Women Investment Portfolio Holdings Limited - Results of general meeting
Women Investment Portfolio Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/001291/06)
Share code: WPH
ISIN Code : ZAE000017752
("Wiphold")
Results of general meeting
At the general meeting held on Monday, 27 May 2002, special and ordinary
resolutions were duly passed by the requisite majority of Wiphold
shareholders and, where applicable, have been lodged with the Registrar of
Companies for registration, giving effect to:
* the distribution by WIPHOLD to its A and B shareholders of cash of 82,2
cents per WIPHOLD share held on Friday, 14 June 2002 ("the record date"), in
terms of section 90 of the Companies Act, 1973 (Act 61 of 1973), as amended;
* the unbundling by WIPHOLD to its A and B shareholders of 9 269 817
Alexander Forbes Limited ("Alexander Forbes") shares in the ratio of 6,87
Alexander Forbes shares per 100 WIPHOLD shares held on the record date; and
* amendments to the Articles of Association of WIPHOLD.
WIPHOLD shareholders who are to receive Alexander Forbes shares are
advised that the base cost of the shares received, for Capital Gains Tax
purposes, is determined by the closing price of Alexander Forbes shares on
the JSE Securities Exchange South Africa at the close of business on Monday,
27 May 2002.
Johannesburg
28 May 2002
Corporate adviser and joint sponsor
Wipcapital (Proprietary) Ltd
(Registration number 1997/021195/07)
Lead sponsor
ENF Sponsors (Pty) Ltd
(Registration number 2000/027636/07)
Corporate law advisers and consultants
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & consultants
(Registration number 1999/026464/07)
Reporting accountants
Deloitte & Touche
Chartered Accountants (SA)
Registered accountants and auditors
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