| Wed 14 Feb 2001, 0:00 | | Greenwich - Results Of General Meeting |
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Greenwich Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/010795/06
("Greenwich" or "the Company")
Results of general meeting
Results
At the general meeting of shareholders held on 12 February 2001, all of the
resolutions proposed thereat were duly passed by the requisite majority of
shareholders, and, where applicable, are in the process of being registered by
the Registrar of Companies. The resolutions which were passed, included, inter
alia:
- the acquisition of all the shares of Mettle Limited by way of an issue of 522
225 076 new Greenwich shares;
- increasing Greenwich's authorised share capital from R500 000 to R1 500 000
by the creation of 1 000 000 000 new ordinary shares of 0,1 cent each;
- changing the name of the Company from Greenwich Group Limited to Mettle
Limited;
- the appointment of John Copelyn, Gavin O Connor, Heine Prinsloo, Mohamed
Ahmed,
Marcel Golding and Daneel van der Walt as directors of Greenwich; and
- the waiver of the obligation on Merilyn Investments (Proprietary) Limited, in
terms of Rule 8 of the Securities Regulation Code on Take-overs and Mergers, to
make a mandatory offer to shareholders of the Company.
There are still certain suspensive conditions outstanding which, in terms of
the relevant agreement, are to be completed prior to the end of February 2001.
Change of dates
We draw your attention to a change of dates for the listing of shares on the
JSE Securities Exchange South Africa ("JSE"), the change of name of the Company
and the posting of new share certificates from Monday, 19 February 2001 to
Monday, 26 February 2001.
The above dates are subject to amendment. Any amendment to the above dates will
be published in the press.
Listing
The JSE has agreed, with effect from the commencement of business on Monday, 26
February 2001, to amend the Company's listing for:
- the change of name to Mettle Limited, abbreviated to "Mettle" with the
clearing house code "MEL"; and
- the listing of 739 608 261 ordinary shares of 0,1 cent each in the Financial
- "Financial Services" sector of the Main Board.
Only new documents of title reflecting the changes will be good for delivery on
the JSE for transactions entered into from the commencement of business on
Monday, 26 February 2001.
All dealings in Greenwich shares for the week ending 23 February 2001 will be
for immediate settlement.
Johannesburg
14 February 2001
Corporate adviser to Greenwich
Greenwich Capital (Pty) Ltd
(Registration number 1997/010123/07)
Sponsoring brokers
ABSA Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
(Registration number 1973/010789/07)
Greenwich Securities (Pty) Ltd
(Registration number 1997/009716/07)
Member of the Johannesburg Stock Exchange
Corporate adviser to Mettle
Mettle Limited
Reg. No.1965/010057/06
Reporting accountant
PricewaterhouseCoopers Inc.
(Registration no. 1998/012055/21)
Attorneys to Greenwich
Werksmans Attorneys
Attorneys to Mettle
Prinsloo, Tindle & Andropoulos Inc. Attorneys
