| Fri 11 Dec 2009, 9:01 | | SIM - Simmer & Jack Mines Limited - Simmers Confirms Receipt Of A Notice |
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SIM
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SIM - Simmer & Jack Mines, Limited - 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 received a notice from Oryx Investment Management and
Hermes Asset Management ("notice") yesterday, Thursday 10 December 2009. The
notice calls on Simmers to convene an extraordinary general meeting ("EGM") of
Simmers shareholders for the purpose of:
- proposing the appointment of four new directors to the Simmers board of
directors ("Simmers board"), namely Messrs BZ Swanepoel, D Brown, SA Murray
and PM Surgey;
- removing three of the current ten Simmers board members, namely Messrs
Brunette, Berry and Miller; and
- subjecting to shareholder vote resolutions concerning the re-appointment of
any directors that may have been appointed to the Simmers board in the
three months prior to the EGM.
The company will issue a circular to shareholders if it is required to do so in
terms of the Companies Act, 1973. Shareholders are referred to the announcements
released on the Securities Exchange News Service earlier today, Friday, 11
December 2009, relating to the appointment of an interim board. Shareholders
were informed that the interim board will formally convene early in the new year
and that it will resolve to convene a general meeting of Simmers shareholders to
seek approval for the new board which with the mandate of the shareholders will
lead the company.
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 / Clemmie Raynsford +27 11 502 7400
Macquarie First South Advisers
Melanie de Nysschen/ Thembeka Mgoduso +27 11 583 2316
Johannesburg
11 December 2009
MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED
Corporate adviser and Sponsor
Date: 11/12/2009 09:01:29 Produced by the JSE SENS Department.
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