| Mon 23 May 2011, 17:00 | | CMA - Command Holdings Limited - Results of General Meeting; and withdrawal of |
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CMA
CMA
CMA - Command Holdings Limited - Results of General Meeting; and withdrawal of
cautionary announcement regarding the Acquisition of Comwezi Security Services
(Pty) Limited
Command Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/014759/06)
Share Code: CMA ISIN Code:ZAE000023131
("Command" or "the Company")
ANNOUNCEMENT REGARDING:
* RESULTS OF GENERAL MEETING;
* AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT *REGARDING THE ACQUISITION OF
COMWEZI SECURITY SERVICES (PTY) LIMITED ("COMWEZI")
1 Results of general meeting
Shareholders are referred to the notice of general meeting dated Monday, 11
April 2011 relating to the request from Cape Empowerment Trust Limited, Sonset
Nominees (Proprietary) Limited and Lucysat Investments (Proprietary) Limited
calling for the convening of a meeting of shareholders for the removal of Prof M
I Parker, Mr K G Druker, Ms F N Moshesh and Mr C T Vermaak as directors of
Command and the election of Mr J de Villiers, Mr M Sonik, Mr T D Rai and Mr M
Burton as directors of Command.
Shareholders are advised that at the general meeting of Command held today, none
of the ordinary resolutions was passed by the requisite majority of shareholders
present and represented by proxy.
2 Withdrawal of cautionary announcement regarding the acquisition of Comwezi
Security Services (Pty) Limited ("Comwezi")
Shareholders are referred to the terms announcement released on SENS on
Thursday, 23 December 2010 and in the press on Friday, 24 December 2010, and the
subsequent renewals of the cautionary announcements, where they were advised
that Command entered into the acquisition agreement ("the agreement") on 21
December 2010 with the trustees of the Grapsy Trust ("the Seller") to acquire
60% of the issued shares in Comwezi, and any claims the Seller has against
Comwezi, subject to the certain conditions precedent being fulfilled or waived
("the transaction").
Shareholders are hereby advised that the conditions precedent have not been
fulfilled or waived and therefore the agreement has lapsed. Accordingly,
Shareholders are no longer required to exercise caution when dealing in Command
securities.
Cape Town
23 May 2011
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Corporate law adviser
Edward Nathan Sonnenbergs Inc.
Date: 23/05/2011 17:00:02 Produced by the JSE SENS Department.
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