SEP - Sephaku Holdings - Results of general meeting and finalisation
SEP
SEP
SEP - Sephaku Holdings - Results of general meeting and finalisation
announcement for the distribution of shares in Incubex Minerals Limited
Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
("Sephaku Holdings" or "the company")
Results of general meeting and finalisation announcement for the distribution of
shares in Incubex Minerals Limited ("Incubex")
Shareholders are advised that all the resolutions which were proposed at the
general meeting held on 15 October 2010 were passed with the requisite
majorities of votes.
The conditions precedent to the distribution to Sephaku Holdings shareholders,
as a dividend in specie, of all of the issued shares in Incubex in the ratio of
one Incubex share for every ten Sephaku Holdings shares held on the record date
("the distribution") have therefore been fulfilled and the distribution will
therefore proceed in accordance with the dates set out in the announcement dated
30 September 2010.
Furthermore, all conditions precedent to the issue of shares for cash by Sephaku
Cement (Pty) Limited, an 80.22% held subsidiary of Sephaku Holdings, to Dangote
Industries Limited ("Dangote") in order to settle a loan of R75.4 million and
for the subscription of shares in an amount of R703.4 million ("the Dangote
issue") have therefore also been fulfilled.
Pretoria
15 October 2010
Sponsor and corporate advisor to Sephaku Holdings
QuestCo
Date: 15/10/2010 12:05:01 Produced by the JSE SENS Department.
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