| Mon 16 Nov 2009, 16:19 | | SIM - Simmer & Jack Mines - Simmers confirms receipt of a notice |
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SIM
SIIF
SIM - Simmer & Jack Mines, - Simmers confirms receipt of a notice
Simmer & Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/007778/06)
Share code: SIM
ISIN Code: ZAE000006722
("Simmers" or the "company")
SIMMERS CONFIRMS RECEIPT OF A NOTICE
Simmers confirms that it has received a notice from the joint provisional
liquidators of Xelexwa Investment Holdings (Pty) Limited (in liquidation) and a
letter on a Vulisango Holdings (Pty) Limited ("Vulisango") letterhead signed by
the CEO of Vulisango, Mr Valence Watson ("notice"). The notice calls on Simmers
to convene an extraordinary general meeting of Simmers shareholders for the
purpose of:
- proposing the appointment of eight new directors to the Simmers board of
directors ("Simmers board"); and
- removing four of the current six Simmers board members, namely Messrs
Brunette, Berry, Miller and Meyer.
The company is reviewing the notice and shareholders will be informed of any
developments in due course. Shareholders are referred to the announcements
released on the Securities Exchange News Service ("SENS") on 21 September 2009
and to the `Chairman`s letter to shareholders` dated 2 October 2009, released on
SENS on the same day, all of which are available on the company`s website,
www.simmers.co.za, for further information.
As part of its ongoing commitment to transformation, the Simmers Nominations
Committee is making good progress in identifying suitable historically
disadvantaged South African candidates to replace those directors who resigned.
For further information please contact:
Gail Strauss (Communications) +27 82 936 8481
Nick Goodwin (Investor relations) +27 83 629 8605
Brunswick (on behalf of Simmers)
Byron Kennedy / Marina Bidoli +27 11 502 7400
Johannesburg
16 November 2009
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
Sponsor
Date: 16/11/2009 16:19:02 Produced by the JSE SENS Department.
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