YRK - York Timber Holdings Limited - Results of Annual General Meeting
YRK
YRK
YRK - York Timber Holdings Limited - Results of Annual General Meeting
York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
JSE share code: YRK ISIN: ZAE000133450
("York" or "the Company")
RESULTS OF ANNUAL GENERAL MEETING
York shareholders ("Shareholders") are advised that at the annual general
meeting of Shareholders ("AGM") held on Monday, 6 February 2012, all the
resolutions tabled at the AGM, save for those referred to below which were
withdrawn, were approved by the requisite majority of Shareholders present
or represented by proxy.
Ordinary resolution number 6 regarding a general authority to directors to
allot and issue authorised but unissued ordinary shares, ordinary resolution
number 7 regarding a general authority to issue shares for cash and special
resolution number 1 regarding a general authority to acquire (repurchase)
shares were withdrawn at the AGM.
The above approvals included the adoption of special resolution number 3
relating to the granting of a general authority to provide financial
assistance in terms of sections 44 and 45 of the Companies Act, 71 of 2008
("Special Resolution"). The Special Resolution relates to the provision of
financial assistance by York to group companies.
Further to the adoption of the Special Resolution, the Company will proceed
with the finalisation of R600 million term loan facility from the Land and
Agricultural Development Bank of South Africa, details of which were
provided in the announcement published on the Securities Exchange News
Service on 25 January 2012.
Sabie, Mpumalanga
8 February 2012
Sponsor:
One Capital
Date: 08/02/2012 11:24:32 Produced by the JSE SENS Department.
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