|
KDV
KDV
KDV - KayDav - Results of general meeting
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV & ISIN: ZAE000108940
("KayDav" or "the company")
RESULTS OF GENERAL MEETING
INTRODUCTION
Shareholders are referred to the announcement released by the company over
SENS on 26 November 2009 and the circular issued to shareholders on 1 March
2010 ("the circular") detailing the terms and conditions of a specific
repurchase of KayDav ordinary shares by the company from each of Stanlib Asset
Management Limited ("Stanlib") and Peregrine Equities (Proprietary) Limited
("Peregrine Equities") ("the specific repurchases").
At the general meeting of KayDav shareholders held on Tuesday, 23 March 2010
(convened pursuant to the notice of general meeting contained in the
circular), all of the resolutions proposed thereat including the special
resolutions relating to the specific repurchase of 22 600 000 KayDav ordinary
shares from Stanlib and 29 000 000 KayDav ordinary shares from Peregrine
Equities, were approved by the requisite majority of shareholders. The special
resolutions relating to the specific repurchases will be lodged for
registration with the Registrar of Companies forthwith.
DE-LISTING AND CANCELLATION OF REPURCHASED KAYDAV ORDINARY SHARES
Application shall be made to the JSE Limited ("JSE") for the de-listing from
the JSE of the KayDav ordinary shares to be acquired by KayDav pursuant to the
specific repurchases, with effect from on or about Wednesday, 7 April 2010.
Such ordinary shares shall be cancelled against registration of the
repurchased KayDav ordinary shares into the name of the company.
MANDATORY OFFER AND FURTHER ANNOUNCEMENT
The implementation of the specific repurchases constitutes an "affected
transaction" for the purposes of the Securities Regulation Code on Takeovers
and Mergers ("the Code") which gives rise to the requirement for certain
shareholders who/which may be regarded by the Securities Regulation Panel as
acting in concert to make a mandatory offer under the Code at the 30 cents
price per KayDav ordinary share payable under the specific repurchases ("the
offer").
A further comprehensive announcement, regarding the offer, will be issued in
due course.
Johannesburg
23 March 2010
Sponsor
Java Capital (Proprietary) Limited
Date: 23/03/2010 16:18:01 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
