MTE - Monteagle - Results Of The Extraordinary Gen
MTE
MTE
MTE - Monteagle - Results Of The Extraordinary General Meeting And The Annual
General Meeting("EGM" and "AGM")
Marshall Monteagle Holdings Societe Anonyme
(Formerly Monteagle Holdings Societe Anonyme)
(Incorporated in Luxembourg R.C. Luxembourg No. B19600)
("Monteagle" or "the Company")
Share codes: MTE
ISIN number: ISIN: LU0035797272
Results of the Extraordinary General Meeting and the Annual General Meeting
("EGM" and "AGM")
At the Company`s EGM, held on 30 March 2007, the resolutions to approve the
following were approved by the required majority:
- an offer by Monteagle to the shareholders of Marshalls Limited ("Marshalls")
to acquire the issued shares in Marshalls ("the Acquisition") that Monteagle
does not already own, as set out in the Circular to shareholders dated 8th March
2007;
- the issue by the Board of up to 4,569,701 ordinary shares (with a par value of
US$ 1.50 per share) in the share capital of the Company to the shareholders of
Marshalls on the basis of 28 Monteagle shares for every 100 shares in Marshalls
held by them at the close of business on 30 March 2007, which shares will be
issued at a share premium per share to be determined by reference to the average
JSE trading price over the 10 trading days preceding the date of the issue of
the shares and in accordance with an independent valuation report prepared by
the Independent and Statutory Auditor of the Company.
Accordingly, the offer to the Marshalls shareholders will proceed in accordance
with the timetable as published in the press on 30 March 2007.
At the AGM of the Company`s shareholders held on Friday 30 March 2007, approval
was received for the passing of all the resolutions proposed thereat. Therefore
the dividend of 2.50 US cents will be paid on 20 April 2007 to shareholders
recorded in the register on 23 March 2007.
By Order of the Board
City Group P.L.C.
Group Secretaries
Luxembourg
Sponsor
Imara Corporate Finance South Africa (Pty) Ltd
2 April 2007
Date: 02/04/2007 08:59:50 Produced by the JSE SENS Department.
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