| Fri 20 Aug 2010, 16:01 | | PKH - Protech Khuthele Holdings Limited - Correction: posting of annual report |
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PKH
PKH
PKH - Protech Khuthele Holdings Limited - Correction: posting of annual report
and notice of annual general meeting
Protech Khuthele Holdings Limited
Incorporated in the Republic of South Africa
Registration number 2000/024352/06
JSE code: PKH ISIN: ZAE000101986
("Protech" or "the Company")
CORRECTION: POSTING OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
("AGM")
Regarding the no change statement announced on SENS on 30 July 2010 we wish to
advise shareholders of the following:
Annual report
It has come to the attention of Protech that the company responsible for mailing
the 2010 annual report, despite having confirmed to Protech that the annual
reports had been mailed to shareholders, had in fact failed to mail the reports
prior to the 21 day notice period for the Company`s AGM. The annual report will
now only be received by shareholders during the week of 23 August 2010 and
contains no modifications to the audited results released on 31 May 2010. The
company responsible for this error has apologised profusely to shareholders for
the inconvenience caused.
Annual general meeting
As a consequence of the abovementioned oversight, Protech`s annual general
meeting, scheduled for Monday 23 August 2010, will be postponed to Wednesday, 22
September 2010 at 08h00 at the Hertford Country Hotel.
Changes to board composition
Protech also wishes to inform shareholders that resolution 2 in the original
Notice of AGM has been amended. The Company at all times strives to comply with
the recommendations contained in the King Report on corporate governance, 2009
("King III"). As a result, Dirk Ackerman (Chairman) and Pieter van Tonder (Non-
executive director) have elected not to stand for re-election to the board in
view of the King III recommendation for the board to have a majority of
independent non-executive directors. Suitable independent candidates with the
requisite level of independence, skills, qualifications and experience, have
already been identified to fill vacant positions on the board and the
appropriate announcements will be communicated to shareholders as soon as the
necessary formalities have been attended to.
The AGM notice, highlighting the new date and venue of the meeting as well as
the change to the above resolution, will be mailed to shareholders on Monday 23
August 2010.
Johannesburg
20 August 2010
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 20/08/2010 16:01:04 Produced by the JSE SENS Department.
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