| Mon 26 Mar 2012, 14:42 | | AND - Andulela Investment Holdings Limited - Results of general meeting |
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AND - Andulela Investment Holdings Limited - Results of general meeting
ANDULELA INVESTMENT HOLDINGS LIMITED
(Registration number: 1950/037061/06)
Share code: AND ISIN code: ZAE000125894
("Andulela" or "the Company")
RESULTS OF GENERAL MEETING
Further to the announcement released on SENS dated 23 February 2012 regarding
the posting of a notice of general meeting of Andulela shareholders to be
held at 15h00 on Friday, 23 March 2012 (the "general meeting") to consider
and, if deemed fit, pass resolutions relating to -
1. authorisation for the Company to provide direct or indirect financial
assistance (as that term is defined in section 45 of the Companies Act,
2008 ("Companies Act") by way of loans, guarantees, the provision of
security or otherwise, to any of its present or future subsidiaries
and/or any other company or corporation that is or becomes related or
inter-related (as defined in the Companies Act) to the Company for any
purpose or in connection with any matter, such authority to endure until
the annual general meeting of the Company to be held in 2012;
2. approval of the payment of remuneration to the Company`s non-executive
directors for their services as directors in terms of section 66 of the
Act for the year ended 31 December 2011;
3. approval of the payment of remuneration to the Company`s non-executive
directors for their services as directors in terms of section 66 of the
Act for the year ending 31 December 2012; and
4. approval of an annual increase of remuneration payable to the Company`s
non-executive directors for their services as directors not exceeding
10% (ten percent) for a period of 2 (two) years from the passing of this
special resolution, or until the date of the annual general meeting of
shareholders to be held in 2014, whichever is earliest,
the Company is pleased to announce that, at the general meeting, all
resolutions were passed by the requisite majority of Andulela shareholders.
26 March 2012
Johannesburg
Sponsor and Corporate Advisor
Java Capital
Date: 26/03/2012 14:42:10 Produced by the JSE SENS Department.
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