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SASANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1955/000259/06)
Share code SSA ISIN ZAE 000017851
("Sasani" or "the company")
RESULTS OF GENERAL MEETING
1. INTRODUCTION
The board of directors of the company wishes to advise shareholders that, of
the resolutions proposed at the general meeting of the shareholders of the
company held on Monday 3 February 2003:
- three resolutions were approved unanimously on a show of hands; and
- special resolution number 2 (relating to an increase in the authorised
share capital of the company) was approved on a poll by 95,96% of the
shareholders present and voting.
A surrender circular will be posted to certificated shareholders today in
order to enable those shareholders who have not yet surrendered their documents
of title to do so.
2. LISTING ON THE JSE SECURITIES EXCHANGE SOUTH AFRICA ("the JSE") AND SALIENT
DATES
The listing of Sasani on the JSE reflecting the amended par value of the
Sasani shares will commence from the commencement of trading on Monday 17
February 2003.
In addition, the attention of shareholders is drawn to the following salient
dates:
Last day to trade in existing Sasani
ordinary shares Friday 14 February 2003
Record date Friday 21 February 2003
Dematerialised shareholders` custody
accounts amended to reflect the amended
par value of the company`s shares Monday 24 February 2003
Replacement share certificates reflecting
the amended
par value of the company`s shares posted
to certificated shareholders who have
surrendered their documents of title
on or before the record date (21 February 2003)
(or failing such surrender, within five
business days of surrender) Monday 24 February 2003
The attention of certificated shareholders is drawn to the fact that,
notwithstanding that the company is now settling trades through the STRATE
settlement system, such shareholders will receive a share certificate reflecting
the amended par value of the company`s shares and will be required to
dematerialise such share certificates in order to trade their shares on the JSE.
The dematerialisation process can take between 24 hours and 10 days, depending
on the volumes being processed by STRATE at the time of dematerialisation.
3. SURRENDER OF SHARE CERTIFICATES
3.1 Certificated shareholders in the company who have not already done so are
requested to surrender their share certificates in order to receive new share
certificates reflecting the amended par value of the shares of the company.
3.2 The form of surrender must be completed by all certificated shareholders
and returned, together with relevant share certificate/s and/or other document/s
of title, to Computershare Investor Services Limited, Exchanges Department,
Ground Floor, 70 Marshall Street, Johannesburg 2001 (PO Box 1053, Johannesburg
2000). The transfer secretaries will, within five business days of the receipt
of the duly signed form of surrender and the share certificate/s which must
accompany it, send a share certificate by registered mail to the address of the
shareholder concerned as shown in the company`s register of shareholders, or to
any other address as instructed in writing. This does not apply to
dematerialised shareholders who will have their electronic record of holdings
automatically updated by their Central Securities Depository Participant
("CSDP") or broker.
3.3 In terms of the exchange control regulations of the Republic of South
Africa, documents of title to be issued to:
3.3.1 non-resident or emigrant shareholders will be restrictively
endorsed in terms of those regulations; and
3.3.2 emigrant shareholders will be placed under the control of the
authorised bank dealing in foreign exchange in the Republic of South Africa
nominated by that shareholder. It follows therefore that the authorised dealer
releasing blocked shares must countersign the form of surrender, thereby
indicating that the new share statements will be placed under their control.
3.4 New share certificates will not be despatched to shareholders before
shareholders have surrendered their existing certificate/s in respect of the
shares held by them, provided that if any shareholder produces evidence to the
satisfaction of the company that the certificate in respect of any shares has
been lost or destroyed, the company may dispense with the surrender of such
certificate against the provision of an indemnity acceptable to the company, the
costs of which indemnity shall be borne by the shareholder concerned. This does
not apply to dematerialised shareholders as their CSDP or broker will
automatically handle this on their behalf.
By order of the board.
Johannesburg
3 February 2003
Corporate adviser
Lanark Financial Services (Proprietary) Limited
(Registration number 1999/021799/07)
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 03/02/2003 03:15:00 PM Produced by the JSE SENS Department
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