| Tue 20 Jul 2010, 13:30 | | BRN/BRT - Brimstone Investment Corporation Limited - Results of general meeting |
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BRT
BRN/BRT - Brimstone Investment Corporation Limited - Results of general meeting
Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
Share Code: BRT ISIN: ZAE000015277
Share Code: BRN ISIN: ZAE000015285
("Brimstone" or the "Company")
Results of general meeting
Holders of ordinary and "N" ordinary Brimstone shares ("Brimstone shareholders")
are advised that, at the general meeting of Brimstone shareholders held at The
Athenaeum, No 1 Mariendahl Lane, Boundary Terraces, Newlands, Cape Town on
Tuesday, 20 July 2010, the requisite majority of Brimstone shareholders approved
the special resolutions authorising:
* the disposal of the entire issued ordinary share capital of Newshelf 778
(Proprietary) Limited ("Share Exchange") in consideration for 128,849,235
ordinary shares in the issued share capital of Health Strategic Investments
Limited ("Health"); and
* the distribution of all of the shares held directly by the Company in
Health by way of a distribution in specie to all Brimstone shareholders
("Unbundling") in the ratio of 40 Health ordinary shares for every 100
Brimstone shares held at the close of business on the record date for the
Unbundling, being Friday, 20 August 2010, subject to the implementation of
the Share Exchange.
In addition Brimstone shareholders are advised that the requisite majority of
Brimstone shareholders voted in favour of the ordinary resolution to approve the
addendum to the Brimstone Investment Corporation Limited Share Trust.
The Share Exchange and the Unbundling will only be effected once all the
conditions precedent set out in the circular to shareholders dated Monday, 28
June 2010 have been met. Shareholders will be informed by way of an announcement
released on SENS, once all these conditions precedent have been met.
It is anticipated that Health will be listed on the exchange operated by the JSE
from the commencement of business on Monday, 16 August 2010.
Cape Town
Tuesday, 20 July 2010
Investment bank and sponsor to Brimstone
Nedbank Capital
Legal adviser to Brimstone
Edward Nathan Sonnenbergs
Date: 20/07/2010 13:30:01 Produced by the JSE SENS Department.
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