STELLAR CAPITAL PARTNERS LIMITED - Section 45(5) notice in terms of the Companies Act
SCP 201604070013A
Section 45(5) notice in terms of the Companies Act
STELLAR CAPITAL PARTNERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
("Stellar Capital" or the "Company")
Share code: SCP
ISIN: ZAE000198586
SECTION 45(5) NOTICE IN TERMS OF THE COMPANIES ACT
Notice is hereby given in accordance with section 45(5) of the
Companies Act, 71 of 2008 ("Companies Act") that pursuant to
the authority granted to the board of directors of Stellar
Capital ("the Board") by the Shareholders at the annual
general meeting held on 5 June 2015, the Board has adopted
resolutions to provide financial assistance to related and/or
inter-related entities as contemplated in section 45(2) of the
Companies Act.
The resolutions passed by the Board authorises the Company to
provide financial assistance to its subsidiaries and inter-
related entities, as envisaged in terms of section 45 of the
Companies Act (“the Financial Assistance”).
The Board prior to authorising the Financial Assistance
considered and satisfied itself, in terms of section 45 of the
Companies Act, that:
1. immediately after providing the Financial Assistance, the
Company would satisfy the solvency and liquidity test as
contemplated in section 4 of the Companies Act;
2. there has been due compliance with the Company’s
memorandum of incorporation and with the Companies Act;
and
3. the terms of the Financial Assistance are fair and
reasonable in relation to the Company.
Johannesburg
7 April 2016
Sponsor
Rand Merchant Bank (A division of First Rand Bank)
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