| Fri 22 Jul 2011, 10:33 | | IFC - IFCA Technologies Limited - Results of Annual General Meeting and |
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IFC
IFC
IFC - IFCA Technologies Limited - Results of Annual General Meeting and
change to the Board of Directors
IFCA TECHNOLOGIES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/030759/06)
Share code: IFC ISIN: ZAE000088555
("IFCA" or "the Company")
RESULTS OF ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF
DIRECTORS
Shareholders are advised that, at the time of posting the notice of
annual general meeting ("AGM") ("notice") on 29 June 2011, which notice
was incorporated in the annual report for the year ended 31 December
2010, Messrs AM Barnard and ZJ van Niekerk held the positions of
executive director and Chief Executive Officer, and non-executive
director of the Company, respectively. Subsequently, on 15 July 2011
shareholders were advised by way of `Change in function of Directors`
announcement released on SENS, that Mr ZJ Niekerk had been appointed as
an executive director and Chief Executive Officer of the Company,
replacing Mr AM Barnard who however, retained an executive function.
Shareholders are advised that, at the AGM of IFCA held on 21 July 2011,
all the resolutions as set out in the notice were passed by the requisite
majority of shareholders, with the exception of ordinary resolution
number 2, "director appointment - AM Barnard - Chief Executive Officer",
and ordinary resolution number 4, "director appointment - ZJ van Niekerk
- Non-Executive", which were withdrawn at the AGM in order to ensure
that shareholders who may have voted on such resolutions prior to the
`Change in function of Directors` announcement were not prejudiced in any
way whatsoever.
Furthermore, in compliance with paragraph 3.59 of the Listings
Requirements of JSE Limited, the board of directors of IFCA hereby
notifies its shareholders that Mr AM Barnard has resigned as a director
of the Company with effect from 20 July 2011.
Shareholders will be kept informed of the date of the general meeting at
which the resolution to appoint Mr ZJ van Niekerk as an executive
director and Chief Executive Officer will be proposed.
The special resolutions will be submitted for registration at the
Companies and Intellectual Property Commission in due course.
Johannesburg
22 July 2011
Designated Adviser
Merchantec Capital
Date: 22/07/2011 10:33:02 Produced by the JSE SENS Department.
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