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BRT BRN
BRT
BRT/BRN - Brimstone Investment Corporation Limited - Results of general
meeting and directors` dealings in securities
Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
Share Code: BRT ISIN: ZAE000015277
Share Code: BRN ISIN: ZAE000015285
("Brimstone" or the "Company")
Results of general meeting and directors` dealings in securities
Results of general meeting
Holders of ordinary and "N" ordinary Brimstone shares ("Brimstone
shareholders") are advised that, at the general meeting of Brimstone
shareholders held today, all the ordinary and special resolutions required to
approve, inter alia, the specific issue of 39 140 000 new Brimstone "N"
ordinary shares for cash to the Brimstone Black Executives Investment Trust,
the Brimstone General Staff Investment Trust and the Brimstone Broad-based
BEE Trust, representing in aggregate 12.5% of Brimstone`s enlarged issued
share capital ("the transactions"), as set out in the circular to Brimstone
shareholders dated 18 November 2010 ("the circular") were passed by the
requisite majority of Brimstone shareholders present or represented by proxy.
The special resolutions will be submitted for registration at the Companies
and Intellectual Property Registration Office in due course.
Dealing in securities by a director of a major subsidiary and the company
secretary
The dealing in securities by a director of a major subsidiary and the company
secretary as a result of the transactions and as set out below, will only
take place once all the conditions precedent as set out in the circular have
been met. Brimstone shareholders will be advised by way of an announcement on
SENS once this has occurred.
Director of a major subsidiary: MI Khan
Class of securities: "N" ordinary shares
Price: 541 cents per share
Number of securities: 2 955 701
Total value: R15 990 342.41
Extent of interest: Indirect beneficial
Nature of transaction: Subscription for shares by the
Brimstone Black Executives Investment
Trust relating to the transactions (off
market)
Written clearance to
deal received: Yes
Company Secretary: T Moodley
Class of securities: "N" ordinary shares
Price: 541 cents per share
Number of securities: 2 955 701
Total value: R15 990 342.41
Extent of interest: Indirect beneficial
Nature of transaction: Subscription for shares by the
Brimstone Black Executives Investment
Trust relating to the transactions (off
market)
Written clearance to
deal received: Yes
Cape Town
Friday, 10 December 2010
Corporate advisor, investment bank and sponsor to Brimstone
Nedbank Capital
Attorneys to Brimstone
Cliffe Dekker Hofmyer Inc.
Financial communications adviser to Brimstone
College Hill
Independent reporting accountants to Brimstone
Deloitte & Touche
Independent expert to Brimstone
Ernst & Young
Date: 10/12/2010 12:57:02 Produced by the JSE SENS Department.
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