PEMBURY LIFESTYLE GROUP LIMITED - PEM : Demand to call a shareholders' meeting
PEM : Demand to call a shareholders' meeting:
PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
("PL Group" or "the Company")
ISIN Code: ZAE000222949 JSE Code: PEM
DEMAND TO CALL A SHAREHOLDERS' MEETING
Shareholders are advised that the Board of Directors ("the Board") has received a demand to
call a general meeting of shareholders ("Extraordinary General Meeting") in terms of section
61(3) of the Companies Act No. 71 of 2008 ("Demand") from the Chief Executive Officer,
Mr Andrew Mc Lachlan, a major shareholder holding approximately 46.25% of the voting
rights in the Company, Mrs Joan Mc Lachlan (an immediate family member of
Mr Mc Lachlan) holding 5.34% of the voting rights in the Company and Mr Jason Andrew
Mc Lachlan (an extended family member of Mr Mc Lachlan per the family cross holdings test)
holding 2.87% of the voting rights in the Company (together, the "Representatives").
In terms of the Demand, the Representatives propose that the Board be reconstituted.
The Board will issue a notice of Extraordinary General Meeting ("Notice") within 10 (ten)
business days of the receipt of this Demand as stipulated by the JSE Listings Requirements and
shareholders will be advised of the posting of the Notice and the date of the Extraordinary
General Meeting in due course.
By order of the board
Johannesburg
17 February 2020
Designated Advisor
Arbor Capital Sponsors
Date: 17-02-2020 05:49:00
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