VLE - Value Group Limited - Results of general meeting relating to the proposed
VLE
VLE
VLE - Value Group Limited - Results of general meeting relating to the proposed
black economic empowerment transaction ("bee transaction") and pro rata
voluntary share repurchase offer ("repurchase offer")
Value Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/002203/06)
Share code: VLE
ISIN: ZAE000016507
("Value Group")
RESULTS OF GENERAL MEETING RELATING TO THE PROPOSED BLACK ECONOMIC EMPOWERMENT
TRANSACTION ("BEE TRANSACTION") AND PRO RATA VOLUNTARY SHARE REPURCHASE OFFER
("REPURCHASE OFFER")
Value Group shareholders are referred to the circular dated Thursday 1 July 2010
(the "circular") relating to the BEE transaction and repurchase offer and are
advised that at the general meeting held on Friday 23 July 2010, all the
ordinary- and special resolutions contained in the notice of general meeting
attached to the circular were approved by the requisite majority of Value Group
shareholders.
The special resolutions will be lodged for registration with the Companies and
Intellectual Property Registration Office and a finalisation announcement
confirming the registration thereof will be released on SENS on or about
Thursday 5 August 2010.
A further announcement regarding the results of the repurchase offer will be
made following the closing of the repurchase offer on Friday 20 August 2010.
By order of the board
Johannesburg
23 July 2010
Sponsor Reporting accountants Attorneys to Value Group
Investec Charles Orbach & Bowman Gilfillan Inc.
Company
Corporate advisor Attorneys to Phosa Independent Professional
SPV Expert
Charles Orbach & Brian Kahn Inc. Mazars Corporate Finance
Company Corporate (Pty) Ltd
Finance (Pty) Ltd
Date: 23/07/2010 12:09:07 Produced by the JSE SENS Department.
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