Nampak/Malbak - Results of Nampak General Meeting
Nampak Limited Malbak Limited
(Incorporated in the Republic of (Incorporated in the Republic of South
South Africa) Africa)
Share code NPK Share code MLB
ISIN code ZAE000004933 ISIN code ZAE000004487
(Registration number 1968/008070/06) (Registration number 1946/022234/06)
("Nampak") ("Malbak")
Results of Nampak general meeting
Shareholders of Nampak are advised that at the Nampak general meeting held
on Wednesday, 31 July 2002, Nampak shareholders unanimously approved the
merger of Nampak and Malbak . All resolutions proposed were approved by the
requisite majority of shareholders.
The implementation of the merger is still subject to the fulfilment of the
following conditions precedent:
- either the scheme of arrangement in terms of Section 311 of the Companies
Act, 1973, to be proposed by Nampak between Malbak and its shareholders
other than Kohler Packaging Limited (the "Scheme") being agreed to by not
less than 75% of the votes exercisable by Malbak shareholders present and
voting either in person or by proxy at the Scheme meeting, the sanctioning
of the Scheme by the High Court of South Africa and the registration of the
Order of Court sanctioning the Scheme by the Registrar of Companies; or,
- if the Scheme is not implemented, the substitute offer in terms of Section
440 of the Companies Act, 1973 to be made by Nampak, being accepted by
Malbak shareholders holding not less than 90% of the offer shares.
The Malbak Scheme meeting will take place on Monday, 5 August 2002.
Johannesburg
31 July 2002
Sponsor and financial adviser to Transactional sponsor and financial
Nampak adviser to Malbak
UBS Warburg Securities South Africa SG Hambros South Africa
(Pty) Ltd
A financial services group of UBS
AG
(Member of the JSE Securities
Exchange South Africa)
(Registration number
1995/011140/07)
Date: 31/07/2002 12:42:31 PM Produced by the JSE SENS Department
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