TIGER BRANDS LIMITED - Notice in terms of section 45(5) of the Companies Act 71 of 2008
TBS 201711100056A
Notice in terms of section 45(5) of the Companies Act, 71 of 2008
TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
Notice in terms of section 45(5) of the Companies Act, 71 of 2008 (the Act)
of the granting of financial assistance by Tiger Brands Limited
1. Notice is hereby given that the Board of Directors of the Company:
A. Passed a resolution authorising the Company to provide direct or
indirect financial assistance as defined by section 45(1) of the Act, for
amounts and on such terms and conditions as the board determine d,
pursuant to authorities granted in terms of :
- The authorising Shareholders Resolutions taken at Annual
General Meetings of the Company held on 16 February 2016 and
21 February 2017;
- the provisions of the Act;
- the JSE Listings Requirements; and
- the Company’s Memorandum of Incorporation.
B. Were satisfied, before authorising the Company to provide the financial
assistance, that:
- Immediately after providing the financial assistance , the Company
would satisfy the solvency and liquidity test set out in section 4 of
the Act;
- The terms upon which the financial assistance has been given
were fair and reasonable to the Company; and
- The Company’s memorandum of incorporation has no restrictions
or conditions with respect to giving of the financial assistance.
2. The above payments constituted financial assistance, which over the
period 1 October 2016 to 30 September 2017, cumulatively did not exceed
one-tenth of 1% of the Company’s net worth .
This notice to shareholders is issued for compliance reasons only and
shareholders are not required to respond.
Bryanston
10 November 2017
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
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