Announcement to shareholders regarding IDION`s Annual General Meeting
IDION TECHNOLOGY HOLDINGS LIMITED
(Registration Number: 1998/013846/06)
Share Code: IDI ISIN Code: ZAE000022513
("IDION")
Announcement to shareholders regarding IDION`s Annual General Meeting
It has come to the attention of the board of directors of IDION that the
Notice posted to the shareholders of IDION in respect of the Annual General
Meeting ("AGM") scheduled for 13 June 2002 ("the Notice"), is defective in
that improper provisions were contained therein relating to the position of
dematerialised shareholders. The Notice was posted to all shareholders on
the 10 May 2002.
The defect could result in shareholders being disenfranchised due to the
delivery of their proxy forms directly to the transfer secretary or them not
being in possession of the required letter of representation from their CSDP
or Broker.
The problem arises from a technical issue concerning the application of the
new STRATE rules to annual general meetings now that company shareholdings
have been dematerialised.
The board of directors of IDION feels that it is in IDION shareholders` best
interest to adjourn the AGM for twenty one clear days. This would allow
enough time to ensure that all IDION shareholders who received the Notice,
receive the advice of adjournment, along with a new notice that addresses
the process that needs to be followed by dematerialised shareholders. This
would ensure that all shareholders have the right to vote at the AGM.
It is therefore intended that a general resolution of shareholders will be
proposed at the AGM to adjourn the AGM to Friday 5 July 2002 at 10h00 at
IDION House, 11 Naivasha Road, Sunninghill, Gauteng.
A further announcement in this regard will be published on 14 June 2002 and
a revised notice of the AGM will be posted to shareholders on that date.
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 10/06/2002 01:55:04 PM Produced by the SENS Department
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