| Wed 21 Jul 2010, 15:34 | | ILV - Illovo Sugar Limited - Results of annual general meeting and finalisation |
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ILV
ILV
ILV - Illovo Sugar Limited - Results of annual general meeting and finalisation
announcement in respect of the final capital reduction distribution out of share
premium of 54.0 cents per share
ILLOVO SUGAR LIMITED
(Incorporated in the Republic of South Africa)
Company registration number 1906/000622/06
Share Code: ILV
ISIN: ZAE000083846
("Illovo")
RESULTS OF ANNUAL GENERAL MEETING AND FINALISATION ANNOUNCEMENT IN RESPECT OF
THE FINAL CAPITAL REDUCTION DISTRIBUTION OUT OF SHARE PREMIUM OF 54.0 CENTS PER
SHARE
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting held today,
Wednesday 21 July 2010, all the resolutions as proposed in the Notice of the
Annual General Meeting, were approved by the requisite majorities of members.
These resolutions included -
- the resolutions to make distributions to shareholders by way of a reduction
in share premium;
- the necessary special resolution relating to the specific authority to
repurchase shares in terms of the odd-lot and specific offers; and the
ordinary resolution to make and implement the odd-lot offer.
The aforementioned special resolution will be lodged with the Registrar of
Companies on or about Wednesday, 28 July 2010, and a finalisation announcement,
with respect to the odd-lot and specific offers, confirming the registration of
the special resolution, is expected to be released on or about Thursday, 29 July
2010. An announcement regarding the results of the odd-lot and specific offers
will be made following the closing of the offers on Friday, 13 August 2010.
FINALISATION ANNOUNCEMENT IN RESPECT OF THE FINAL CAPITAL REDUCTION DISTRIBUTION
OUT OF SHARE PREMIUM
Further to the announcement released on SENS on 31 May 2010 and the passing of
the relevant aforementioned resolutions, Illovo advises that all conditions
precedent have been met and accordingly the distribution by way of a capital
reduction out of share premium will proceed as announced. The salient dates are
set out below:
2010
Last day to trade cum the capital distribution Friday, 30 July
Shares commence trading ex the capital distribution Monday, 2 August
Record date Friday, 6 August
Payment of the final capital distribution Tuesday, 10 August
Illovo share certificates may not be dematerialised / rematerialised between
Monday, 2 August 2010 and Friday, 6 August 2010, both days inclusive.
Mount Edgecombe
21 July 2010
Sponsor:
J.P. Morgan Equities Limited
Attorneys:
Garlicke & Bousfield Inc
Investment bank and transaction sponsorfor the odd-lot and specific offers:
Standard Bank
Date: 21/07/2010 15:34:26 Produced by the JSE SENS Department.
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