Results Of The Annual General Meeting Of Sharehold
Aries Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/003665/06)
("Aries" or "the company")
* RESULTS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
* VOLUNTARY DELISTING OF THE SHARES OF ARIES ON
THE JSE SECURITIES EXCHANGE SOUTH AFRICA ("JSE")
1. Results of the Annual General Meeting of shareholders
ABN AMRO Securities (South Africa) (Proprietary) Limited is authorised to
announce that at the Annual General Meeting held on Monday, 9 July 2001, the
following special and ordinary resolutions were passed by the requisite
number of members' votes:
- to adopt the Annual Financial Statements and to approve the remuneration
of the directors;
- to elect directors in place of those retiring;
- to extend the authority granted to the directors to issue the unissued
shares of the company at their discretion until the next Annual General
Meeting;
- that the company be delisted from the JSE, on 27 July 2001 or such other
date as approved by the JSE;
- that the company's Articles of Association be amended;
- that the board of directors be authorised by way of a general authority,
up to and including the date of the following Annual General Meeting, to
approve the purchase of its own shares by the company or its subsidiaries
subject to the provisions of the Companies Act, 1973 (Act 61 of 1973) as
amended and in terms of the Rules and Requirements of the JSE, if
applicable;
- that the company changes its year-end from December in each year to June
of each year by way of extending the present year-end to June 2002; and
- that any director of the company be, and is hereby, authorised to do all
such things and sign all such documents as may be necessary for or
incidental to the implementation of the resolutions passed at the meeting.
The relevant special resolutions have been lodged for registration with the
Registrar of Companies.
2. Delisting of the shares of Aries on the JSE
The JSE has approved the delisting of the issued Aries shares, listed under
the Industrial - "Packaging and Printing" sector of the JSE lists, from
close of business on 27 July 2001. Trading in Aries shares during the week
of Monday, 23 July 2001 to Friday, 27 July 2001, will be for immediate
settlement.
The termination of Aries' listing on the JSE is voluntary. The directors
of Aries believe that they can pursue restructuring initiatives in a more
cost-effective manner in an unlisted group structure, which may unlock
shareholder value.
The company intends setting up alternative structures for the trading of
its shares. All shareholders will receive communication in this regard.
Cape Town
11 July 2001
Sponsor
ABN-AMRO Securities (South Africa) (Pty) Ltd.
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
