KDV - Kaydav Group Limited - Results of the written consent process in
KDV
KDV
KDV - Kaydav Group Limited - Results of the written consent process in
relation to resolutions of shareholders of the company in terms of
section 60 of the companies act, 2008
Kaydav Group Limited
(Incorporated in the Republic of South Africa)
Registration number 2006/038698/06
Share code: KDV ISIN: ZAE000108940
("Company")
RESULTS OF THE WRITTEN CONSENT PROCESS IN RELATION TO RESOLUTIONS OF
SHAREHOLDERS OF THE COMPANY IN TERMS OF SECTION 60 OF THE COMPANIES ACT,
2008 (the "Act")
Shareholders are referred to the announcement released on SENS on 27
September 2011, regarding the proposed special resolutions relating to:
- the provision of financial assistance (as defined in the Act)
to a related company (as defined in the Act)or an inter-related
company (as defined in the Act)in terms of section 45 of the
Act;
- the payment of remuneration to the non-executive directors of
the Company for their services as directors in terms of section
66 of the Act for the year ending 31 December 2011; and
- an annual increase not exceeding 15% of the fees payable by the
Company to the non-executive directors of the Company for their
services as directors in terms of section 66 of the Act,
which proposed special resolutions were submitted to shareholders of the
Company for consideration by written consent of shareholders in terms of
section 60 of the Act.
Shareholders are advised that each of the proposed special resolutions
were supported by written consent of persons entitled to exercise voting
rights thereon and holding 79.03 % (seventy nine point zero three
percent) of the voting rights in the Company as at 3 October 2011 and
accordingly each of the proposed special resolutions has been adopted by
the Company in terms of section 60(2) of the Act.
The Company will deliver a statement in accordance with section 60(4) of
the Act and notice in terms of section 45(5) of the Act to every
shareholder recorded in the Company register as at 3 October 2011.
11 November 2011
Corporate advisor, legal advisor and sponsor
Java Capital
Date: 11/11/2011 10:17:17 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
