Fashion Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017149/06)
("Fashaf" or "the company")
Alpha code: FSH
ISIN code :ZAE000016473
RESULTS OF GENERAL MEETING
1. RESULTS OF GENERAL MEETING
Vestacor Corporate Finance is authorised to announce that at the general
meeting of Fashaf shareholders, held on Tuesday, 9 April 2002, all of the
resolutions proposed thereat were duly passed by the requisite majority of
Fashaf shareholders, and where applicable, have been lodged with the
Registrar of Companies for registration. The resolutions were necessary, to
approve:
- the acquisition of Sportshoe World;
- the reduction in the par value of each ordinary share of 4 cents to 0.01
cent ("the reduction in par value");
- the increase in authorised share capital;
- the specific issue of shares for cash to Vestacor Limited; and
- an amendment to the Fashaf Share Option Scheme ("the Scheme") to increase
- the number of shares allocated to the scheme to 20% of the issued share
capital of Fashaf.
2. SURRENDER OF SHARE CERTIFICATES BY CERTIFICATED SHAREHOLDERS
Following the approval and implementation of the reduction in par value, it
is necessary to recall all existing share certificates from certificated
shareholders in order to replace them with certificates reflecting the
reduction in par value.
Certificated shareholders who have not already done so, should surrender
their share certificates under cover of the form of surrender included in
the circular dated 11 March 2002 and which should be returned to the
transfer secretaries, Computershare Services Limited, 2nd Floor Edura House,
41 Fox Street, Johannesburg, 2001 (PO Box 61051, Marshalltown, 2107).
Additional copies of the form of surrender may be requested from the
transfer secretaries.
3. SALIENT DATES
Shareholders are reminded that the salient dates are as follows:
2002
Last day to dematerialise or Thursday 11 April
rematerialise existing share
certificates
Last day to trade in old Thursday 18 April
shares
Trading in shares reflecting Friday 19 April
the reduction in par value
commences
Record date Thursday 25 April
In respect of certificated Friday 26 April
shareholders, if existing
share certificates are
surrendered together with
forms of surrender on or
before the close of business
on Thursday, 25 April 2002,
new share certificates will be
posted at the risk of
shareholders (or failing such
surrender within 5 business
days of surrender) on:
In respect of dematerialised Friday 26 April
shareholders, Central
Securities Depository
Participant ("CSDP") or broker
safe custody accounts updated
for the reduction in par value
on:
Note:
No dematerialisation or rematerialisation of the company's existing share
certificates may take place on STRATE between Friday, 12 April 2002 and
Thursday, 25 April 2002, both days inclusive.
Johannesburg
09 April 2002
Corporate Adviser Sponsor
Vestacor Corporate Finance PSG Investment Bank
(Registration number 1997/022546/07)
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