IOTA FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/012195/06)
("IOTA" or "the company")
RESULTS OF THE GENERAL MEETING
1. INTRODUCTION
Further to the announcement published in the press on 23 March 2001 and the
circular to shareholders dated 5 April 2001, shareholders of IOTA are advised
that at a general meeting of IOTA shareholders held on Monday, 30 April 2001,
the requisite majority of shareholders voted in favour of the special and
ordinary resolutions to:
* Repurchase shares in IOTA from the IOTA share incentive trust; and
* Adopt a new IOTA employee share incentive scheme.
2. REMAINING CONDITION PRECEDENT
The repurchase of shares is subject to the fulfillment of the following
remaining condition precedent:
* Registration by the Registrar of Companies of the special resolution
necessary to implement the repurchase of shares.
3. JSE SECURITIES EXCHANGE SOUTH AFRICA (JSE) LISTING
Application will be made to the JSE to delist the shares repurchased in terms
of the share repurchase.
Johannesburg
2 May 2001
Corporate adviser
IOTA Corporate Finance (Pty) Limited
(Reg No. 2000/010655/07)
Legal adviser
WERKSMANS
ATTORNEYS
Sponsor
PricewaterhouseCoopers
Corporation Finance (Pty) Ltd
(Registration number 1970/003711/07)
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