CSP - Chemical Specialities Limited - Notice in terms of section 45(5)
CSP
CSP
CSP - Chemical Specialities Limited - Notice in terms of section 45(5)
of the Companies Act
Chemical Specialities Limited
Incorporated in the Republic of South Africa
Registration number 2005/039947/06
Share code: CSP
ISIN: ZAE000109427
("Chemspec" or "the Company")
NOTICE TO SHAREHOLDERS OF CHEMICAL SPECIALITIES LIMITED
REGISTRATION NUMBER 2005/039947/06 IN TERMS OF SECTION 45(5) OF THE
COMPANIES ACT, NO 71 OF 2008
Notice is hereby given as required in terms of section 45(5) of the Act
that the board of ChemSpec has resolved in terms of section 45(2) of the
Act to authorise ChemSpec to provide financial assistance to persons who
are related or inter-related to ChemSpec pursuant to the authority
granted to the board of ChemSpec by its shareholders at a general
shareholders meeting held on 17th October 2011.
Financial assistance for the purpose of this resolution, refers to loans
to subsidiary companies as well as the cross suretyship by and between
Chemspec House of Paint (Pty) Ltd and Chemspec Paint & Abrasive (Pty)
Ltd and the Company, and reversionary cessions of debts by Chemspec
House of Paint (Pty) Ltd and Chemspec Paint & Abrasive (Pty) Ltd in
favour of Rand Merchant Bank for a loan facility granted to the Company.
Durban
4 November 2011
Statucor Proprietary Limited
Company Secretary
Designated Advisor
Grindrod Bank Limited
Date: 04/11/2011 09:21:26 Produced by the JSE SENS Department.
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