GDF
GDF
GDF - Gold Reef - Results of General Meeting
Gold Reef Resorts Limited
Incorporated in the Republic of South Africa
(Registration number 1989/002108/06)
Share code: GDF & ISIN: ZAE000028338
("Gold Reef" or "the company")
Results of General Meeting
Shareholders are advised that at the general meeting of Gold Reef held in
Johannesburg today, Ordinary Resolutions Numbers 1 and 3 relating to the
adoption of a First Addendum to the Gold Reef Share Scheme ("the Scheme"),
were passed by the requisite majority of shareholders.
The Chairman invited comments on Ordinary Resolution Number 2 relating to the
revised proposed offer of shares at par to key management. A useful debate
ensued. A shareholder suggested that this resolution be deferred until the
newly constituted Remuneration and Nominations Committee ("Remco"), comprising
Mr J C Farrant and Ms Z J Matlala, be tasked with investigating various
alternatives regarding the incentivisation and retention of key executives and
management. This suggestion was accepted by the Chairman and accordingly this
resolution was withdrawn.
Remco will report their findings to the board in due course.
Johannesburg
3 September 2008
Sponsor
Nedbank Capital
Date: 03/09/2008 16:42:01 Produced by the JSE SENS Department.
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