Alacrity - Results Of An Extraordinary General Mee
Alacrity - Results Of An Extraordinary General Meeting
ALACRITY FINANCIAL SERVICES LIMITED
Registration number 1994/000078/06
("Alacrity" or "the company")
Share Code : ALY
ISIN Code : ZAE000023966
RESULTS OF AN EXTRAORDINARY GENERAL MEETING
At an extraordinary general meeting of Alacrity held at Johannesburg on
Thursday, 28 November 2002, of which notice was included in a circular to
shareholders dated 1 November 2002, certain ordinary and special resolutions
were passed by the requisite majority of shareholders in terms of which effect
was given to:
- the disposal of Alacrity`s entire interests in De Wet De Villiers Brokers
(Proprietary) Limited, Alacrity Financial Investments (Proprietary) Limited, ED
Paton and Associates (Proprietary) Limited and SFS Holdings (Proprietary)
Limited ("the disposals");
- the specific repurchase of an aggregate number of 20 266 994 ordinary shares
in Alacrity ("the repurchased shares"); and
- the cancellation of 7 228 024 of the repurchased shares and the transfer of
the remaining 13 038 970 repurchased shares to a wholly owned subsidiary of
Alacrity, to be held as treasury shares.
Messrs BD James and SD Levitt have resigned from the board of directors of
Alacrity with effect from 28 November 2002 pursuant to the implementation of the
disposals.
The special resolutions with regard to the disposals will be submitted today for
registration by the Registrar of Companies in accordance with the provisions of
the Companies Act, number 61 of 1973, as amended.
Johannesburg
29 November 2002
Corporate advisor and Sponsor
Quaestor Capital (Proprietary)
Limited
Date: 29/11/2002 09:45:58 AM Produced by the JSE SENS Department
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