SNU - Sentula Mining Limited - Results of General Meeting
SNU
SNU
SNU - Sentula Mining Limited - Results of General Meeting
Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU & ISIN: ZAE000107223
("Sentula")
RESULTS OF GENERAL MEETING
Shareholders are advised that at the general meeting of Sentula held on
Tuesday, 30 March 2010, convened in terms of the notice of general meeting
contained in the circular to shareholders dated 15 March 2010, the
resolutions necessary to approve and implement the disposal by Sentula to
Optimum Coal Holdings (Proprietary) Limited of Sentula`s 49.998% interest in
and shareholder claims against Siyanda Coal (Proprietary) Limited, the
company that operates the Koornfontein Coal Mine, for an aggregate cash
consideration of R670 million ("the Koornfontein Sale"), were passed by the
requisite majority of shareholders.
Accordingly, the last remaining condition precedent pertaining to the
Koornfontein Sale, being the approval by a majority of Sentula shareholders
at the general meeting, has now been fulfilled and the transaction has become
effective.
Johannesburg
30 March 2010
Sponsor
Merchantec Capital
Date: 30/03/2010 11:29:01 Produced by the JSE SENS Department.
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