Mgx - Results Of General Meeting And Fulfilment Of
MGX Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
("MGX")
RESULTS OF GENERAL MEETING AND FULFILMENT OF THE CONDITIONS PRECEDENT TO THE
ACQUISITION OF COMPUTER CONFIGURATIONS HOLDINGS LIMITED ("CCH")
1. GENERAL MEETING
Standard Corporate and Merchant Bank is authorised to announce that, at the
general meeting of MGX shareholders held on Wednesday, 21 February 2001, all
the resolutions relating to the acquisition by MGX of the businesses of CCH,
excluding Infracom (Proprietary) Limited, as a going concern ("the
acquisition"), were approved by the requisite majority of MGX shareholders
present or represented by proxy.
2. Conditions precedent
All of the conditions precedent to the acquisition have been fulfilled and the
acquisition is unconditional.
3. Listing of the new MGX shares
The 25 458 930 new ordinary MGX shares, issued pursuant to the acquisition,
will be listed on the JSE Securities Exchange South Africa on Wednesday, 14
March 2001. These shares will be issued at a price of R9,00 per share.
Johannesburg
9 March 2001
Merchant bank
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06)
Sponsoring broker
Standard Equities (Proprietary) Limited
(Registration number 1972/008305/07)
(Member of the JSE Securities Exchange South Africa)
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