Saambou Holdings - Results Of General Meeting
SAAMBOU HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004170/06)
Share code: SBO ISIN number: ZAE 000006409
("Saambou Holdings")
RESULTS OF GENERAL MEETING
A general meeting of Saambou Holdings ordinary shareholders and preference
shareholders was held on Friday, 30 August 2002 ("the general meeting") to
consider:
- the ordinary resolution relating to the disposal of Saambou Bank Limited, a
wholly-owned subsidiary of Saambou Holdings, to FirstRand Bank Holdings Limited
("the Saambou Bank disposal"); and
- the ordinary resolution relating to the disposal of Saambou Life Assurers
Limited, a wholly-owned subsidiary of Saambou Holdings, to Capital Alliance Life
Limited ("the Saambou Life disposal").
The aforementioned ordinary resolutions tabled at the general meeting were
passed by the requisite majority of Saambou Holdings ordinary shareholders and
preference shareholders.
Pursuant to the general meeting, the Saambou Bank disposal has now become
unconditional, while the Saambou Life disposal is still conditional upon:
- all regulatory approvals required in terms of the Long-Term Insurance Act
(Act 52 of 1998), as amended; and
- approval by the Competition Authorities.
Pretoria
30 August 2002
Merchant bank to Sponsor to Saambou Holdings Legal adviser to Saambou
Saambou Holdings Holdings
Investec Bank Limited Investec Bank Limited Jowell Glyn & Marais
Date: 30/08/2002 02:03:59 PM Produced by the JSE SENS Department
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