KNG - King Consolidated/Pocot Trust - Proposed Scheme of Arrangement: Results of
KNG
KNG
KNG - King Consolidated/Pocot Trust - Proposed Scheme of Arrangement: Results of
Scheme Meeting
KING CONSOLIDATED HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1992/006472/06)
Share code: KNG & ISIN: ZAE0000073458
("Kingco" or "the company"")
POCOT TRUST
(Registered in the Republic of South Africa)
(Registration number TM 3375)
("Pocot Trust")
PROPOSED SCHEME OF ARRANGEMENT: RESULTS OF SCHEME MEETING
The board of directors of Kingco wishes to advise shareholders that at the
scheme meeting of Kingco held on Tuesday, 29 September 2009 ("the scheme
meeting"), the scheme of arrangement ("the scheme") proposed by Pocot Trust to
the shareholders of the company (other than Pocot Trust) was approved by 99.51%
of scheme members present in person/represented by proxy and entitled to vote at
the scheme meeting.
The implementation of the scheme remains conditional upon the sanctioning
thereof by the South Gauteng High Court (Johannesburg) and the registration of
the Order of Court by the Registrar of Companies in Pretoria.
A further announcement notifying scheme members of the outcome of the court
hearing to sanction the scheme will be released on SENS and published in the
press.
By order of the board
Randburg
30 September 2009
Sponsor Independent professional advisor Attorneys
Arcay Moela Sponsors Charles Orbach & Company Fluxmans Inc.
(Proprietary) Corporate Finance (Proprietary)
Limited limited
Date: 01/10/2009 08:11:00 Produced by the JSE SENS Department.
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