| Fri 29 Jun 2012, 16:00 | | BFS - Blue Financial Services Limited - Results of the meeting of shareholders |
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BFS
BFS
BFS - Blue Financial Services Limited - Results of the meeting of shareholders
held on Friday, 29 June 2012
Blue Financial Services Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1996/006595/06)
JSE Share code: BFS
ISIN: ZAE000083655
("Blue" or the "Company")
RESULTS OF THE MEETING OF SHAREHOLDERS HELD ON FRIDAY, 29 JUNE 2012
1 INTRODUCTION
Blue shareholders are referred to the announcement released on the
Securities Exchange News Service of the JSE Limited ("JSE") on 30 May 2012
advising shareholders of the posting of the circular detailing the Second
Early Conversion and incorporating the notice of the shareholders` meeting.
2 RESULTS OF SHAREHOLDERS` MEETING
Shareholders are hereby advised that the general meeting of Blue
shareholders held on Friday, 29 June 2012 was duly constituted and at this
meeting, ordinary resolution numbers 1 to 5 and special resolutions 1 and 2
required to approve the Second Early Conversion, were unanimously passed by
the requisite majority, which in all instances equalled 100% of the votes
of shareholders present in person or represented by proxy.
The special resolutions will be filed with the Companies and Intellectual
Property Commission in due course.
3 FULFILLMENT OF ALL CONDITIONS PRECEDENT
All the conditions precedent that are required to be fulfilled in order for
the Second Early Conversion to become effective, have been fulfilled, and
accordingly the Company has applied to the JSE for the listing of
1,870,890,586 Ordinary Shares arising from the issue of -
* 366,849,155 ordinary shares to Nederlandse Financierings Maatschappij
voor Ontwikkelingslanden N.V. (Dutch Development Bank), a related
party;
* 67,415,730 ordinary shares to National Housing Finance Corporation SOC
Limited;
* 292,045,496 ordinary shares to OPEC Fund for International
Development;
* 187,898,616 ordinary shares to WorldBusiness Capital Inc.; and
* the consequent issue of 956,681,589 Anti-dilution Shares on a fully
diluted basis to Mayibuye Group (Proprietary) Limited, the controlling
shareholder of Blue.
The shares are expected to commence trading on the JSE with effect on
Tuesday, 3 July 2012.
Johannesburg
29 June 2012
Designated adviser to Blue
Grindrod Bank Limited
Financial adviser to Blue
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 29/06/2012 16:00:04 Produced by the JSE SENS Department.
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