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NAI NAN
NAI
NAI/NAN - New Africa Investments Limited - Results of the General Meetings
Regarding the Odd Lot Offer
New Africa Investments Limited
(Registration number 1993/002467/06)
Share code: NAI and NAN
ISIN: ZAE000033338 and ZAE000033346
("NAIL" or "the company")
RESULTS OF THE GENERAL MEETINGS REGARDING THE ODD LOT OFFER
1. Introduction
NAIL shareholders are referred to the announcement released on the
Securities Exchange News service ("SENS") of the JSE Limited ("JSE") on 3
April 2009, in terms of which they were advised that NAIL intends to make
an odd lot offer to NAIL shareholders who hold 30 or less NAIL ordinary
shares and/or 30 or less NAIL "N" shares (the "Odd Lot Offer") on the terms
as set out in that announcement.
NAIL shareholders are advised that at the relevant general meetings of NAIL
shareholders held today, in terms of the notices of general meetings
contained in the circular to NAIL shareholders posted on 3 April 2009, all
of the special and ordinary resolutions referred to below were passed by
the requisite majority of NAIL shareholders.
2. Results of general meetings
The special and ordinary resolutions authorising the company to amend
NAIL`s articles of association to accommodate the odd lot offer as well as
authorising the repurchase of the shares from those odd lot holders who
elect to sell their odd lot holdings to NAIL or who do not make a valid or
timeous election or any election at all in terms of the Odd Lot Offer, at a
price of 68 cents per share, were approved.
3. Salient dates and times
The salient dates and times as detailed in the announcement released on
SENS on 3 April 2009 remain unchanged.
The election period for the odd lot offer will open on Monday 11 May 2009,
at 09:00.
The special resolutions are expected to be registered with the Companies
and Intellectual Properties Registration Office by the close of business on
Friday, 8 May 2009. Should this not take place by the close of business on
Friday, 8 May 2009, this date as well as all subsequent dates thereto will
change and any such change will be released on SENS and published in the
press.
Sandton
30 April 2009
Investment Bank and Sponsor
Investec Bank Limited
Corporate Law Adviser
Edward Nathan Sonnenbergs
Date: 30/04/2009 12:56:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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