KEATON ENERGY HOLDINGS LIMITED - Notification in terms of Section 45(5) of the Companies Act 71 of 2008
KEH 201509090049A
Notification in terms of Section 45(5) of the Companies Act, 71 of 2008
Keaton Energy Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE code: KEH
ISIN code: ZAE000117420
('Keaton' or the ‘Company’)
NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, 71 OF 2008
In terms of the provisions of section 45(5)(a) of the Companies Act, 71 of 2008 (“the Act”) and
pursuant to a special resolution passed at the annual general meeting of the Company held on 6
October 2014 authorising the board of directors (“the board”) to provide direct or indirect financial
assistance to related and inter-related parties, notification is hereby given by the Company that the
board has on 28 August 2015 adopted a resolution in terms of section 45(3)(b) of the Act authorising
the Company to grant additional financial assistance not exceeding R60,000,000 to its subsidiaries,
as and when necessary.
In accordance with section 45 of the Act, the board is satisfied and acknowledges that:
(i) immediately after providing such financial assistance, the Company would have satisfied the
solvency and liquidity test as provided for in section 4 of the Act; and
(ii) the terms under which such financial assistance would be given are fair and reasonable to the
Company.
Johannesburg
9 September 2015
Sponsor
Investec Bank Limited
Date: 09/09/2015 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
