Casey Investment Holdings Limited - Results Of Gen
Casey Investment Holdings Limited - Results Of General Meeting
Casey Investment Holdings Limited
(Registration No: 1998/016433/06)
Incorporated in the Republic of South Africa
("Casey" or "the company")
JSE Code: CSY - ISIN CODE: ZAE000016127
The Janus Corporation (Pty) Limited is authorised to announce that at a general
meeting of Casey shareholders held on 17 October 2002, the following special and
ordinary resolutions relating to the reconstruction of the company`s share
capital, were approved by shareholders:
- the alteration of the authorised share capital from 200 000 000 ordinary
shares with a par value of 1 cent each to 2 000 000 000 ordinary shares with a
par value of 0,1 cent each;
- the consolidation of the existing 83 129 600 ordinary shares of 1 cent each on
a one-for-ten basis into 8 312 960 ordinary shares of 0,1 cent each; and
- the adoption of the Casey Investment Holdings Limited Share Incentive Scheme.
The following votes were recorded in respect of each of the special and ordinary
resolutions:
Votes for 58 630 400 shares
Votes against Nil
Abstention 8 817 333 shares
Proposed claw-back rights offer
Following the implementation of the reconstruction of Casey`s share capital, the
proposed claw-back rights offer, referred to in an announcement to shareholders
of 20 September 2002, will be implemented shortly.
On or about 28 October 2002, Casey`s major shareholder, Black Information
Technology Empowerment Company Limited ("Blitec"), will convert approximately
R20 million of its loan account to Casey into ordinary shares.
Thereafter all shareholders of Casey will be entitled to participate in the claw
back rights offer pro rata to their shareholding in Casey. Shareholders will be
informed in due course about the terms and dates of the claw-back rights offer.
Johannesburg
17 October 2002
Corporate Finance Advisers and Sponsors
The Janus Corporation (Pty) Ltd
Attorney
Botha Willemse & Wilkenson
Date: 17/10/2002 03:14:58 PM Produced by the JSE SENS Department
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