Pals - Results Of General Meeting
PALS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002753/06)
JSE Share code: PAL ISIN: ZAE000055237
("Pals" or "the company")
RESULTS OF GENERAL MEETING
Further to the circular to shareholders dated 26 July 2002 wherein the
directors of Pals proposed a cash distribution of 17,22267 cents per ordinary
share, in lieu of a dividend, by way of a reduction of the company`s share
premium account from R1 722 267 to naught ("the cash distribution"),
shareholders are informed that at the general meeting held on Monday, 19 August
2002, the requisite majority of shareholders approved the special resolution
amending the articles of association of the company to make provision for the
company to make payments to its shareholders and the ordinary resolution
approving the cash distribution. Save for registration of the special
resolution, which is expected to take place shortly, all conditions precedent to
the cash distribution have therefore been fulfilled.
Salient dates
The following salient dates are applicable to the cash distribution:
2002
Last date to trade in Pals shares in order to qualify
for the cash distribution Friday, 30 August
Ex-date from which shares trade ex-rights to
participate in the cash distribution Monday, 2 September
Record date Friday, 6 September
Distribution to shareholders, cheques posted to or
Deposited into bank accounts of shareholders Monday, 9 September
Shareholders are reminded that share certificates
may not be dematerialised or rematerialised from Monday, 2 September 2002
until Friday, 6 September 2002, both days inclusive.
The above dates are subject to amendment. Any amendment will be announced in the
press.
20 August 2002
Cape Town
Sponsor and corporate advisor
Sasfin Bank Limited
(Registration number 1951/002280/06)
Attorneys
Sonneberg Hoffmann & Galombik
Reporting accountants
Moores Rowland
Chartered Accountants (SA)
Date: 20/08/2002 07:35:03 AM Produced by the JSE SENS Department
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