| Thu 9 Apr 2009, 16:40 | | RNG - Randgold & Exploration Company Limited - Results of scheme meeting and |
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RNG
RNG
RNG - Randgold & Exploration Company Limited - Results of scheme meeting and
renewal of cautionary announcement
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG (Suspended)
ISIN: ZAE000008819
("R&E" or "the company")
RESULTS OF SCHEME MEETING AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
R&E shareholders are referred to the JCI Limited ("JCI") announcement released
on SENS today, 9 April 2009, and are advised that at the reconvened scheme
meeting of JCI shareholders held on Thursday, 9 April 2009, the scheme of
arrangement ("the scheme") in terms of section 311 of the Companies Act (61 of
1973)(as amended), proposed by R&E between JCI and its shareholders excluding
R&E ("scheme members") was not approved by the requisite majority of scheme
members present and voting in person or by proxy at the reconvened scheme
meeting. As such, in the absence of such approval, the scheme of arrangement as
proposed by R&E, cannot be effected, and the proposed merger between R&E and JCI
has therefore lapsed. R&E shareholders will, in due course, be advised as soon
as the board of R&E has considered its position and best possible courses of
action.
The results of the reconvened scheme meeting will be reported to the South
Gauteng High Court, Johannesburg on Tuesday, 12 May 2009 and the chairman`s
report of the proceedings of the reconvened scheme meeting will be available,
free of charge, to any scheme member, on request, during normal business hours
from Tuesday, 15 April 2009 up to and including Tuesday, 12 May 2009 at the
office of JCI at 10 Benmore Road, Morningside, Sandton.
Renewal of cautionary announcement
In light of the above, and further to the cautionary announcement to R&E
shareholders, released on SENS on 6 March 2009, shareholders are advised to
continue to exercise caution in trading their shares over the counter until such
time as a further announcement is made in this regard.
Johannesburg
9 April 2009
PSG Capital (Pty) Limited: Sponsor
Van Hulsteyns: Attorneys to R&E
Date: 09/04/2009 16:40:02 Produced by the JSE SENS Department.
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