AH-VEST LIMITED - Notification In Terms Of Section 45(5) Of The Companies Act 2008
AHL 201712150039A
Notification In Terms Of Section 45(5) Of The Companies Act, 2008
AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(“the Company” or ”AH-Vest”)
(Registration number 1989/000100/06)
Share code: AHL ISIN code: ZAE000129177
Notification In Terms Of Section 45(5) Of The Companies Act, 2008
Notice is hereby given that, in terms of the provisions of section 45(5)(a) of the Companies ActNo.71 of 2008 (“the Companies Act”)
and pursuant to the Special Resolution passed at the Annual General Meeting of the Company held on 25 January 2017 authorising the
Board of Directors (“the Board”) to provide direct and indirect financial assistance to current and future subsidiaries and to
associated companies of the Company.
The Board adopted a resolution on 11 December 2017 ratifying the provision of financial assistance in terms of section 45 of the
Companies Act (“financial assistance”) by way of a loan of R6m to the controlling shareholder, Eastern Trading Proprietary Limited
for the purpose of partially funding the tomato out-grower scheme in the Limpopo Province, which will be settled through the purchasing
of tomato paste by AH Vest, securing the local supply of tomato paste and reducing the company’s exposure to imports and foreign exchange
risk.
In addition, in accordance with section 45(3)(b) of the Act, the board has satisfied itself that immediately after providing financial
assistance, the Company satisfied the solvency and liquidity test set out in section 4(1) of the Act.
Johannesburg
15 December 2017
SPONSOR
Arbor Capital Sponsors Proprietary Limited
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