Kersaf Investments Limited - Results of general me
Kersaf Investments Limited - Results of general meeting
Kersaf Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/007528/06)
("Kersaf" or "the company")
Share code: KER ISIN: ZAE0000013844
Results of general meeting
Investec Bank Limited is authorised to announce that the ordinary resolution
necessary to:
- authorise the directors of Kersaf to dispose of up to 4 025 000 ordinary
shares in Kerzner International Limited ("KZL") with a par value of
US$0,001 each, which are indirectly owned by Kersaf, for cash and at such a
price as the directors of Kersaf may deem appropriate and in the best
interests of Kersaf, subject to:
- the necessary approvals of the JSE Securities Exchange South Africa having
been obtained; and
- such authority not extending beyond twelve months from today`s date
("the proposed disposal"),
was passed by Kersaf shareholders (with no dissenting votes) at the general
meeting of Kersaf held at 10h00 on Wednesday, 27 November 2002.
A further announcement will be made in due course to advise Kersaf
shareholders of the timing, pricing, quantum and any further relevant
information pertaining to the KZL ordinary shares sold in terms of the proposed
disposal.
Sandton
27 November 2002
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06
Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Corporate law advisers and consultants
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & Consultants
(Registration number 1999/026464/07)
Date: 27/11/2002 04:36:40 PM Produced by the JSE SENS Department
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