| Thu 16 Feb 2012, 15:37 | | COH - Curro Holdings Limited - Posting of circular and Notice of General Meeting |
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COH
COH
COH - Curro Holdings Limited - Posting of circular and Notice of General Meeting
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 1998/025801/06
Share code: COH
ISIN: ZAE000156253
("Curro" or "the Company")
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
INTRODUCTION
Shareholders are hereby advised that the Company has today, 16 February 2012,
issued a circular to its shareholders, relating to the following:
- a proposed conversion of the Company`s par value shares into no par value
shares in accordance with the Companies Act 71 of 2008, as amended ("the
Act");
- a proposed increase of the Company`s authorised ordinary share capital;
- the placement of 100 000 000 of the authorised unissued shares under the
control of the directors until the next annual general meeting of the
Company;
- arising from the above, the consequential amendment of the Company`s
memorandum of incorporation; and
- the granting of general authority to the board of directors to provide
direct or indirect financial assistance to any company or corporation which
is related or inter-related to the Company in terms of section 45 of the
Act.
Curro has positioned itself for an expansion of its business. For that purpose
it is convening a general meeting of its shareholders in order to increase its
authorised ordinary share capital and to place additional authorised shares
under the control of the directors to be used for future capital raisings and/or
acquisitions. Following the inception of the new Companies Act, companies are
required to adopt a new capital structure comprising of shares of no par value
in order to increase the authorised ordinary share capital.
NOTICE OF GENERAL MEETING
A general meeting of Curro Shareholders will be held at 09:30 on Friday, 16
March 2012, at 8 Monaco Square, 14 Church Street, Durbanville, for the purpose
of considering and, if deemed fit, passing, with or without modification, the
ordinary and special resolutions set out in the notice of general meeting
included in the circular ("the general meeting").
SALIENT DATES AND TIMES RELATING TO THE CIRCULAR
The following salient dates and times will apply in respect of the circular.
Should there be any changes to the salient dates and times same will be released
on SENS.
Circular and notice of general meeting posted to Thursday, 16 February
shareholders on 2012
Last day to trade in order to be eligible to Friday, 2 March
participate and vote at the general meeting 2012
Record date in order to participate and vote at Friday, 9 March
the general meeting 2012
Last day for receipt of proxies in respect of Wednesday, 14 March
general meeting by 09:30 on 2012
General meeting of shareholders at 09:30 on Friday, 16 March
2012
Results of general meeting released on SENS on Friday, 16 March
2012
Durbanville
16 February 2012
Corporate Adviser
PSG Capital
Designated adviser
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 16/02/2012 15:37:01 Produced by the JSE SENS Department.
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