Venter Leisure and Commercial Trailers Limited - Results of General Meeting
and Change of Directors
VENTER LEISURE AND COMMERCIAL TRAILERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1985/070343/06)
Share Code: VTL
ISIN Code : ZAE 000007811
("Ventel")
RESULTS OF A GENERAL MEETING CALLED BY CERTAIN MEMBERS OF VENTEL IN TERMS OF
SECTION 180 OF THE COMPANIES ACT HELD AT THE WANDERERS CLUB AT 09H00 ON
FRIDAY, 17 MAY 2002 AS RECTIFIED BY AN ORDER OF COURT DATED 23 MAY 2002.
At the above meeting, the Chairman ruled that certain affected parties were
not allowed to vote their shares in terms of Rule 8.6 of the Securities
Regulation Code and Rules ("The Code") of the Securities Regulation Panel
("SRP") in that the shareholders concerned had not received the consent of
the SRP to appoint their nominees as directors, nor to vote on any of the
matters at the meeting.
The affected parties obtained an order from the High Court to set aside the
ruling of the Chairman. The High Court, inter alia, ordered that
1. the requisite consent of the SRP had been obtained;
2. certain resolutions for which proper notice had not been received by
members and supposedly passed at the meeting, were set aside; and
3. the resolutions 1 to 7, for which proper notice had been given pursuant
to the notice to shareholders, were declared to have been passed without
amendment.
In compliance with Section 3.67 of the JSE Listings requirements,
shareholders are accordingly advised that:
1.The number of authorized directors has been increased from 4 to 9.
2.Detlef Peter Hamann, Gabrielle Emma Hamann, Norton Hamann, Frans Schweiger
and Ockert Johann La Grange have been appointed as directors of the
Company with effect from 17 May 2002
3.The appointment of Gerald Howell was not ratified.
Johannesburg
27 May 2002
Sponsor
The Janus Corporation (Pty) Ltd
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