Africa Glass Industries Limited - Notice Of Genera
Africa Glass Industries Limited - Notice of general meeting
Africa Glass Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 1980/004051/06)
ISIN Code: ZAE000018545
Share Code: AGS
("Africa Glass" or "the company")
Notice of general meeting
HSBC Investment Services Africa (Pty) Limited is authorised to announce that
a general meeting of shareholders of Africa Glass will be held at the
registered office of Africa Glass, corner Mimetes Road & Kruger Street,
Denver Extension 11, Johannesburg at 10h00 on Wednesday, 19 June 2002 to
consider and approve the change of name from "Africa Glass Industries
Limited" to "AG Industries Limited" and to authorise the registration of the
shortened name "AGI".
Africa Glass is focused on the secondary market in which raw glass and
aluminium are converted into value added products. Recently the strategy
has concentrated on margin improvement and risk reduction. Accordingly, two
important drivers in the business are:
to increase the proportion of the business generated from activity in hard
currency markets including the export of South African manufactured product;
and
to improve margins by directing the business toward value added finished
product constructed from glass and aluminium.
For these reasons the name "Africa Glass" is no longer considered properly
representative of the company`s activities and, in recognition of the
company`s development since listing, the board of directors of Africa Glass
have deemed it appropriate to re-brand the group as "AG Industries Limited",
a name which indicates neither a business confined geographically to
operations in Africa, nor a business limited in scope to glass operations.
A circular to shareholders which has been approved by the JSE Securities
Exchange South Africa, and which incorporates a notice convening a general
meeting of shareholders, a form of proxy and a form of surrender, will be
mailed tomorrow, Wednesday, 22 May 2002.
Johannesburg
21 May 2002
HSBC
Sponsor
Date: 21/05/2002 05:03:00 PM Produced by the SENS Department
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