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JSE GLD
GLD
GLD - NewGold - Notice Of Meeting Of Newgold Debenture Holders
NewGold Issuer Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2004/014119/06)
Share code: GLD
ISIN code: ZAE000060067
("NewGold")
NOTICE OF MEETING OF NEWGOLD DEBENTURE HOLDERS
Notice is hereby given that a meeting of NewGold debenture holders will be
held at 15 Alice Lane, Sandton, 2196 on 17 March 2010 at 10h00 for the
purpose of considering and, if deemed fit, adopting with or without
modification, the resolutions set out in the Notice of Meeting(a fully copy
of which can be found at
http://www.absacapitaletfs.com/Products/ETFs/NewGold/Pages/default.aspx), in
the manner required by the Terms and Conditions of the Gold Bullion
Debentures set out in Annexure A of the Prospectus dated 27 October 2004 (the
"Debenture Terms and Conditions"), a copy of which is available for
inspection at the registered office or on the official website.
Reason for and effect of the proposed resolutions:
The King Code of Governance Principles recommends a minimum of 3 independent
directors in publicly listed companies. The current articles provide for 2
independent directors.
In addition, given the recent demand for Gold Bullion Debentures in Botswana,
NewGold intends making application to the Botswana Stock Exchange for the
secondary listing of NewGold on the Botswana Stock Exchange. In order to
facilitate this and additional listings in the future, it is necessary to
broaden the powers of NewGold as contained in the memorandum and articles of
association and the Debenture Terms and Conditions (collectively the
"Constitutional Documents").
The board of directors therefore believes it opportune to:
1. Rectify some errors contained in the Constitutional Documents; and
2. Increase the minimum number of directors in order for 3 independent
directors to be appointed in accordance with recommendations set out in
the King Report and Code of Governance; and
3. Expand NewGold`s powers as contained in the memorandum and articles of
association to allow for additional debentures to be created for the
purpose of tracking other asset classes; and
A full set of the proposed amendments will be available for inspection at the
registered office from 22 February 2010 until 18 March 2010 during normal
business hours or on the official website
http://www.absacapitaletfs.com/Products/ETFs/NewGold/Pages/default.aspx.up to
and including the date of the meeting.
22 February 2010
Sponsor
J.P. Morgan Equities Limited
Date: 22/02/2010 08:00:02 Produced by the JSE SENS Department.
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