Further to the circular to shareholders dated 20 Aug 01, the following ordinary resolution was passed at the general meeting held on 7 Sep 01, by the requisite majority: the disposal of Erf 10 Highveld Township for an amount of R3,6 million.
The board of directors confirms that the suspension of trading in Brainware securities will be lifted by the JSE with effect from commencement of trading on 26 Sep 01, subject to the transfer of the property being effected prior to this date. Brainware's listing will be transferred to the "Cash Companies" sector.
Further to the circulars to shareholders dated 4 Sep 00, 28 Oct 00 and 31 Jan 01, respectively, the board confirms that 190 716 090 Brainware ordinary shares have been repurchased and duly cancelled opposite the Registrar of Companies. The delisting of these shares will be effected by the JSE on the date of the lifting of the suspension.
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