| Wed 18 Aug 2010, 17:29 | | REM - Remgro - Report on proceedings at Annual General Meeting |
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REM
REM
REM - Remgro - Report on proceedings at Annual General Meeting
Remgro Limited
Incorporated in the Republic of South Africa
Registration number 1968/006415/06
ISIN: ZAE000026480
Share code: REM
("Remgro")
REPORT ON PROCEEDINGS AT ANNUAL GENERAL MEETING
At the annual general meeting of Remgro held today, Wednesday, 18 August 2010
("the meeting") all the ordinary and special resolutions proposed at the meeting
were approved by the requisite majority of votes.
This included, inter alia, ordinary resolution number 14 relating to the
unbundling of 30 215 000 Trans Hex Group Limited ("Trans Hex") shares of no par
value which equate to 28.49% of the entire issued share capital of Trans Hex to
Remgro`s ordinary shareholders and "B" ordinary shareholders ("shareholders") by
way of a distribution in the ratio of 5.85 Trans Hex shares for every 100 Remgro
ordinary shares or "B" ordinary shares ("Remgro shares") held by shareholders on
the unbundling record date, as detailed in the unbundling circular posted to
shareholders on Monday, 26 July 2010.
Further to the announcements released on SENS on Monday, 21 June 2010 and
Monday, 26 July 2010, shareholders are advised that the salient dates and times
for the unbundling remain unchanged and are set out below:
2010
Last day to trade in Remgro shares in order to Friday, 3 September
participate in the unbundling on
Remgro shares trade "ex" entitlement to Trans Hex Monday, 6 September
shares in terms of the unbundling on
Record date to participate in the unbundling on Friday, 10 September
Unbundling date on Monday, 13 September
Dematerialised shareholders will have their Monday, 13 September
accounts with their CSDP or broker updated with
the Trans Hex shares received pursuant to the
unbundling on or about
Share certificates in respect of the Trans Hex Monday, 13 September
shares will be posted, by registered post, at the
risk of the certificated shareholder concerned,
to certificated shareholders on or about
Announcement of specified ratio in respect of the Wednesday, 15 September
apportionment of the cost/base cost of Trans Hex
for taxation/CGT purposes released on SENS on or
about
Note:
No dematerialisation or rematerialisation of Remgro ordinary shares may take
place between Monday, 6 September 2010, and Friday, 10 September 2010, both days
inclusive.
The special resolutions will be lodged for registration with the Companies and
Intellectual Property Registration Office in due course.
18 August 2010
Stellenbosch
Merchant bank and sponsor to Remgro and Trans Hex
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Attorneys to Remgro
Cliffe Dekker Hofmeyr Incorporated
Independent sponsor
Deloitte & Touche Sponsor Services (Proprietary) Limited
Independent reporting accountants
PricewaterhouseCoopers Inc.
Date: 18/08/2010 17:29:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
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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.
