President Steyn Gold Mines Limited - Results Annou
President Steyn Gold Mines Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/014461/06)
Share code: PGD ISIN: ZAE000026654
("PSGM")
RESULTS ANNOUNCEMENT
Argil Corporate Finance (Proprietary) Limited is authorised to announce that
all the special and ordinary resolutions proposed at the general meeting of
PSGM shareholders held on Tuesday, 15 January 2002, to approve the disposal
by PSGM of Mindserv (Proprietary) Limited, including its wholly-owned
subsidiary President Steyn Gold Mines (Free State) (Proprietary) Limited and
T.M. Training Initiative (Proprietary) Limited to Thistle Mining
Incorporated ("the disposal") and the proposed share premium distribution to
PSGM shareholders of 55 cents per PSGM ordinary share in terms of section 90
of the Companies Act, 1973 (Act 61 of 1973), as amended, ("the share premium
distribution"), were passed by PSGM shareholders.
PSGM expects the disposal to become unconditional by not later than 31
January 2002, subject to the final conditions precedent being fulfilled.
PSGM expects to publish the final date announcement regarding the share
premium distribution on 25 January 2002.
Johannesburg
16 January 2002
Corporate adviser
Argil Corporate Finance (Pty) Ltd
(Registration number 2000/012695/07)
Reporting accountants
JCB
Attorneys to PSGM
Hofmeyr Herbstein Gihwala Cluver & Walker Inc.
(Registration number 1997/001523/21)
Independent adviser
BoE Merchant Bank
A Division of BoE Bank Limited
Co. Reg. No. 1951/000847/06
Sponsor
BoE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa
Co. Reg. No. 1995/012240/07
Attorneys to Thistle
Werksmans Incorporated
(Registration number 1990/007215/21)
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
