| Wed 26 Apr 2023, 16:00 | | JASCO ELECTRONICS HOLDINGS LIMITED - Results of General Meeting – Offer and Delisting |
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Results of General Meeting – Offer and Delisting
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC ISIN: ZAE000003794
("Jasco" or “the Company”)
Results of General Meeting – Offer and Delisting
Shareholders are hereby advised that at the general meeting of
shareholders of the company held on Wednesday, 26 April 2023, all the
proposed ordinary resolutions, as set out in the notice of general
meeting contained in the Circular to shareholders posted to
shareholders on Thursday, 23 March 2023, were passed by the requisite
majority of shareholders present and voting, in person or by proxy.
Details of the results of voting at the annual general meeting are as
follows:
- Total number of issued ordinary shares: 367 444 716
- Total number of issued ordinary shares net of treasury shares (7
522 358 and related party shares excluded from voting at the general
meeting (202 348 677) (“Total Votable Ordinary Shares”): 157 573 681
- Total number of issued ordinary shares which were
present/represented at the annual general meeting: 103 108 686 being
65.44% of the Total Votable Ordinary Shares.
Ordinary Resolution
Ordinary resolution number 1: Approval of the Delisting
For (1) Against (1) Abstentions (2) Shares voted (3)
103 080 148 10 000 being 18 538 being 103 090 148
being 99.99% 0.01% 0.012% being 65.42%
Ordinary resolution number 2: Authorisation to implement ordinary
resolution number 1
For (1) Against (1) Abstentions (2) Shares voted (3)
103 080 148 10 000 being 18 538 being 103 090 148
being 99.99% 0.01% 0.012% being 65.42%
Notes:
(1) The votes carried for and against each individual resolution are
disclosed as a percentage in relation to the total number of ordinary
shares voted (whether in person or by proxy) in respect of such
individual resolution at the annual general meeting.
(2) The total number of ordinary shares abstained in respect of each
individual resolution (whether in person or by proxy) is disclosed as
a percentage in relation to the Total Votable Ordinary Shares.
(3) The total number of ordinary shares voted (whether in person
or by proxy) at the annual general meeting in respect of each
individual resolution is disclosed as a percentage in relation to
the Total Votable Ordinary Shares.
Offer and Delisting
The Delisting Resolution has been approved by Jasco Shareholders and
the Offer has become unconditional and will be implemented, subject
only to the Takeover Regulation Panel issuing the compliance
certificate in terms of section 119(4) of the Companies Act.
The finalisation date announcement is expected to be released on or
about Tuesday, 2 May 2023, upon receipt of the aforementioned
compliance certificate and the Offer and Delisting will be
implemented in accordance with its terms and the salient dates and
times set out in the announcement released on SENS on 23 March 2023.
Jasco Independent Board and Jasco Board Responsibility Statement
The Independent Board and the Jasco Board, individually and
collectively accept full responsibility for the accuracy of the
information contained in this announcement, and certify that, to the
best of their respective knowledge and belief, the information is
true and, where appropriate, this announcement does not omit
anything likely to affect the importance of the information
included.
Offeror Responsibility Statement
The Offeror accepts responsibility for the information contained in
this announcement insofar as it relates to detail around the Offeror
and the Offer. To the best of its knowledge and belief, the
information contained in this announcement is true and this
announcement does not omit anything likely to affect the importance
of the information.
Midrand
26 April 2023
Corporate Advisor and Transaction Sponsor: Grindrod Bank Limited
Date: 26-04-2023 04:00:00
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