| Thu 29 Sep 2011, 13:51 | | PSV - PSV Holdings Limited - Results of the Annual General Meeting the |
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PSV
PSV
PSV - PSV Holdings Limited - Results of the Annual General Meeting, the
General Meeting and changes to the board
PSV HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004365/06)
JSE code: PSV
ISIN: ZAE000078705
("PSV" or "the Company")
RESULTS OF THE ANNUAL GENERAL MEETING, THE GENERAL MEETING AND CHANGES
TO THE BOARD
RESULTS OF THE ANNUAL GENERAL MEETING
PSV advises that, at the annual general meeting held today ("Thursday,
29 September 2011"), ordinary resolutions numbers 1 and 2 and special
resolution number 1 were not approved by the requisite majority of
shareholders. All other resolutions set out in the notice of annual
general meeting were passed by the requisite majority of shareholders.
As a consequence of shareholders not approving the aforementioned
resolutions:
1. Mrs Chimombe-Munyoro , Messrs MM Patel and GS Nzalo, the non-
executive directors of the company, were not re-elected to the
board;
2. The Audit Committee was not elected; and
3. The proposed remuneration to be paid to non-executive directors
for the ensuing year was not approved.
Shareholders are advised that the board of directors will fill the
vacancies of the audit committee within 40 business days as
contemplated in section 94(6) in the 2008 Companies Act.
RESULTS OF THE GENERAL MEETING
PSV advises that, at the general meeting of shareholders held today,
all resolutions relating to the disposal of Group Line Projects
Proprietary Limited were approved by the requisite majority.
CHANGE TO THE BOARD
Further to the changes to the board set out above, PSV also advises the
change of status of Mr DJ Kelly from executive director to non-
executive director effective from 30 September 2011.
Germiston
29 September 2011
Designated Adviser
Vunani Corporate Finance
Date: 29/09/2011 13:51:01 Produced by the JSE SENS Department.
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