Imperial Holdings Limited - Resolutions Passed At Imperial Holdings Agm
Imperial Holdings Limited
JSE CODE: IPL ISIN: ZAE 000003620
RESOLUTIONS PASSED AT IMPERIAL HOLDINGS AGM
Johannesburg - Monday November 4, 2002
At the annual general meeting held in Johannesburg today, Imperial Holdings`
shareholders approved all the resolutions tabled at the meeting.
These included resolutions to increase the number of shares in terms of the
Imperial Holdings Share Option Scheme; the renewal of the general authority to
repurchase company shares and the resolutions giving Imperial the authority to
go ahead with its odd-lot offer to shareholders holding less than 100 shares on
November 22, 2002, being the record date. In terms of today`s approval,
Imperial can now proceed with the offer to acquire these shares.
Shareholders also sanctioned the distribution of 120 cents per ordinary share to
shareholders on November 22, the record date. The last day to trade in Imperial
shares to qualify for the odd-lot offer and capital distribution is November 15,
2002.
Commenting on trading in the first four months of the year, chief executive Bill
Lynch said that nothing had occurred to change the view that Imperial remains
confident about the future of all its divisions. "We continue to see
opportunities in almost every area of the business and, given a fair wind,
Imperial should again report satisfactory results."
Ends
Please note:
Imperial Holdings activities include a wide range of services relating to
motoring, car rental and tourism, transport, trucking, aviation leasing,
logistics and fleet management outsourcing, forklifts, and a comprehensive
related financial services arm supplying banking, short-term insurance and life
assurance. While these services combine to facilitate maximum synergy between
business entities, a decentralised management structure engenders industry best
practice. Management is empowered to develop each business with
entrepreneurship into unique business units within the strength and support
structures of the Imperial group.
Imperial employs 27 875 people and operates from 862 outlets or branches in 26
countries and had total assets of R20-billion at June 25, 2002 and its revenues
for the 12 months to June 25, 2002 totalled R28,1-billion.
Visit our websites - www.imperial .co.za and www.imperialtoday.co.za
ISSUED BY: PENELOPE GRACIE INVESTOR RELATIONS
ON BEHALF OF: IMPERIAL HOLDINGS LIMITED
FURTHER INFORMATION: PENELOPE GRACIE
CONTACT: OFFICE +27 (11) 447-3301
MOBILE 082-55-77-444
Date: 04/11/2002 03:09:00 PM Produced by the JSE SENS Department
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