ADR - Adcorp Holdings Limited - Results of the Adcorp General Meeting
ADR
ADR
ADR - Adcorp Holdings Limited - Results of the Adcorp General Meeting
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share Code: ADR ISIN: ZAE000000139
("Adcorp" or "the Company")
RESULTS OF THE ADCORP GENERAL MEETING
INTRODUCTION
Adcorp shareholders ("Shareholders") are referred to the joint
announcement by Adcorp and Paracon Holdings Limited ("Paracon") of a firm
intention by Adcorp to make an offer to acquire the entire issued share
capital of Paracon, excluding those shares held by subsidiaries of
Paracon ("Proposed Transaction"), which was released on SENS on 6
September 2011 and published in the press on 7 September 2011.
OUTCOME OF THE GENERAL MEETING
Shareholders are advised that, at the general meeting held today at the
registered office of the Company, all of the proposed resolutions
included in the notice of the general meeting included in the Adcorp
circular to Shareholders, dated 30 September 2011, were approved by the
requisite majority of Shareholders.
The Proposed Transaction remains subject to conditions precedent and once
all the conditions precedent to the Proposed Transaction have been
fulfilled a further announcement will be made.
Bryanston
1 November 2011
Corporate Adviser and Transaction Sponsor: Investec Bank Limited
Legal Adviser to Adcorp
Webber Wentzel
Sponsor: Deloitte & Touche Sponsor Services (Proprietary) Limited
Date: 01/11/2011 12:55:35 Produced by the JSE SENS Department.
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