Relyant / Renaissance - Results Of General Meeting
RELYANT RETAIL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/010108/06)
("Relyant")
RENAISSANCE RETAIL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006790/06)
("Renaissance")
Results of general meeting
Investec Bank Limited is authorised to announce that the ordinary and special
resolutions necessary to implement, inter alia, the following:
* the acquisition by Relyant of the South African furniture and bedding
businesses of Renaissance ("the acquisition");
* the proposed amendments to Relyant's Articles of Association; and
* the proposed amendment to the terms governing the Relyant Share Purchase and
Option Scheme, were passed by the requisite majority of Relyant shareholders at
the general meeting of Relyant shareholders held on Friday, 2 March 2001.
Relyant shareholders and Renaissance shareholders are advised that all the
conditions precedent relating to the acquisition have therefore been fulfilled,
or waived, as the case may be, and the acquisition has therefore become
unconditional in all respects.
Johannesburg
5 March 2001
Merchant bank to Relyant
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Sponsor to Relyant
Investec Bank Limited
(Registration number 1969/004763/06)
Legal advisor to Relyant
Peter Dawe and Associates
Reporting accountants to the acquisition
Deloitte & Touche
Corporate and legal advisor to Renaissance
Nucleus Corporate Finance (Proprietary) Limited
(Registration number 98/23924/07)
Joint sponsors to Renaissance
Appleton Securities
Registration number 1998/014853/07
Member of the JSE Securities Exchange South Africa
Irish & Menell Rosenberg (Pty) Ltd
Trading as Appleton Securities
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
Broker to the acquisition
Vestacor Corporate Finance
(A division of Vestacor Holdings (Pty) Limited)
(Registration number 1997/022546/07)
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