| Fri 7 Oct 2011, 12:28 | | RBX - Raubex Group Limited - Results of Annual General Meeting |
|
RBX
RBX
RBX - Raubex Group Limited - Results of Annual General Meeting
RAUBEX GROUP LIMITED
(Previously Lexpub 49 Investments Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
JSE Share code: RBX
ISIN: ZAE000093183
("Raubex" or "the Group")
Results of Annual General Meeting
Raubex shareholders are advised that at the Annual General Meeting of
members held on Friday, 7 October 2011, all resolutions as proposed in the
Notice of the Annual General Meeting were approved by the requisite
majority of members other than ordinary resolution number 6, relating to
the general authority to issue shares for cash, which was withdrawn prior
to the meeting. The special resolutions passed will be lodged with the
Companies and Intellectual Property Commission for registration in due
course.
Raubex`s chairman, Collin Matjila, made the following comments at the
Annual General Meeting:
"Market conditions remain extremely challenging in our sector, resulting in
sustained margin pressures since year end.
Although the medium-term outlook still factors South Africa`s transport
infrastructure receiving a major overhaul and improvement, we maintain a
cautious outlook towards government`s policy on future tolling projects,
which are an essential funding mechanism for large Public Private
Partnership initiatives on the country`s roads.
Beyond our borders, activities have shown good growth whilst we continue to
focus on removing inefficiencies and reducing the impact of exogenous
factors on certain contracts. The Group`s internationalisation plans remain
unchanged and opportunities are constantly being explored to sustain long-
term growth.
Whilst we continue to monitor the turmoil across many of the world`s
economies and possible impact on the regional environment, based on current
trading as well as Raubex`s experience of previous industry specific down-
cycles, we remain confident that the Group will be able to maintain a
healthy financial position for the remainder of the financial year."
ENQUIRIES
Raubex Group Limited +27 12 665 3226
Francois Diedrechsen, Commercial and Financial Director
College Hill +27 11 447 3030
Frederic Cornet +27 83 307 8286
Morne Reinders +27 82 815 1844
www.raubex.co.za
Investment Bank and Sponsor
Investec Bank Limited
Johannesburg
7 October 2011
Date: 07/10/2011 12:28:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
