Rareco - Results Of General Meeting; And Postponem
certificates
Rare Earth Extraction Co. Limited
(Registration number 1989/003212/06)
Share code: RCO ISIN: ZAE000005807
("Rareco" or "the company")
Results of general meeting; and
postponement of surrender of share certificates
The Janus Corporation (Pty) Limited is authorised to announce that at a
general meeting of Rareco shareholders held on 29 April 2002, the following
special and ordinary resolutions were approved:
The special and ordinary resolutions to restructure the authorised and
ordinary share capital of the company from shares with a par value of 36
cents per share to shares with a par value of 2 cents per share were passed
at the general meeting. The special resolutions are still to be lodged with
the Registrar of Companies.
An ordinary resolution was passed to convert a shareholder's loan account
amounting to R1 379 644 to 6 300 000 ordinary shares at an issue price of
21,899111 cents per share. This resolution can only be implemented once the
special resolutions have been lodged.
As the special resolutions have not yet been lodged, Rareco is unable to
implement the procedure whereby the surrender of share certificates to
obtain new par value certificates, can be undertaken.
A further announcement in this regard will be made shortly along with new
salient dates for the implementation of the surrender of share certificates.
Somerset West
10 May 2002
Corporate financiers and sponsor
The Janus Corporation (Pty) Ltd
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
