Massmart Holdings Limited - Results Of General Mee
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
("Massmart" or the company)
Results of general meeting
Shareholders are advised that, at the general meeting of Massmart
shareholders held on Tuesday, 24 July 2001, the ordinary resolution required
to approve the acquisition of the following:
* Jumbo Cash & Carry (Proprietary) Limited, including 22 Brown and Weirs
stores, from Rebhold Limited ("Rebhold") and Tiger Food Brands Limited; and
* Sip 'n Save division ("Sip 'n Save ") from Picardi Liquors (Proprietary)
Limited, a wholly-owned subsidiary of Rebhold (together, the
"Acquisitions"),
was passed by the requisite majority of Massmart shareholders.
170 283 024 votes, representing 86,5% of the issued share capital of the
company, were received in favour of the ordinary resolution, with zero votes
against and zero votes abstaining.
The only condition precedent that remains to be fulfilled before the
completion of the Acquisitions is the written approval of the Acquisitions
from the Competition Tribunal.
Johannesburg
24 July 2001
Financial advisor
UBS Warburg Corporate Finance (SA) (Pty) Ltd
A financial services group of UBS AG
(Registration number 1994/008363/07)
Sponsor
UBS Warburg Securities South Africa (Pty) Ltd
A financial services group of UBS AG
(Member of the JSE Securities Exchange South Africa)
(Registration number 1995/011140/07)
Corporate law advisors and consultants
Edward Nathan & Friedland (Pty) Ltd
(Registration number 1999/026464/07)
Independent reporting accountants
Deloitte & Touche
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
