VLE - Value Group Limited - Notice in terms of Section 45(5) of The Companies
VLE
VLE
VLE - Value Group Limited - Notice in terms of Section 45(5) of The Companies
Act No 71 of 2008
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
("Value" or "the company`)
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT NO 71 OF 2008 ("THE
ACT")
This is a notice in terms of Section 45(5) of the Act.
On 18 October 2011 the shareholders of Value approved a special resolution
authorising the board of directors of Value ("the Board") to provide financial
assistance to related and inter-related companies.
The Board has, pursuant to the above authorisation and in accordance with
Section 45 of the Act, resolved to provide guarantees to related and inter-
related companies to secure the banking facilities required by such companies.
The total financial assistance provided to related and inter-related companies
in terms of resolutions passed by the Board during the current financial year
exceeds one-tenth of one percent of Value`s net worth.
This notice is required to be provided in terms of Section 45(5) of the Act as
the threshold referred to in paragraph 4 has been exceeded.
Johannesburg
10 April 2012
Sponsor:
Investec Bank Limited
Date: 10/04/2012 12:24:01 Produced by the JSE SENS Department.
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