THE AFRIKANDER LEASE LIMITED - RESULTS OF GENERAL MEETING
THE AFRIKANDER LEASE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 01/006955/06)
Share code: AFL ISIN Code: ZAE 000000253
("Aflease" or "the Company")
RESULTS OF GENERAL MEETING
At a general meeting held on 16 July 2002 shareholders unanimously approved the
following resolution:
It is resolved that, subject to no less than 75% of shareholders present in
person or by proxy and entitled to vote at the general meeting at which this
ordinary resolution is to be considered, voting in favour thereof, the directors
of the company be and are hereby authorised, by way of general authority, to
issue all or any of the authorised but unissued shares in the capital of the
company for cash as they in their discretion deem fit, subject to the following
limitations:
* The securities must be of a class already in issue;
* The securities must be issued to public shareholders and not to related
parties;
* The general issues of shares for cash in the aggregate in any one financial
year may not exceed 15% of the companies issued share capital of that class;
* The maximum discount at which securities may be issued is 10% of the weighted
average traded price of those securities over the 30 business days prior to the
date that the price of the issue is determined or agreed by the directors of the
applicant.
* Once the company has issued, on a cumulative basis within a financial year, 5%
or more of the number of securities in issue prior to that issue, the company
will publish an announcement containing the full details of the issue, including
the effect of the issue on net asset value and earnings per share.
Johannesburg
17 July 2002
Sponsor
Gensec Bank
Date: 17/07/2002 09:11:18 AM Produced by the JSE SENS Department
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