 17:31 | | AEG - Aveng - Results Of The General And Scheme Meetings Relating |
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AEG
AEG
AEG - Aveng - Results Of The General And Scheme Meetings Relating
To The Repurchase Of Shares In Aveng
Aveng Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000018081
Share Code: AEG
("Aveng") or ("the company")
RESULTS OF THE GENERAL AND SCHEME MEETINGS RELATING TO THE REPURCHASE OF SHARES
IN AVENG
1. Results of the general meeting
At the general meeting of Aveng shareholders held today, Thursday 24 January
2008, the requisite majority of shareholders approved the special and ordinary
resolutions that were proposed at the meeting enabling Aveng to proceed with the
repurchase.
The special resolutions will be lodged for registration with the Registrar of
Companies ("Registrar").
2. Results of the scheme meeting
At the scheme meeting held today, Thursday 24 January 2008, scheme members
representing 80.77% of the issued share capital of Aveng, present and voting
either in person or by proxy, approved the scheme by a 99.88% majority.
3. Conditions precedent
Aveng shareholders are reminded that the implementation of the scheme is subject
to and will only become binding upon the fulfillment of the last of the
following conditions precedent:
3.1 the special resolutions referred to in paragraph 1 above, being registered
by the Registrar;
3.2 the scheme being sanctioned by the Court; and
3.3 a certified copy of the Order of Court sanctioning the scheme being
registered by the Registrar in terms of the Companies Act.
4. Chairperson's report
A copy of the chairperson's report on the scheme meeting will be available at
Aveng's registered office situated at 204 Rivonia Road, Morningside, 2057,
during normal business hours from Friday 25 January 2008 until the date on which
the application is made to the Court to sanction the scheme, which is expected
to be 5 February 2008.
5. Further announcements
An announcement regarding the fulfillment of the outstanding conditions
precedent referred to in paragraph 3 above, will be released on SENS and
published in the press in due course.
Sandton
24 January 2008
Merchant bank and transaction sponsor to Aveng
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Sponsor to Aveng
JP Morgan Equities Limited
Corporate law advisers to Aveng
Taback and Associates
Date: 24/01/2008 17:31:18 Produced by the JSE SENS Department.
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