| Mon 6 Dec 2010, 11:26 | | IPL / IPLP - Imperial Holdings Limited - Results of the general meeting - |
|
IPL IPLP
IPL
IPL / IPLP - Imperial Holdings Limited - Results of the general meeting -
Specific repurchase
Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
Ordinary share code: IPL ISIN: ZAE000067211
Preference share code: IPLP ISIN: ZAE000088076
("Imperial")
RESULTS OF THE GENERAL MEETING - SPECIFIC REPURCHASE
Introduction
Shareholders of Imperial are referred to the circular dated Friday, 12 November
2010, regarding the specific repurchase of 23,864,456 Imperial ordinary shares,
held as treasury stock, from its wholly-owned subsidiary Imperial Corporate
Services (Proprietary) Limited, in terms of section 85 of the Companies Act (the
"repurchase").
The price at which the treasury stock will be repurchased will be set at the
closing price of the ordinary shares at the date of implementation of such
repurchases. Such price will be no more than a 10% discount and at no premium to
the 30-day volume weighted average price of Imperial ordinary shares on the day
before the repurchase is effected. An announcement will be released on SENS to
disclose the price at which the repurchase is implemented.
Results of general meeting
Shareholders are advised that the repurchase special resolution proposed at the
general meeting held today Monday, 6 December 2010 was approved by the requisite
majority. The special resolution will be lodged for registration with the
Companies and Intellectual Property Registration Office as required by the
Companies Act, 1973, as amended, in due course.
Company Secretary
RA Venter
Bedfordview
6 December 2010
Sponsor
Merrill Lynch South Africa (Pty) Limited
Transaction advisor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/12/2010 11:26:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
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.
