Richway Retail Properties Limited - Results Of Gen
Announcement
Richway Retail Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/003602/06)
Share code RHW ISIN ZAE000005906
("Richway" or "the company")
RESULTS OF GENERAL MEETING AND FURTHER ANNOUNCEMENT
General meeting
The directors of Richway are pleased to announce that at the general meeting
of Richway linked unitholders held on 13 December 2001, the requisite
majority passed the special and ordinary resolutions authorising:
the disposal of the majority of the Richway property portfolio to
Primegro Properties Limited ("Primegro") ("the transaction"); and
the voluntary winding-up of the company as a members' voluntary winding-
up in accordance with sections 349 and 350 of the Companies Act, 1973 (Act
61 of 1973), as amended.
The Primegro linked unitholders voted in favour of the transaction at their
general meeting held on 11 December 2001.
Accordingly, the transaction is now unconditional and effective on 1 January
2002 and the directors of Richway will proceed with the winding-up of the
company.
Further announcement
Linked unitholders are referred to the announcement dated 20 November 2001
regarding the proposed winding-up of Richway and are reminded that a further
announcement in this regard will be published by no later than Friday, 15
February 2002.
Johannesburg
18 December 2001
Independent adviser and sponsor
Barnard Jacobs Mellet Corporate Finance
Corporate adviser
Vestacor Corporate Finance
Corporate bank
BoE Bank Limited
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