Mercantile Lisbon Bank - Results Of General Meetin
MERCANTILE LISBON BANK HOLDINGS
(Incorporated in the Republic of South Africa)
(Registration number 1989/000164/06)
Share code MTL ISIN ZAE000027082
("Mercantile" or "the company")
RESULTS OF GENERAL MEETING
Bridge Capital is authorised to announce that at the general meeting of
Mercantile shareholders held on Monday, 18 March 2002, to consider, inter
alia:
* the disposal by Mercantile, through its wholly-owned subsidiaries, to
Computershare Services Limited and Computershare Custodial Services Limited
of Mercantile's custodial, registry and share dealing/brokering businesses,
as going concerns ("the disposal"); and
* the injection of R120 million of new capital by Caixa Geral de Dep"sitos,
S.A. ("CGD"), a major shareholder of Mercantile, by way of a specific issue
of shares for cash ("the recapitalisation"),
the Mercantile shareholders voted in favour of the resolutions to approve
the disposal and the recapitalisation. As all the suspensive conditions have
now been met, both the disposal and the recapitalisation are unconditional.
Johannesburg
19 March 2002
Independent adviser and sponsor
Bridge Capital Services (Pty) Limited
(Registration number 1998/016301/07)
(A sponsor registered with
the JSE Securities Exchange South Africa)
Corporate law advisers and consultants
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & consultants
Reporting accountants and auditors
PricewaterhouseCoopers Inc.
Chartered Accountants (SA)
Registered Accountants & Auditors
(Registration no. 1998/012055/21)
Merchant bank to CGD
Rand Merchant Bank
A Division of FirstRand Bank Limited
Corporate Finance
Corporate adviser in respect of the disposal
Cibat (Pty) Limited
Representing Citadel Bank & Trust
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
